UPDATE: HSBC 1H Net Profit Doubles To $6.76B On Lower Charges
2nd Aug 2010 10:05
(Adds detail and CEO comment.) By Patricia Kowsmann and Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) said Monday that its net profit for the first half of the year doubled on lower impairment charges and a gain on the value its own debt. The U.K.-
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
2nd Aug 2010 09:56
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN20100802934.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 04:56 ET (08:56 GMT)
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
2nd Aug 2010 09:49
For full details, please click on the following link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN20100802918.pdf Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 04:49 ET (08:49 GMT)
Read moreHSBC profits soar as bad debts decline
2nd Aug 2010 09:48
HSBC gave a signal that the banking sector may be returning to normality after the credit crisis as it posted interim profits that more than doubled on the back of a sharp reduction in bad debts. In the half year to June 30, the bank saw pre-tax profits jump to US$11.1bn (£7bn) from $5bn (£3.2bn)
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
2nd Aug 2010 09:44
For full details, please click on the following link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN20100802896.pdf Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 04:44 ET (08:44 GMT)
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
2nd Aug 2010 09:38
For full details, please click on the following link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN20100802868.pdf Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 04:38 ET (08:38 GMT)
Read moreHSBC 1H Net Profit $6.76B Vs $3.35B On Lower Impairments
2nd Aug 2010 09:32
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) said Monday that its net profit for the first half of the year doubled on lower impairment charges. The U.K.-based but Asia-focused bank reported a $6.76 billion net profit for the period, up from $3.
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
2nd Aug 2010 09:25
For full details, please click on the following link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN20100802775.pdf Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 04:25 ET (08:25 GMT)
Read moreMARKET TALK: HSBC Rises After Interim Results; Income In Line
2nd Aug 2010 09:25
0825 GMT [Dow Jones] HSBC (HSBA.LN) +4.8% at 677p, rising further following the release of its interim results. Net income is bang in line with expectations says a trader, coming in at $6.8B. A massive improvement in impairments, coming in at $7.52B. The falling cost of risk is very positive, the
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
2nd Aug 2010 09:22
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN20100802733.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 04:22 ET (08:22 GMT)
Read moreHK Bourse: Announcement From Hsbc Hldgs Plc
2nd Aug 2010 09:18
For full details, please click on the following link: http://www.hkexnews.hk/listedco/listconews/sehk/20100802/LTN20100802709.pdf Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires August 02, 2010 04:18 ET (08:18 GMT)
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreMARKET TALK: HSI +1.2%; Results Season In Full Swing
2nd Aug 2010 07:50
0650 GMT [Dow Jones] HSI +1.2% at 21,282.16 vs 21,304.20 midday, as weak China July PMI (CFLP, HSBC) rekindles expectations Beijing may loosen policy stance on tightening. Goldman Sachs believes recent market's upturn "is primarily on the back of expectations that policy makers may normalize their s
Read moreFOCUS: Santander On The Path To More Local Listings
2nd Aug 2010 07:25
By Christopher Bjork Of Dow Jones Newswires MADRID (Dow Jones)--Banco Santander SA (STD) appears to be moving forward on a strategy of giving more autonomy to local units by listing subsidiaries in its main markets, boosting their independence from headquarters in Spain. Europe's second
Read moreMARKET TALK: HSI +1.3% Midday; Weak PMI Fuels Policy Hopes
2nd Aug 2010 05:45
0445 GMT [Dow Jones] HSI +1.3% at 21,304.20 midday, rising for 9th session out of 10, as weak China July PMI (CFLP and HSBC) fuel expectations Beijing may ease on policy tightening; H-shares outperforming, +1.9% midday. Volume modest at HK$32.74 billion, next technical gap 20,500. Taifook Securities
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