Asian shares are sharply lower, with benchmarks in Japan, Hong Kong and South Korea tumbling more than 2% after a broad retreat on Wall Street ... ( read original story ...)
Exclusive: Chinese banks heed PBOC call to cut dollar deposit rates, say sources
China's banks are cutting the interest rates offered on U.S. dollar deposits after being asked to do so by the central bank, possibly to curtail dollar hoarding and also prop up a weakening yuan, ... ( read original story ...)
RBI imposes penalty on The Hongkong and Shanghai Banking Corporation and IIFL Samasta Finance Limited
A penalty of Rs 33.1 lakh has been imposed on IIFL Samasta Finance Limited for non-compliance with certain provisions of the ’Non-Banking Financial Company – Systemically Important Non-Deposit taking ... ( read original story ...)
Shanghai Industrial Urban Development Group Issues Profit Warning for 2024
The latest update is out from Shanghai Industrial Urban Development Group Ltd ( ($HK:0563) ). Shanghai Industrial Urban Development Group Ltd has ... ( read original story ...)
RBI imposes penalty on The Hongkong and Shanghai Banking Corporation
A penalty of Rs 33.1 lakh has also been imposed on IIFL Samasta Finance Limited for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit ... ( read original story ...)
RBI penalises HSBC, IIFL Samasta Finance over compliance lapses
The Reserve Bank of India has imposed a ₹66.6 lakh penalty on HSBC for non-compliance with KYC norms and other directions. IIFL Samasta Finance was also fined for regulatory lapses. ( read original story ...)
China’s Chery Auto files IPO application in Hong Kong
China's Chery Automobile has submitted an application for an initial public offering in Hong Kong, according to a prospectus published on Hong Kong Stock Exchange on Friday. The IPO has CICC, Huatai ... ( read original story ...)