HSBC Holdings plc Stock News

Didi, Alibaba, Evergrande Crush Traders: What To Watch In China By Sofia Horta e Costa, Bloomberg analyst and reporter For traders, all the bad China news is hitting at once -- just as concern over U.S. tapering deflates the most speculative investments globally. Beijings demand that Didi delist its U.S. shares helped trigger the biggest plunge in the Nasdaq Golden Dragon China Index since 2008 on Friday. Alibaba, whose mysterious slump last week was already drawing attention, sank to its lowest level since 2017. The same day, Evergrande said it plans to actively engage with offshore creditors on a restructuring plan, suggesting it can no longer keep up with debt payments. Thats as stress returns to Chinas dollar junk bond market, with yields above 22%. Evergrande bonds trade near 20 cents on the dollar. The developments highlight the risks in betting that Chinese assets have already priced in negative news . HSBC, Nomura and UBS all turned positive on the nations stocks in October, citing reasons including cheap valuations and receding fear of regulation from Beijing.

The Israeli company that owns the HSBC Tower in Midtown Manhattan has found a hometown buyer in the Innovo Property Group, which has agreed to purchase the trophy asset for $855 million. Reuters is reporting that the Tel Aviv-based funding giant Israel Discount Investments announced the sale on Sunday to the company headed by Andrew Chung, taking a net loss of $45 million on the building in an attempt to boost liquidy and reduce debt The post Andrew Chungs Innovo Property Group grabs HSBC building in Bryant Park appeared first on The Real Deal New York .

Zacks Investment Research upgraded shares of HSBC (NYSE:HSBC) from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. They currently have $30.00 target price on the financial services providers stock. According to Zacks, Shares of HSBC Holdings on the NYSE have underperformed the industry over the past []

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of United Utilities Group (OTCMKTS:UUGRY) in a research report sent to investors on Thursday, The Fly reports. Other equities research analysts also recently issued research reports about the company. HSBC upgraded United Utilities Group from a reduce rating to a hold rating in a report on [] The post United Utilities Groups (UUGRY) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft appeared first on ETF Daily News .

Israel's Property and Building Corp said on Sunday it agreed to sell the HSBC Tower building in midtown Manhattan for $855 million to New York-based real estate firm Innovo Property Group, recording a

JPMorgan Chase & Co. reiterated their neutral rating on shares of Ontex Group (OTCMKTS:ONXXF) in a report published on Tuesday, The Fly reports. A number of other research analysts have also commented on ONXXF. HSBC started coverage on shares of Ontex Group in a research note on Thursday, September 9th. They set a hold rating []

HSBC downgraded shares of Air France-KLM (OTCMKTS:AFLYY) from a hold rating to a reduce rating in a research report report published on Tuesday morning, The Fly reports. Several other research analysts have also recently weighed in on AFLYY. Grupo Santander assumed coverage on shares of Air France-KLM in a report on Thursday, November 4th. They [] The post Air France-KLM (OTCMKTS:AFLYY) Stock Rating Lowered by HSBC appeared first on ETF Daily News .

The European Union fined four major banks, including HSBC Holdings PLC, $390 million, collectively, for colluding in a foreign exchange spot trading cartel.

Shares of Membership Collective Group Inc (NYSE:MCG) saw unusually-high trading volume on Friday . Approximately 10,136 shares changed hands during mid-day trading, a decline of 96% from the previous sessions volume of 257,686 shares.The stock last traded at $13.42 and had previously closed at $13.27. MCG has been the topic of several research reports. HSBC []

The post EU Fines Forex Cartel Banking Giants, Defi Not Affected Trustnodes appeared on BitcoinEthereumNews.com . The European Commission has announced a fine of 344 million against UBS, Barclays, RBS, HSBC and Credit Suisse for participating in a Foreign Exchange spot trading cartel. Foreign exchange spot

Synopsys (NASDAQ:SNPS) had its price target lifted by Robert W. Baird from $350.00 to $402.00 in a research report sent to investors on Thursday, The Fly reports. They currently have an outperform rating on the semiconductor companys stock. A number of other equities analysts have also weighed in on SNPS. HSBC reissued an average rating []

HSBC''s annual global survey of over 20,000 people, including over 13,500 employees who relocate to work abroad, has revealed the top locations for expats to accelerate their careers and achieve their professional goals. The top ten expat spots are: 1.Hong Kong 2.Singapore 3.Mainland China =3 USA 4.Jersey =4 UAE 5.India 6.Vietnam 7.Qatar 8.UK 9.Poland 10.Switzerland As the prospect of global mobility slowly begins to reopen for employees, HSBC''s 14th annual Expat Explorer study indicates that expats are feeling optimistic about their careers overseas. Many still aspire to relocate abroad for work, and the pandemic hasn''t changed their ambition - 8 in 10 expats (80%) say they intend to continue living in their host location for the next year at least, with only 7% planning to move back home. A third (33%) of expats are now optimistic about living in their host location for the next 12 months because of the career opportunities available to them and the same amount (33%) would recommend moving abroad in the next year to increase earnings.

KE Holdings Inc. (NYSE:BEKE) saw strong trading volume on Wednesday . 545,104 shares traded hands during mid-day trading, a decline of 93% from the previous sessions volume of 8,177,422 shares.The stock last traded at $20.48 and had previously closed at $20.01. Several equities research analysts recently issued reports on the company. HSBC cut KE from []

EU regulators fine Barclays (BCS), Credit Suisse (CS), HSBC and NatWest (NWG) for rigging foreign exchange markets. Since UBS Group (UBS) has revealed the misconduct, it has been saved from the fine.

The Hong Kong-based asset manager has made a senior appointment in Singapore. Value Partners has appointed James Ong as head of Southeast Asia and chief executive officer of Singapore, the company accounted in a statement this week. Ong, with 25 years of leadership and sales management experience, joins from State Street Global Advisors, where he was managing director and head of Southeast Asia. He was previously client director at HSBC Asset Management and director at UOB Asset Management, and worked at a boutique investment advisory firm and insurance companies. Important Region The company said the senior appointment is part of the groups efforts to bolster its Southeast Asia business to capture further growth in the asset and wealth management market in the Southeast Asia region. Ong will be leading the Groups institutional business for Southeast Asia, and will work alongside Wallace Tsang , the group head of intermediary business to drive the growth in Southeast Asia. Ong reports to Value Partners group president June Wong , who joined the firm in October , also from State Street.