Top Stories
Latest News
Carlyle's Hexaware Technologies seals $1bn India IPO
1739946480 from FINASIA
The global IT services firm, which uses AI, is still majority owned by Carlyle; the listing on the BSE and NSE is the largest technology services IPO and largest sponsor-owned IPO in India. There were five banks involved.
HSBC pre-tax profit climbs 6.6% to $32.2bn; plans $1.5bn cost savings by end of 2026
1739934480 from FINASIA
HSBC's chief executive Georges Elhedery said the bank is on track to make $300m of savings by the end of 2025; the London-headquartered bank has also exited its Bahrain retail business and announced a $2bn share buyback.
Nissan downgrades FY forecast as Honda deal terminated
1739500500 from FINASIA
Nissan is expecting a net loss of ¥80bn for the current fiscal year as the Japanese giant moves ahead with ¥400bn of cost savings, including reducing global capacity by 20%, with progress already made in China.
Trump’s steel tariffs fuel Apac uncertainty
1739266860 from FINASIA
Retaliatory tariffs, a stronger dollar and several u-turns from the Trump administration are creating an uncertain outlook for 2025 and is pushing up the price of gold; meanwhile, Hong Kong and China are lodging complaints to the WTO.
Crédit Agricole CIB confirms David Maisant's Apac loan distribution role
1738824600 from FINASIA
Hong Kong-based Maisant has replaced Sébastien Pietryk as Apac head of distribution and asset rotation, overseeing the bank's Apac loan activities; Pietryk has moved onto a different role at the bank.
Analysis: How DeepSeek’s AI model is driving investors into an uncomfortable reality
1738652280 from FINASIA
The release of a competitive low cost large language models not only shifts the AI narrative away from expensive hardware, but also prompts debate about a potential inflection point for fund managers, with some models potentially not surviving.
Updated: China hits back with retaliatory tariffs on US products
1738544220 from FINASIA
After US president Donald Trump issued executive orders to place 25% tariffs on Mexican and Canadian imports (now delayed) and 10% on Chinese goods (starting February 4), China has now retaliated with tariffs on US coal, gas, crude oil and more.
BII, FMO and SUSI Partners team up to support SEA's energy transition
1737970380 from FINASIA
Sustainable Asia Renewable Assets launched by British International Investment, development bank FMO and investment manager SUSI Partners with tens of millions of dollars of backing; Vietnam's Dam Nai wind farm will become its cornerstone asset.
Hang Lung Properties secures HK$10bn loan from banks; 2024 profit dips
1737450540 from FINASIA
The Hong Kong property developer secured the deal with a consortium of international, Chinese and local banks; the company cited "challenging" market conditions in mainland China and Hong Kong as 2024 profits fell 25%.
Trump begins with flurry of executive orders and threat of tariffs
1737448140 from FINASIA
The new US president issues orders for the US to leave the World Health Organisation and Paris climate agreement, with digital app TikTok emerging as one potential leverage point between the US and China over tariffs.
Analysis: What a crypto friendly White House means for Asia’s digital assets
1737442380 from FINASIA
Even as the market cap for digital currencies rises, experts say regulators in Asia will prioritise a prudent oversight path rather than follow Washington in lockstep; HK and Singapore's rivalry is set to continue.
Convergence between traditional finance and crypto native players ramps up
1737441000 from FINASIA
DLT’s potential to drive transaction efficiency is more widely acknowledged, while some crypto native players are looking to tap into traditional financial products; however, Apac’s regulatory framework is fragmented.
China intent on ‘proactive’ reforms after tough 2024
1736834820 from FINASIA
Slowing loans, M&A and ECM hit banks' fees last year. Technology, exports and bonds are bright spots, while Hong Kong is increasingly being seen as a place to raise foreign capital. PBOC's governor Pan Gongsheng wants a proactive policy approach.