HSBC announces exit of Australian banking, sells $36bn home and personal loan portfolio to Blackstone
HSBC has announced it is selling its $36bn Australian home and personal loan portfolio to private equity giant…
HSBC exits Australian retail lending with $36bn portfolio sale
HSBC has agreed to sell its $36 billion Australian home and personal loan portfolio to Blackstone, marking a…
HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
HONG KONG: HSBC will hire more than 100 artificial intelligence specialists and 100 wealth managers in Singapore, deepening…
Labor’s tax changes threaten state budgets as lower property prices yield lower stamp duty, S&P Global warns
Labor’s tax changes could hurt state budgets which are already full of “overly optimistic” revenue forecasts, a major…
Fake police scam targets Chinese diaspora with threats and forged documents
It’s a warm evening in a small Australian town. A man dressed in a shirt and tie prepares…
Huawei to hold the line as memory price surge hits China’s smartphone makers: report
Chinese smartphone makers are preparing for their most challenging year since the Covid-19 pandemic, as analysts say skyrocketing…
China tightens its grip on global shipbuilding, grabbing 85% of new orders
China’s shipyards have mounted an astonishing comeback after facing down US efforts to curb their dominance last year,…
HSBC’s head of wealth says the old retirement model is dead — and 87% who’ve tried the new one say it changed their life
Americans are worried about saving enough for retirement, but they may want to start thinking about retirement differently.…
China’s ‘landmark’ drug pricing guidelines widen biotech profit window: analysts
The State Council, China’s cabinet, has published guidelines on innovative drug pricing that a bank analyst has described…
Hong Kong recognised as ‘global player’ in world rugby after record-breaking Sevens party
Hong Kong brought the curtain down on its 50th anniversary Sevens in front of another record crowd on…
Malaysia’s economy remains robust, well supported by E&E sector, domestic demand
KUALA LUMPUR: Malaysia’s economy is expected to remain robust, well supported by the continued strength in the electrical…
How PayMe’s 3.3 million users and Hong Kong firms could start using stablecoins
For Hong Kong’s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends…