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Alun John

U.S. sanctions branded 'clowning actions' as Hong Kong vows it won't be intimidated

9:48am IST

HONG KONG Beijing's top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and Chinese officials were "clowning actions" that would not frighten or intimidate Chinese people. | Video

HK regulators see limited sanctions impact as banks weigh action

08 Aug 2020

HONG KONG Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.

UPDATE 1-HK regulators see limited sanctions impact as banks weigh action

08 Aug 2020

HONG KONG, Aug 8 Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.

Fragmentation of financial regulation hindering COVID response: industry group

05 Aug 2020

HONG KONG Banks' obligations to keep cash ‘ring-fenced’ within countries could reduce lending to Asian economies grappling with the fallout from the new coronavirus outbreak, a financial industry group said on Wednesday in a report.

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

03 Aug 2020

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

30 Jul 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.

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

28 Jul 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

27 Jul 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

17 Jul 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

16 Jul 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.

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