Edition:
United Kingdom

Sumeet Chatterjee

StanChart to sharpen focus on costs after first-half profit hit by loan losses

30 Jul 2020

HONG KONG/LONDON Standard Chartered PLC on Thursday posted a 33% fall in first-half profit after credit impairment charges jumped six-fold as a result of the coronavirus pandemic, and said it would continue to keep a tight lid on costs.

Canada's Sun Life sees Asia accounting for quarter of income in five-six years

29 Jul 2020

HONG KONG Sun Life Financial Inc expects Asia's contribution to its income to rise to about 25% in five to six years, from 18% now, driven by its push to sell insurance products via digital channels and higher demand after the coronavirus pandemic.

GLOBAL MARKETS-Shares gain as investors cheer EU stimulus deal, bet on vaccines

21 Jul 2020

TOKYO/HONG KONG, July 21 Asian shares hit a five-month high and European equity market futures extended gains on Tuesday after European Union leaders agreed on a massive stimulus plan for their coronavirus-blighted economies.

Exclusive: Global banks scrutinize their Hong Kong clients for pro-democracy ties

20 Jul 2020

HONG KONG Global wealth managers are examining whether their clients in Hong Kong have ties to the city's pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China's new national security law, according to six people with knowledge of the matter. | Video

GLOBAL MARKETS-Asian shares rise, euro at 4-month peak on EU talks progress

20 Jul 2020

SYDNEY, July 20 Asian shares posted gains on Monday and the euro rose to four-month highs, as EU leaders appeared to make some headway after three days of haggling on a plan to revive their economies, even as coronavirus cases increased in many countries.

EXCLUSIVE-Global banks scrutinize their Hong Kong clients for pro-democracy ties -sources

20 Jul 2020

HONG KONG, July 20 Global wealth managers are examining whether their clients in Hong Kong have ties to the city's pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China's new national security law, according to six people with knowledge of the matter.

Exclusive: HSBC sheds top talent as global equities boss leaves - sources

17 Jul 2020

LONDON/HONG KONG HSBC's global equities chief Hossein Zaimi is leaving the bank, two sources with direct knowledge of the matter said on Friday, in the latest revamp of the lender's troubled investment banking operations.

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

03 Jul 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.

World News