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Latest Asia Banking News

  • HSBC in new sub-prime write-off 12 May 2008 09:16 GMT
    ... over the past year. But growth in Asia helped counter the big hit taken on US ... major countries in which we operate in Asia-Pacific, the Middle East and Latin America," said ... chief executive, Michael Geoghegan. Private and commercial banking divisions saw record profits in the quarter, ...

  • Our man in Africa 12 May 2008 08:58 GMT
    ... Geldof, who wants to talk 'Africa strategy, Asia strategy, Strategy strategy'. (It is, Drummond says, 'always ... is Bono. Doesn't the economic crisis in south-east Asia make debt cancellation impossible?' Half-thinking it was a ...

  • 4:43pmBanks push share market higher 12 May 2008 08:49 GMT
    ... proposed takeover of St George boosted the banking and financial services sector. At the 4.15pm ... was up 53 cents to $8.00, AXA Asia Pacific lifted 31 cents to $6.06, and Suncorp-Metway ...

  • Market closes up as takeover activity boosts banks 12 May 2008 08:14 GMT
    ... proposed takeover of St George boosted the banking and financial services sector. At the 2.15pm ... was up 53 cents to $8.00, AXA Asia Pacific lifted 31 cents to $6.06, and Suncorp-Metway ...

  • Australian Stocks: Westpac's takeover bid pushes market higher 12 May 2008 08:10 GMT
    ... proposed takeover of St George boosted the banking and financial services sector. At the 1615 ... was up 53 cents to $8.00, AXA Asia Pacific lifted 31 cents to $6.06, and Suncorp-Metway ...

  • Morgan Stanley fund to tap Asian growth 12 May 2008 07:35 GMT
    ... Morgan Stanley fund to tap Asian growth Published: May 11 2008 22:03 | Last ... fast-growing economies of the Middle East and Asia. James Gorman, Morgan Stanley’s co-president, said: “The ... in developing countries. He said Morgan Stanley’s banking and client relationships in countries such as ...

  • Banks push share market higher 12 May 2008 07:16 GMT
    ... proposed takeover of St George boosted the banking and financial services sector. At the 4.15pm ... was up 53 cents to $8.00, AXA Asia Pacific lifted 31 cents to $6.06, and Suncorp-Metway ...

  • Local stocks close up on Westpac move 12 May 2008 06:56 GMT
    ... AXA and Suncorp,” he said. In the banking sector, National Australia Bank was up $1.89 ... AMP was up 53c to $8, AXA Asia Pacific lifted 31c to $6.06, and Suncorp-Metway ascended ...

  • Africa: Global Body Calls for More Investment in Agriculture Research 12 May 2008 06:55 GMT
    ... by 30 per cent in Central and South Asia. Farming systems are also helping to optimise agriculture ... higher crop yields, lower production costs and savings in water and energy. Agroforestry systems are ...

  • UK corporate sector selects Pakistan Poverty Alleviation Fund (PPAF) as Global Partner for Pakistan 12 May 2008 06:36 GMT
    ... operating in over 70 countries in Europe, Asia-Pacific and the Americas. The flagship programmes and ... activities entail over 1.9 million micro credit loans (impacting 11.4 million with 45 per cent ...

  • Asian shares pare losses as Japan rebounds; Autralia lifted by bank deal UPDATE 12 May 2008 06:15 GMT
    ... > > > Asian shares pare losses as Japan rebounds; Autralia lifted ... merger that would create the country's biggest banking group. After trading in the red through ... fears. Inflation remained a key theme in Asia Monday after China said consumer prices rose ...

  • TFN economic and business calendar to Friday May 23 12 May 2008 05:54 GMT
    ... $0.94 (after market closes) TUESDAY MAY 13 ASIA -Australian federal budget for year to June ... -Travis Perkins AGM -United Business Media AGM -Eurasian Natural Resources Corp trading statement -G4S trading statement ... price index for week to May 3 -Pacific Group Ltd. AGM -Singapore April non-oil domestic ...

  • Foreign lenders see capital growth in China 12 May 2008 05:30 GMT
    ... Citi, Standard Chartered Bank and Bank of East Asia - launched their locally incorporated entities in Shanghai. ... signaling the full opening of the Chinese banking market. For foreign banks in China, local ...

  • Asian shares pare losses as Japan rebounds; Australia lifted by bank deal UPDATE 12 May 2008 05:30 GMT
    ... SINGAPORE (Thomson Financial) - Asian shares pared their losses in afternoon trade Monday ... merger that would create the country's biggest banking group. After trading in the red through ... fears. Inflation remained a key theme in Asia Monday after China said consumer prices rose ...

  • World moving away from falling dollar, but slowly 12 May 2008 05:12 GMT
    ... in Europe and to Japanese yen within Asia. The steep fall of dollar has also ... to be gradual, too. This is because Asian countries sitting on piles of dollars stand to ... dollars. If this becomes too painful, central banks may be tempted to cut their losses ...

  • FCG Vietnam joins US firm's global IT delivery network 12 May 2008 05:12 GMT
    ... branch, which targets clients operating in finance, banking and insurance sectors, will continue to provide ... part of the corporation’s strategy in the Asia-Pacific region, she added. CSC is a global ...

  • Thomson Financial Europe AM at a glance share guide: Shares, oil mixed 12 May 2008 05:12 GMT
    ... -30 cents (Intra-day) crude for June STOCKS: Asian shares pared their losses in afternoon trade Monday ... fell on rising stocks, falling demand from Asia and as equity market weakness re-ignited fears ... its overseas operations, particularly Hong Kong and Asia-Pacific, and growth in the commercial bank operations. ...

  • Falling Greenspans mean we may all end up dirt poor 12 May 2008 04:31 GMT
    ... border="0" size="1" I've just come back from the bank, where I had to change money from ... was particularly bad news for people from South Asia. Their currency, the rupee, was set at a ...

  • Urgency to build new growth areas 12 May 2008 04:28 GMT
    ... been undercapitalised as Malaysia is less known than Singapore as a tourist destination in South-East Asia, such as for people from China,” he said, adding that the republic was also ...

  • Listing in London 12 May 2008 02:10 GMT
    ... market listings, including a growing contingent of Asian companies. Avantgarde Capital recently hosted a conference in ... is an exchange-regulated market, said Jane Zhu, Asia Pacific head for the LSE. AIM does not ...

  • "Four pillars" shaken 12 May 2008 01:50 GMT
    ... has vowed to make his bank an Asia super-regional, which means buying a sizeable Asian bank and not a smaller bank based in ... UBS. It’s early days, but the Australian banking sector is now in play, with everyone ...

  • Asia on the horizon for Barrie & Hibbert 12 May 2008 00:00 GMT
    ... Edinburgh-based financial risk consultancy is now targeting Asia as its next geographical expansion – as it also ... now looking at opening an office in Asia/Pacific, perhaps Hong Kong or another city in ... software and consultancy services for companies, including banks and insurers. Last year it won a ...

  • Asia's Trade Outwits West's Aid in Africa 11 May 2008 23:30 GMT
    ... Western aid, but mutually beneficial and growing Asia-Africa economic engagement. The bank states that Asia’s ... three times more than in 1990, and Asian exports to Africa is growing 18 percent per ... of sectors, focusing primarily on infrastructure, telecoms, banking and tourism. As part of its expanding ...

  • Interview - Barclays banks on rising star Sarwar's local knowledge of Asian community 11 May 2008 23:30 GMT
    ... had arisen as we are talking about Asian wealth, in the UK and in the Middle ... East, and the influence it has on banking. It seemed natural the wider area of ... by everybody that the Middle East and Asia is doing well. "The market (for Islamic ...

  • Asia on the horizon for Barrie & Hibbert 11 May 2008 23:30 GMT
    ... Edinburgh-based financial risk consultancy is now targeting Asia as its next geographical expansion – as it also ... now looking at opening an office in Asia/Pacific, perhaps Hong Kong or another city in ... software and consultancy services for companies, including banks and insurers. Last year it won a ...


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