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Alun John

HSBC warns loan losses could hit $13 billion as profit plunges 65%

12:39pm EDT

LONDON/HONG KONG HSBC Holdings PLC warned its bad debt charges could blow past a previous estimate to $13 billion this year and said its profits more than halved, as the coronavirus pandemic hammered the bank's retail and corporate customers worldwide. | Video

Diginex launches new Singapore cryptoexchange ahead of Nasdaq listing

Jul 29 2020

HONG KONG Nasdaq-hopeful Diginex launched a new cryptocurrency exchange focused on derivative products in Singapore on Thursday, where it has applied for a licence.

Diginex launches new Singapore cryptoexchange ahead of Nasdaq listing

Jul 29 2020

HONG KONG, July 30 Nasdaq-hopeful Diginex launched a new cryptocurrency exchange focused on derivative products in Singapore on Thursday, where it has applied for a licence.

RPT-Tokyo, Sydney aim to lure edgy HK financial firms, but Singapore a top draw

Jul 27 2020

HONG KONG/SINGAPORE, July 27 Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to Singapore.

Tokyo, Sydney aim to lure edgy HK financial firms, but Singapore a top draw

Jul 27 2020

HONG KONG/SINGAPORE Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to Singapore.

Indonesian tycoon Salim wins close shareholder vote on controversial $3 billion deal

Jul 17 2020

HONG KONG Indonesian tycoon Anthoni Salim narrowly won shareholder backing on Friday for a $3 billion takeover transaction between companies he controls, overcoming criticism about the deal's valuation and questions about corporate governance.

Indonesian tycoon Salim risks rare deal defeat over valuation, governance questions

Jul 15 2020

HONG KONG/JAKARTA One of Indonesia’s biggest tycoons, Anthoni Salim, risks a rare setback if a $3 billion deal between companies he controls is rejected by shareholders on Friday.

Global banks seeking details of U.S. sanction threat against China individuals for Hong Kong law

Jul 03 2020

HONG KONG International banks were seeking details on Friday of the scope of U.S. legislation that would penalize them for doing business with Chinese officials who implement Beijing's sweeping new national security law on Hong Kong.

Hong Kong bourse told to improve 'Chinese wall' against conflicts of interest

Jul 02 2020

HONG KONG Hong Kong's markets watchdog has told the Stock Exchange of Hong Kong (SEHK) to improve its "Chinese wall" protocols among other changes to better manage potential conflicts of interest.

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