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.
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.
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.
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
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.
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.
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.
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.