CEO Rupert Hogg says staff who ‘support or participate in illegal protests’ in Hong Kong would face disciplinary action that ‘may include termination of employment’, as shares fall to lowest level in 10 years.
CEO Rupert Hogg says staff who ‘support or participate in illegal protests’ in Hong Kong would face disciplinary action that ‘may include termination of employment’, as shares fall to lowest level in 10 years.
Market sentiment looks set to be cautious on Monday after a battering last week, following China’s yuan breaching the psychological threshold of 7 against the US dollar, escalating the US-China trade war.
The reports by the two banks underscore how 13 months of a tit-for-tat dispute between the US and China has spilled over to the rest of the world.
The reports by the two banks underscore how 13 months of a tit-for-tat dispute between the US and China has spilled over to the rest of the world.
Shenzhen-based Tencent has a market cap of about HK$3 trillion. It runs WeChat, China’s most popular messaging app, and has toes dipped in payment systems as well as advertising.
Shenzhen-based Tencent has a market cap of about HK$3 trillion. It runs WeChat, China’s most popular messaging app, and has toes dipped in payment systems as well as advertising.
Chinese Big Pharma firms are benefiting from Beijing policies that are speeding up drug approvals and incentivising discovery of new products.
HSBC said it is looking to reduce its wage costs by 4 per cent in 2019 and expects severance costs of US$650 million to US$700 million over the course of the year.
HSBC said it is looking to reduce its wage costs by 4 per cent in 2019 and expects severance costs of US$650 million to US$700 million over the course of the year.
Vivendi, Universal Music’s parent, has been looking to sell up to 50 per cent of the business. The Tencent deal will value the label at US$33.6 billion.
Vivendi, Universal Music’s parent, has been looking to sell up to 50 per cent of the business. The Tencent deal will value the label at US$33.6 billion.
CLP reported a net loss of HK$907 million (US$116 million) for the first half, on the back of a HK$6.38 billion impairment on its Australian retail business
CLP reported a net loss of HK$907 million (US$116 million) for the first half, on the back of a HK$6.38 billion impairment on its Australian retail business