Word: hsbc
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...meantime, foreign lenders are finding ways to keep busy. HSBC has aligned itself with local banks and with the four state-owned major institutions, which gives the London-based bank's customers access to branches across much of China. HSBC last month bought an 8% share in the Bank of Shanghai, a seven-year-old entity controlled by the city. Citibank is reportedly considering the purchase of a 15% stake in the Bank of Communications, the fifth largest state-owned lender, also based in Shanghai...
...past year. But there is one part of Jardine Fleming's assets that its new parent company is holding close: its junks. Not those of the bond variety but the famous sailboats long associated with Hong Kong harbor. Companies such as J.P. Morgan and its rival HSBC entertain clients aboard well-appointed junks with colorful sails. Maeve Gallagher, J.P. Morgan's Hong Kong spokeswoman, says the junks are popular among bank employees, who get to use them when the boats aren't booked with clients...
...loser, financially speaking. In the past year my HSBC Asian equity investment fund has lost 31% of my already laughable savings. Sure, February 2000 was probably not the time to jump into the market, but I'd put off investing for so long that I felt I had to ignore common sense and just do it. Bad idea. Equities have gone downhill ever since. Of course, I'm not alone: millions of people across Asia have seen their net worths shrink dramatically in recent months. Other than weeping ourselves to sleep and kicking ourselves in the pants...
...communist mainland. But since the takeover of Hong Kong by China in 1997, more and more multinational corporations have seen the calligraphy on the wall. AIA Insurance, an American insurance company, moved its China headquarters to Shanghai last year; Philips Electronics did the same in April; and HSBC Group, the banking complex, followed in May. Dozens of other companies plan to make the jump soon, according to a survey by the American Chamber of Commerce in Hong Kong. The Shanghai chamber says it is signing up more than 50 new members every month. Foreign investors have poured $27.7 billion into...
...midst of what some experts call the most difficult airline integration in the history of North America. "Trying to improve service while merging the operations of Air Canada and Canadian Airlines is like attempting to douse a fire while an open pipeline of fuel is poured on it," says HSBC Securities analyst Ted Larkin. Air Canada, with a workforce of 23,000, and slightly smaller Canadian, which was bleeding $1.35 million a day, had "computer reservation systems that didn't talk to each other," says Milton, and workers accustomed to "beating each other to death." Milton made a very public...