by Nehad Kenanie | Mar 1, 2017 | Asia, China, Foreign Exchange, Investment, Regulatory & Government, Uncategorised
(28 February 2017 – Hong Kong) China has announced that it will ease rules on offshore institutional investors hedging currency risks in the domestic forex market. The move aims to address a major hurdle that has deterred foreign investors from buying...
by Nehad Kenanie | Feb 24, 2017 | Australia, Investment, Regulatory & Government, Uncategorised
(24 February 2017 – Australia) The Queensland Treasury Corporation (QTC) has commissioned Bank of America Merrill Lynch, ANZ and National Australia Bank to execute its first ever green bond issuance.Treasurer and Minister for Trade and Investment, Curtis Pitt,...
by Nehad Kenanie | Feb 23, 2017 | Financial Results, Global, Uncategorised
(23 February 2017 – United Kingdom) HSBC has reported an 82 percent drop in annual net profits, blaming one-off items including multibillion-dollar writedowns in Switzerland and Brazil.The bank said that falling global trade and slowing growth in its main...
by Nehad Kenanie | Feb 23, 2017 | Australia, Internet Banking, Investment, Lending, Uncategorised
(23 February 2017 – Australia) Online fintech lender, Prospa has raised A$25 million of new equity to support growth it has revealed.The capital raising was led by venture capitalist firm AirTree Ventures, and values the company at A$235 million. The deal is the...
by Nehad Kenanie | Feb 22, 2017 | Asia, Financial Results, Hong Kong, Uncategorised
(22 February 2017 – Hong Kong) Hong Kong-based Hang Seng Bank reported financial results in line with market expectations.In 2016, net profit fell 41 percent to HK$16.21 billion (A$2.7 billion). The decline would be more moderate, at four percent, if discounting...
