All posts tagged Hong Kong

Banks not helping small businesses

Exxon mandates Barclays to find buyers for 30% stake in Hong Kong’s Castle Peak

US oil and gas giant Exxon Mobil Corp (NYSE:XOM) has mandated Barclays Plc (LON:BARC) to help it sell nearly half of its 60% stake in Hong Kong-based coal-fired power stations operator Castle Peak Power Co Ltd, informed people told Reuters. …

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Hong Kong

Dutch financial services firm ING divests Asian insurance operations

Dutch financial group ING Groep NV (AMS:INGA) said today it had agreed to sell its life insurance, general insurance, pension and financial planning units in Hong Kong and

ING Bank

ING sells Malaysian insurance unit to Hong Kong-based AIA

 Dutch financial group ING Groep NV (AMS:INGA) said on Thursday it would sell its insurance

Yahoo

Alibaba repurchases its own shares from Yahoo! for $7.6bn

US digital media giant Yahoo! Inc (NASDAQ:YHOO) said it had sold some 20% in Alibaba Group to the Hong Kong-based e-commerce firm for around USD7.6bn (EUR5.8bn) in cash

AIG HQ

AIG launches $2bn sale of shares in Hong Kong-unit AIA Group

US insurer American International Group Inc (NYSE: AIG) said on Thursday it had started a process to dispose of as much as USD2bn (EUR1.6bn) worth of shares of

Saab

Hong Kong-based NEVS closes deal to acquire bankrupt Saab Automobile

National Electric Vehicle Sweden AB (NEVS), which is owned by Hong Kong-based National Modern Energy Holdings Ltd, said today it had completed the acquisition of bankrupt Swedish

HSBC building, Hong Kong

HSBC disposes of its take in Asian card processing venture for $242m

British banking group HSBC Holdings Plc (LON:HSBA) said on Friday that it had reached a deal to dispose of its 44% interest in a card processing joint venture

Fragmented Copper

Hong Kong-based HKEx seals a deal to acquire London metals exchange LME

Hong Kong Exchanges and Clearing Ltd (HKG:0388), or HKEx, reached on Friday a GBP1.388bn (USD2.2bn/EUR1.7bn) deal to buy British metals exchange LME Holdings Limited via a recommended cash

Michael ‘Gordon Gekko’ Douglas to Speak at Hong Kong Investment Forum

Michael Douglas will speak at an investment forum in Hong Kong this September. Well-known for his role as slash-and-burn investor Gordon Gekko in the 1980s classic Wall Street,

Mini-Innovation: The Hidden Cost of Hong Kong’s Rapid Growth

Hong Kong stocks have increased once again, renewing confidence in the East Asian investment centre and prompting investors to grant greater capital to local companies. It's a sight

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