Hsbc Holdings Stock News

SHANGHAI: China''s yuan hovered at a three-week high against the dollar on Monday on rising hopes for an improvement in Sino-US relations, while sightly better-than-expected October activity indicators also lent support to the local currency. Traders said the main focus would be a virtual meeting between US President Joe Biden and his counterpart Xi Jinping on Tuesday, with some investors raising their bets for partial removal of tariffs. "If Sino-US relations improve further, the yuan will continue strengthening," said Li Liuyang, chief currency analyst at China Merchants Bank, though he added that 6.35 per dollar could provide strong resistance for the yuan in the near-term. Prior to market opening, the People''s Bank of China (PBOC) set the midpoint rate at 6.3896 per dollar, 169 pips or 0.26% firmer than the previous fix of 6.4065, the strongest since Oct. 27. The firmer official guidance pushed the yuan''s value against it major trading partners to 101.33, the highest level since Dec. 18, 2015, according to Reuters calculations based on official data.

Pictet''s wealth management division has made a raft of hires covering the North Asia market out of both Hong Kong and Singapore, according to an internal memo seen by finews.asia . In Singapore, Pictet Wealth Management (PWM) has formed a new team covering North Asia with three former UOB private bankers, according to an internal memo seen by finews.asia . UOBs ex-North Asia market head Eric Phua has been appointed market group head, reporting to head of South Asia Sharon Chou . Phua has over 20 years of private banking experience and, in addition to UOB, previously also worked for Citi Private Bank a Citi International Personal Bank in Singapore covering the China and Taiwan markets. UOB Trio Joining Phua from UOB Private Bank are Jaime Ang as market leader and Bernard Bay as a senior private banker. Ang was most recently a senior client advisor at UOB covering private banking clients from North Asia for 10 years. Previously, she was also a senior relationship manager at Citi International Personal Bank and DBS.

First Savings Financial Group (NASDAQ:FSFG) and HSBC (NYSE:HSBC) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, institutional ownership, valuation, dividends, risk and earnings. Institutional and Insider Ownership 9.7% of First Savings Financial Group shares are held by institutional []

Morgan Stanley reiterated their equal weight rating on shares of Subsea 7 (OTCMKTS:SUBCY) in a research note published on Thursday morning, The Fly reports. Other equities research analysts also recently issued reports about the company. HSBC upgraded Subsea 7 from a hold rating to a buy rating and decreased their price objective for the company []