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HSBC Delayed Current Master Restructuring Plan Due To The Serious Outbreak Viral Crisis

Mar 27, 2020 05:35 PM EDT

British investment bank HSBC Holdings will be holding off its previously announced business overhaul due to the "extraordinary impact" of the viral outbreak.

JPMorgan has agreed to settle its China nepotism case for $264 million.

JPMorgan to Pay $264 Million to Settle China Hiring Case

S. Rina |

Nov 18, 2016 09:02 PM EST

JPMorgan has agreed to pay $264 million to the US authorities for resolving its nepotism case in China. The bank allegedly hired the kith and kin of Chinese officials in lieu of favors. The bank was being probed by the US Securities and Exchange and the Justice Department for potential violation of the US Foreign Corrupt Practices Act.

HSBC expects the demand for onshore Chinese government bonds to increase fivefold in the next two years.

HSBC Predicts Growing Demand for China Bonds

S. Rina |

Oct 12, 2016 10:22 AM EDT

HSBC expects the demand for onshore Chinese government bonds to increase fivefold in the next two years.

Hong Kong to Host 7th Leg of World Rugby Sevens Series 2015-16 Season

Louie Marquez |

Jul 02, 2015 04:56 AM EDT

Hong Kong has been announced as the seventh stop in an expanded 10-city circuit for the upcoming HSBC World Rugby Sevens Series 2015-16 season, South China Morning Post reported on Thursday.

China HSBC Service PMI Up on Growing New Orders

Dino Lirios |

Mar 04, 2015 05:10 AM EST

The HSBC/Market Services Purchasing Managers' Index (PMI) in China rose to 52.0 in February, up from January's service PMI of 51.8 and slightly above the 50-pt. mark that demarcates a monthly activity contraction from growth.

HSBC Allegedly Aided Holder of Undeclared Accounts Evade UK Taxes

Vittorio Hernandez |

Feb 09, 2015 10:45 AM EST

The Hong Kong & Shanghai Banking Corporation (HSBC) said on Monday that its procedures have been changed fundamentally, amid accusations that the global bank helped cheat the British Treasury millions of pounds in tax.

Survey: China Ranks Third Overall for Foreigners to Live In

Michael A. Katz |

Oct 23, 2014 11:17 AM EDT

China was ranked the third-best in the world overall for foreign expatriates to live, and first for economic reasons, according to an annual expat survey. Expats in China also say their children are getting a better education than they did back home.

Visa to Open New Technology Development Center in India

Sami Ghanmi |

Sep 28, 2014 05:35 AM EDT

With the new center, Visa plans to create 2,000 new full-time jobs around the world, while taking advantage of India’s software engineering talent.

Unexpected China Data Pushes Asian Shares

Staff Reporter |

Sep 23, 2014 12:41 PM EDT

China's manufacturing industry springs up at it surpassed expectations improving September performance and pushing Asian markets higher this Tuesday.

HSBC Downgrades HK Stock Outlook Over Fears Of Pro-Democracy Campaigns

Christl Leong |

Jul 08, 2014 07:53 AM EDT

HSBC cut its rating investment for Hong Kong on Monday over fears that the pro-democracy campaign could affect relations with China and subsequently hurt its economy.