Latest in Tag: hsbc Highlight
Latest in Tag: hsbc
Private companies’ struggles re-emerging: HSBC
Demand from foreign markets is rising, but output and new orders are declining
Private sector companies continue to excel
HSBC says activity rising at sharpest rate in survey history
Private sector performance improving: HSBC
Output of private non-oil companies increased significantly in November.
HSBC supports local SMEs with EGP 300m fund
HSBC forecasts a modest pick-up in export growth to over 4%
HSBC cut down SMEs service
The bank sent a letter to some of its SMEs business customers terminating the services it provides.
Business News: Large banks ranked most efficient while small banks achieve fastest growth
CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans
ETA reveals top 10 taxpayers for FY 2012-2013
Banks dominate list
Value of all trades on stock exchange for Egypt’s ten largest brokerage firms totals EGP 7.1bn for February
Pioneers Holding, Beltone Financial and the Financial Brokerage Group published their stock trading information online.
Army officers face investigation for assaulting HSBC employees
The bank’s spokesperson could not provide details but said the matter was currently under investigation by the authorities
Open sesame
By Philip Whitfield “Iftaḥ ya simsim” Ali Baba says, and the mouth of the cave concealing the 40 thieves’ treasure opens wide. The poor woodcutter becomes antiquity’s biggest Lotto winner. We grow up on myths, glorious fiction, and eternity’s morality story of hope’s triumph over melancholy. The best tales have a beautiful leading lady, a …
Exporta conference: growth in Africa, decline in Europe
The fifth annual “Egypt, Trade and Export Finance” conference was held yesterday in Cairo. Trade experts, bankers and businessmen convened to discuss export and trade opportunities for Egypt, in the context of the ongoing dialogue on the country’s economy. Optimism was driven by positive factors favouring the Egyptian economy which make it able to regain …
HSBC to launch mobile banking
During a media roundtable discussion the bank’s MENA regional head of retail banking and wealth management, Francesca McDonagh, announced the bank’s plan to open three new branches this year to cope with the growing residential developments in Egypt.
China leads gloom for Asia manufacturing
Chinese government under pressure to loosen its monetary policy
Standard Chartered hid huge Iran trade: NY
New York (AFP) — New York regulators accused Standard Chartered Bank of hiding $250 billion in transactions with Iranian banks for almost a decade in violation of US sanctions. Branding the London-based global financial giant a “rogue bank,” state regulators said Standard Chartered systematically disguised foreign exchange deals with Iran in a breach of controls …
HSBC: China manufacturing shows ‘modest improvement’
Slowing economic growth in the United States and Europe’s ongoing sovereign debt crisis have dented growth in China, the world’s largest exporter
Moody’s downgrade gives edge to safe-haven banks
(Reuters) – Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that fund themselves with stable, low-cost customer deposits, while worsening the outlook for weaker banks that …
HSBC scaling down private bank in MidEast: sources
By Dinesh Nair / Reuters DUBAI: HSBC, Europe’s biggest lender, is significantly scaling down its private banking operations in the Middle East, two sources told Reuters, and HSBC said its top private banker in the region had been reassigned to London. The private bank has shrunk the number of relationship managers to around 10 from 50-60 …
HSBC says staff, customers safe after ‘minor incident’
CAIRO: HSBC bank said its staff and customers were unharmed after a “minor incident” occurred Tuesday morning outside its Sixth of October branch, according to a statement. "A minor incident occurred this morning in the Sixth [of] October area outside the offices of HSBC and the offices of another bank,” HSBC said in an emailed …
Volatile markets expected to yield growth in 2012: HSBC
CAIRO: As volatility gives way to long-term investment opportunities, a report by HSBC said Egypt’s economy will show “positive growth” in 2012 after last year’s slowdown. HSBC’s Global Asset Management Outlook for 2012 also shows the bank’s optimism regarding emerging markets. Despite a turbulent year for the global economy with the Euro zone crisis as …
HSBC Egypt is here to ‘stay and grow,’ says CEO
HSBC Egypt is moving forward with expansion plans for next year, opening up more branches and increasing the size of its staff, according to the new CEO.