Thursday, 22 March 2018

Thomas Blott' s stories

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  • The company logo of Hong Kong Exchanges & Clearing Ltd (HKEx) is displayed outside its exhibition hall in Hong Kong

    HKEx plans blockchain marketplace for pre-IPO fundraising

    Ticker | 03 August 2017

    Hong Kong Exchange and Clearing plans to launch a new blockchain-based platform for companies to raise pre-IPO financing next year.

  • Mitsubishi UFJ Financial Group Inc in Tokyo

    MUFG reports 53% surge in quarterly profit

    Ticker | 01 August 2017

    Mitsubishi UFJ Financial Group reported a 53% increase in first-quarter profit, led by gains from the sale of equity investments, lower bad-debt costs and higher gains from its overseas affiliates.

  • A logo of HSBC is displayed outside a branch at the financial Central district in Hong Kong, China.

    HSBC pledges more buybacks after profit rise

    Ticker | 31 July 2017

    HSBC is to buy back US$2bn of its shares after reporting a 5% rise in half-year profits, and said repurchases of its stock could become a regular feature in the future.

  • Profits up at Singapore banks

    People & Markets | 28 July 2017

    Two of Singapore’s big three banks last week reported solid profit gains in a sign that the city’s lenders may finally be overcoming the effects of last year’s commodities downturn.

  • China's CCB sets up debt-for-equity swap unit

    People & Markets | 28 July 2017

    China Construction Bank has become the first mainland bank to get China Banking Regulatory Commission approval to open a subsidiary to issue debt-for-equity swaps.

  • Noble accelerates asset sales

    People & Markets | 28 July 2017

    Noble Group is looking at selling off more assets to retire US$3bn in outstanding debt, while seeking a waiver from lenders on covenants for a loan due next year, the struggling Hong Kong-based commodities trader said last week.

  • Australia raises bank capital ratios

    People & Markets | 21 July 2017

    Australia’s big four banks breathed sighs of relief last week after the latest review of capital requirements dampened fears of a shortfall in their common equity ratios.

  • Liquidity concerns hit China stocks

    People & Markets | 21 July 2017

    China’s technology-focused ChiNext index plunged last week as fears mounted over tightening liquidity following President Xi Jinping’s pledge to reduce risks in the financial system.

  • A woman walks past the Essar headquarters building in Mumbai

    Essar loses appeal against insolvency proceedings

    Ticker | 18 July 2017

    An Indian court has rejected Essar Steel’s bid to block the start of insolvency proceedings, handing the central bank an important victory in its efforts to force banks to take action on bad debts.

  • RBS sells stake in China JV

    People & Markets | 14 July 2017

    Royal Bank of Scotland has agreed to sell its 33.3% stake in Chinese joint venture Hua Ying Securities to partner Guolian Securities for Rmb354m (US$52m).