HSBC Holdings Plc, Europe’s biggest bank by assets, and Standard Chartered Plc fell in Hong Kong trading after Moody’s Investors Service said the turmoil in Cyprus may have negative implications for European bank ratings.
Indonesia is counting on people like Nur Hanifah, a 50-year-old widow who sells plastic buckets and inflatable kiddie pools, to help it catch Malaysia, a country one-tenth the size that leads the world in Islamic finance.
Occupy Central protesters in Hong Kong defied a 9 p.m. deadline last night to leave HSBC Holdings Plc’s Asian headquarters where they have spent more than 10 months demonstrating against income inequality.
China’s insurance regulator is set to reject Charoen Pokphand Group’s proposed $9.4 billion purchase of HSBC Holding Plc’s stake in Ping An Insurance Group Co. on concerns the group may not be able to fund the acquisition, the South China Morning Post reported.
Former Illinois Governor Rod Blagojevich’s 14-year prison sentence should send the message that the public and judges are fed up with the state’s history of corruption, said the U.S. Attorney who prosecuted the case.