LVMH grows sales as luxury shoppers show resilience
By Reuters API Published Jan 25, 2024 Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient …
HSBC
Airport Authority retail bonds to be oversubscribed, BOCHK says, but HSBC reports only ‘favourable’ demand
Airport Authority Hong Kong’s (AAHK’s) HK$5 billion (US$640 million) retail bonds are expected to be oversubscribed, but have not generated as much buzz as the green bonds the Hong Kong …
Chinese Vice-President Han Zheng meets HSBC Group chairman Mark Tucker in Beijing, urges deeper cooperation: state media
Chinese Vice-President Han Zheng met HSBC Group chairman Mark Tucker in Beijing and urged the bank to deepen cooperation with China and make contributions to Hong Kong’s status as an …
Is it time to break up luxury behemoth LVMH?
By Bloomberg Published Jan 22, 2024 When Bernard Arnault presents LVMH’s annual earnings on Thursday, investors and analysts will be hanging on to his every word as they try to …
The cheque’s end is nigh: Hong Kong’s banks set road map to phase out paper payment in their embrace of e-payments
Three years of Covid has pushed the public towards digital payments, leading to a decline in the use of cheques, said Lim, who is also the Hong Kong CEO of …
Luxury’s rebound is proving elusive as China gloom adds to warnings
By Bloomberg Published Jan 17, 2024 Luxury stock investors are facing the risk of more bad news as the likes of Burberry Group Plc and Hugo Boss AG fell short …
Hong Kong airport operator’s retail bonds take off on first day of sales, HSBC and BOCHK say
In fact, demand for the notes matched the popularity of the Hong Kong government’s green bonds issued in September last year, according to HSBC, Hong Kong’s biggest bank and a …
HSBC, Standard Chartered, Bank of China among lenders waiving fees for Hong Kong airport operator’s US$640 million retail bond
Banks and brokers are waiving a range of fees for retail investors eyeing Airport Authority Hong Kong (AAHK)’s highly anticipated HK$5 billion (US$640 million) bond, which opens for subscription on …
China stock catalysts seen lacking as economic woes run deep while Goldman bets on a 19% rebound to end 3-year slump
China’s stock market suffers from a lack of positive drivers as the new year begins and Beijing’s support efforts are likely to keep falling flat amid persistent risks, according to …
Airport Authority Hong Kong to launch US$640 million retail bond, its first in 20 years, to finance third runway
“We want to issue the retail bonds to give Hong Kong residents a chance to participate in the third runway project,” Julien Lee, executive director of finance at AAHK, said …