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Financial Briefs: News Digest
2015
05
18
16:54
Acquisitions Alibaba’s Jack Ma In Deal for Reorient Five investors including Alibaba Chairman Jack Ma agreed to acquire a controlling stake in Hong Kong-listed Reorient Group Ltd. amid growing interest in the city’s brokerages. According to a Hong Kong stock exchange filing on Thursday, Mr. Ma’s Yunfeng Financial Hold...
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Here's why investment volume dropped in Q1 2015
2015
05
11
14:47
The market has become quieter. The Hong Kong commercial property investment market turned quieter in Q1 2015, with transaction volume falling significantly. According to a research note from CBRE, total investment turnover (including transactions worth US$10 million and above, excluding pure land site transactions) during the period decl...
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Macquarie said to cut Asia banking workforce as deals fizzle
2015
04
03
16:34
Macquarie Group Ltd plans to cut about half of its investment-banking workforce in Asia as chief executive officer Nicholas Moore reshapes the firm, people familiar with the matter said. About 80 to 90 jobs would be eliminated in the reductions, one of the people said, asking not to be identified because the decisions are confidential. J...
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Macquarie said to cut Asia banking workforce as deals fizzle
2015
04
03
16:34
Macquarie Group Ltd plans to cut about half of its investment-banking workforce in Asia as chief executive officer Nicholas Moore reshapes the firm, people familiar with the matter said. About 80 to 90 jobs would be eliminated in the reductions, one of the people said, asking not to be identified because the decisions are confidential. J...
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More Damage Expected For Hong Kong Stock Market
2015
03
27
17:58
The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had climbed almost 570 points or 2.3 percent. The Hang Seng Index closed just below the 24,500-point plateau, and now the market is looking at continued consolidation ...
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Agricultural Bank Profit Unexpectedly Falls as Economy Cools
2015
03
25
18:01
Agricultural Bank of China Ltd., the first of the nation’s biggest lenders to report fourth-quarter earnings, posted an unexpected decline in profit as net fee income fell and bad-loan provisions swelled. Profit was 27 billion yuan ($4.4 billion) in the three months ended Dec. 31, down from 28.3 billion yuan a year earlier, a Hong K...
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Essence of banking is in taking calculated risk
2015
01
05
17:51
HDFC Bank is morphing into a full-scale digital bank and is also exploring opportunities in the semi-urban and rural areas, says MD and CEO Aditya Puri. Edited excerpts of an interview with Business Today ON CHALLENGES IN RURAL AND SEMI-URBAN AREAS The challenges were in the areas of operations, product , sales and technology some thre...
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Job search headhunt hk_finance job vacancies in hong kong_headhunter hong kong-Consult DB
2014
10
21
11:57
Consult DB(http://www.consultdb.com) is a boutique search firm that provides professional recruitment services across a broad range of sectors with a major focus in the banking and finance industry. ConsultDB takes on a wholly unparalleled approach in the process of sourcing top-tier management talents for some of the world's most recogniz...
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Banks turn to college campuses for loan officer recruits
2014
10
16
11:56
A steadily improving economy and an acute shortage of experienced commercial loan officers are sending area bankers back to unfamiliar territory: college campuses. As baby-boomer lending officers start to retire, local bank executives are scrambling to fill hundreds of positions critical to reviewing, approving, or rejecting loans for al...
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Acquisitions Alibaba’s Jack Ma In Deal for Reorient Five investors including Alibaba Chairman Jack Ma agreed to acquire a controlling stake in Hong Kong-listed Reorient Group Ltd. amid growing interest in the city’s brokerages. According to a Hong Kong stock exchange filing on Thursday, Mr. Ma’s Yunfeng Financial Hold...
Macquarie Group Ltd plans to cut about half of its investment-banking workforce in Asia as chief executive officer Nicholas Moore reshapes the firm, people familiar with the matter said. About 80 to 90 jobs would be eliminated in the reductions, one of the people said, asking not to be identified because the decisions are confidential. J...
HDFC Bank is morphing into a full-scale digital bank and is also exploring opportunities in the semi-urban and rural areas, says MD and CEO Aditya Puri. Edited excerpts of an interview with Business Today ON CHALLENGES IN RURAL AND SEMI-URBAN AREAS The challenges were in the areas of operations, product , sales and technology some thre...
A steadily improving economy and an acute shortage of experienced commercial loan officers are sending area bankers back to unfamiliar territory: college campuses. As baby-boomer lending officers start to retire, local bank executives are scrambling to fill hundreds of positions critical to reviewing, approving, or rejecting loans for al...