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Bank of East Asia's profit plunges 49.9% to $3.2b in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
Bank of East Asia's profit plunges 49.9% to $3.2b in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
HSBC staff have qualms over bank's revamp
The bank’s commitment to the overhaul was questioned due to Quinn’s interim status.
HSBC profits crash 53% to $46.64b in FY2019
A goodwill impairment of $56.74 (US$7.3b) dragged down their profits.
Can Ping An Bank weather weakening interest rates?
Its retail lending clients are less sensitive to borrowing rates..
Hong Kong gears towards back-to-back recessions: report
Economists forecast that GDP will contract by more than 1% in 2020.
Total exports up 3.8% in December 2019
This was led by the 15.2% growth recorded in exports to the Mainland.
Jobless rate up 3.4% in November-January
Unemployment in the construction sector has hit a six-year high.
Apartment rents dropped to two-year low in February
Some landlords would offer discounts as steep as 12%.
Hang Seng Indexes launches two indices for Mainland stocks
They will track the performance of high-yield securities and tech firms.
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
Cathay Pacific's passenger load factor fell 1.3% in January
Performance slid due to booking cancellations amidst COVID-19.
Government injects $25b to help businesses weather COVID-19
It took into account feedback from the public, various sectors and Legislative Council members.
ZA Bank cools off price war talks: report
It offers an introductory deposit rate of 6.8%.
Majority expects Hong Kong's economic situation to worsen in 2020
Only 48% of employees expect employers to do better this year.
Real estate investments plunge to lowest in a decade
Investment volumes fell 57% YoY in Q4 2019.
Office rental volumes down in Q4
Vendors were hesitant to accept discounted asking prices.
Luxury residential rents continue to slide in Q4
Landlords were not keen to cut asking rents.
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