HSBC

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Ping An's Q2 profit rises 34 pct as stocks rally

Ping An Insurance (Group) Co of China Ltd, the world's No. 2 life insurer by market value, posted a 34 percent jump in second-quarter earnings as China's stock market boom boosted investment returns.

Weekly Market Watch - Monday, 10 August 2009

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The US Dollar lost considerable ground against the Pound and EURO early last week with both currencies breaking through the physiological resistance barriers of 1.70 and 1.44 respectively.
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HSBC in talks to form securities JV in China

HSBC Holding Plc, Europe's biggest bank, is in talks to set up an investment banking joint venture in China, a senior bank executive said, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth.
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Daily Outlook August 3 – Finance

Auto sales for July which will be announced on Monday are expected to be boosted by the government's cash-for-clunkers program. The program boosted industry wide deliveries of new vehicles to the highest levels of this year.
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HSBC's Maldonado blends science with art

HSBC's Bill Maldonado is a man who loves to mix science with art -- be that in running Halbis's hedge fund business, riding his high-power Ducati motorbike on a race track or piloting a light aircraft.
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Head of Morgan Stanley left for HSBC

Relevant sources from Morgan Stanley &Co confirmed that C.N. Liu, managing director and head of corporate finance department in Hong Kong, have dismissed Morgan Stanley early in July.
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KB Financial $2 bln rights offer by Sept - CEO

South Korea's KB Financial Group expects to complete a $2 billion rights offer by early September, CEO Hwang Young-key told Reuters on Wednesday, giving it the muscle to possibly buy Korea Exchange Bank or non-banking financial services companies.
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Global stocks drop on economic jitters

Asian stocks tumbled on Tuesday, as confidence in the recovery ebbed and falling commodity prices and a sharp drop on Wall Street spooked investors into taking profits and buying the yen for safety.
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Asia stocks fall on economy doubts

Asian stocks tumbled on Tuesday, after falling commodity prices and a sharp drop on Wall Street spooked investors into taking profits and buying the yen on speculation the rapid pace of recovery may not be sustainable.
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Energy efficiency outpacing renewable peers: HSBC

Companies which specialize in technologies to boost energy efficiency are benefiting from global economic recovery packages and a growing focus on cutting costs, HSBC research suggested on Monday.
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HSBC says preparing to issue yuan bonds in China

HSBC Holdings Plc , which last month became one of the first foreign banks allowed to issue Chinese currency bonds in Hong Kong, said on Wednesday it is also preparing for yuan bond issuance in China.
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HSBC may rethink U.S. credit cards

Europe's biggest bank HSBC Holdings said business will remain challenging for much of 2010 and it may not keep its U.S. credit card arm if the problems facing the business intensify.
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HSBC says consolidation to spur buying opportunity

HSBC Holdings, Europe's biggest bank, expects to see consolidation in the financial industry later this year and in early 2010 that will create buying opportunities, Chief Executive Michael Geoghegan said on Tuesday.
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Microsoft sees more start-ups without investors

Venture-capital investments have been falling in a depressed economy but this is not necessarily stifling technology start-ups, as it becomes easier to get firms off the ground without outside investment, Microsoft says.
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HSBC says first-quarter profits up

HSBC Holdings said first quarter profits were well ahead of last year, swelled by record results in its investment bank and resilience in Asia, but would have been down without accounting gains on its debt.
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Bank caution supports U.S. dollar, tempers stocks

The U.S. dollar edged up from a six-week low on Tuesday after news the U.S. Treasury will instruct about 10 banks to raise more capital injected caution into markets and capped gains in Asian stocks.

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