Edition:
India

Sumeet Chatterjee

RPT-Banks re-open as Hong Kong returns to normal ahead of weekend protest

14 Jun 2019

HONG KONG, June 14 Police kept a close watch over central Hong Kong on Friday as the Asian financial hub returned to normalcy, with banks re-opening branches closed during violent protests against a proposed extradition bill with mainland China.

Hong Kong protesters scuffle with police, government offices shut

14 Jun 2019

HONG KONG Scuffles broke out between demonstrators and police in Hong Kong on Thursday as hundreds of people kept up a protest against a planned extradition law with mainland China, a day after police fired tear gas and rubber bullets to break up big crowds. | Video

Exclusive: Grab eyes Singapore banking licence as regulator studies virtual banks - sources

12 Jun 2019

HONG KONG/SINGAPORE Grab, Southeast Asia's most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said.

China's 'mini-Lehman' moment to spur smaller bank consolidation

07 Jun 2019

HONG KONG/BEIJING China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States.

Morgan Stanley cuts about half a dozen Asian equities jobs: sources

29 May 2019

SINGAPORE/HONG KONG Morgan Stanley has cut about half a dozen equity sales, trading and research jobs across Asia as part of a global cost-cutting move, people familiar with the matter told Reuters on Wednesday.

HSBC plans retail wealth headcount boost; eyes Singapore expansion

29 May 2019

HONG KONG HSBC Holdings PLC plans to boost its Asia retail wealth management staff by about 300 by end of this year, with Europe's biggest lender by assets sharpening its focus on Singapore to add to its presence in core markets of Hong Kong and China.

Alibaba plans bumper $20 billion HK listing to boost investment war chest: sources

28 May 2019

HONG KONG Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York. | Video

Asia's billionaires develop taste for boutique wealth managers

27 May 2019

HONG KONG/SINGAPORE Growing demand by Asia's rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London.

World News