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HSBC has announced the sale of its group headquarters building to the National Pension Service of Korea (NPS) for £772.5 million.
HSBC has been voted Best Cash Management Bank in the Middle East in the Euromoney Cash Management Poll 2009. Now in its 9th year, the poll recognises the leading cash management banks in the...
UK Consumers Least Worried About Climate Change, Says Global Surve - press release by Press Dispensary
Marsh & McLennan , the second-largest global insurance broker by assets, is exploring a deal to buy part of HSBC's insurance business, the Daily Telegraph reported in its
http://uk.news.yahoo.com/22/20091124/tbs-uk-hsbc-telegraph-pickup-03c9bed.html
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Nov 26, 2009 (Datamonitor via COMTEX) --
HSBC Bank China Company has joined in the underwriting group for renminbi-denominated bonds that have been issued by Bank of Shanghai.
The RMB5 billion total issuance includes a RMB2 billion three-year fixed-rate tranche set at 3.65% and a RMB3 billion five-year floating-rate tranche set at 92 basis points above the People's Bank of China one-year deposit rate. HSBC has an 8% stake in Bank of Shanghai.
David Liao, managing director and head of global markets at HSBC China, said: "We are excited to be able to work with leading local institutions to participate in the underwriting of financial bonds. There is tremendous growth potential in China's debt capital market and we will endeavor to be a contributing member of the underwriting community."
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Tags: bank bonds china community debt local renminbi shanghai
Nov 25, 2009 (Al-Bawaba via COMTEX) --
The Arab Bankers Association of North America (ABANA) will present Mr. Youssef A. Nasr, Chairman of HSBC Bank Middle East Limited, with its 2009 Achievement Award during a gala dinner on Thursday, December 10, 2009.
Since 1985, ABANA has presented the Achievement Award to exceptional individuals or groups who have made significant contributions to the financial services industry in the Arab world, or individuals of Arab descent who have made equally considerable contributions to the field in general. Previous recipients have included (from the most recent): Abdul Aziz Al-Ghurair, CEO of Mashreq Bank Riad Salame , Governor of the Central Bank of Lebanon (for the national banking system) Dr. Mohamed El-Erian, CEO and Co-CIO of Pimco Faisal Hamad Al Ayyar, Vice Chairman of KIPCO Lubna Olayan, CEO of Olayan Financing Co. Dr. Richard Debs, former founding President of Morgan Stanley International Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Co. This year, with its 23rd Achievement Award, ABANA is honored to celebrate Mr. Nasr's achievements. As Chairman of HSBC Bank Middle East Limited, he is responsible for the Group's operations across the Middle East and North Africa. Before this role, he had served as the bank's Chief Executive Officer since 2007.
"ABANA is honored to present the 2009 Achievement Award to Mr. Nasr for his illustrious international banking career and his substantial accomplishments," said Wa'el Chehab, President of ABANA.
Mr. Nasr joined HSBC Holdings plc (NYSE: HCS) in 1976. He became President and CEO of HSBC Bank Canada in 1997, President & CEO of HSBC USA Inc. and HSBC Bank USA in 1999, and President of HSBC Bank Brazil in 2003. He became Group General Manager in 1998 and Group Managing Director in 2004.
Mr. Nasr holds a degree in Mathematics from Cambridge University (UK), and an MBA from Harvard University (US). Born in 1954 in Beirut, Lebanon, he is married and has two sons.
The award dinner, to be held at the Waldorf Astoria in New York City, will begin with a reception at 6:00 p.m. and gala dinner at 7:00 p.m. For more information about the event, including attendance and corporate sponsorship opportunities, please visit www.arabbankers.org.(C) 2009 Al Bawaba (www.albawaba.com)
Tags: bank banking brazil canada career ceo contributions corporate lebanon middle east new_york north america nyse president university
Companies: Morgan Stanley (MS)
LONDON, Nov 25, 2009 (PR Newswire Europe via COMTEX) --
Expats Reveal UK is an Entertainment Hotspot but Region Still Struggles on Overall Quality of Life
Key findings
- Employment prospects keep expats in the UK
- Largest global survey of expats ranks UK lifestyle 23rd out of 26th
countries
- Canada is the best place to live as an expat for overall lifestyle
- Established markets outperform emerging markets
- Expats generally lead a better life than non-expats
HSBC Bank International today revealed the findings of the world's largest survey of expats, Expat Explorer.
Expat Experience, the second report in the Expat Explorer research, showed that expats in Canada have the best quality of life and found it among the easiest places in the world to integrate with the local population. Australia and Thailand also ranked in the top three countries, when life as an expat was compared with life in their home country.
Interestingly, a number of countries in emerging markets scored poorly, with Russia and India propping up the bottom of the league table.
Commenting on this, Betony Taylor, Corporate Communications Manager for HSBC Bank International, said that the second report revealed fascinating insights into expats' priorities, particularly when financial gain is taken out of the equation.
"We have seen that there is a distinct trade-off between income and overall quality of life, as many of the top performers in our first report, which examined the best places to make and save money, have scored towards the bottom of this report's league table."
"What is clear is that the locations where salaries may not be as high, such as Canada and Australia, are where expats are really enjoying not only an increased quality of life but are also finding it easy to fit in to their new communities."
UK continues to perform poorly but holds the entertainment crown
As it did in 2008, our research revealed that the UK was one of the lowest ranked locations when it comes to expat lifestyle. Two-fifths (41%) of expats in the UK find it difficult to find somewhere to live, compared to a 28% average across all regions surveyed. Less than one-fifth (16%) of expats in the UK found that the quality of their accommodation had increased since moving, compared to the majority (58%) noticing a decrease in quality.
Around a third (31%) of expats living in the UK claimed that their health has deteriorated since moving there. One factor that could have contributed to this is the commute to work - over half (53%) of UK-based expats claim that this has become worse.
Despite this, the UK does hold the crown for being expat entertainment capital of the world, with over half (58%) of expats in the UK saying that the quality of entertainment had increased. 62% of expats also said that employment prospects were the main reason keeping them in the region.
Get involved
Are you an expat? Follow the updates and join the debate online:
Tweet at: http://twitter.com/expatexplorer
Share your experiences: http://expatexplorer.blogspot.com/
Read the report in full: http://www.offshore.hsbc.com/expatexplorer
Media enquiries to:
Betony Taylor
Head of Corporate Communications
HSBC Bank International
+44(0)1534-606004
betony.taylor@hsbc.com
Tim Mullen
Hill & Knowlton
+44(0)207-413-3465
tim.mullen@hillandknowlton.com
Media enquiries to: Betony Taylor, Head of Corporate Communications, HSBC Bank International, +44(0)1534-606004, betony.taylor@hsbc.com; Tim Mullen, Hill & Knowlton, +44(0)207-413-3465, tim.mullen@hillandknowlton.com
Tags: australia bank canada communications corporate employment entertainment health india media money online population research russia salaries thailand trade
SYDNEY, Nov 16, 2009 (Asia In Focus via COMTEX) --
One of the world's biggest banks, HSBC HOLDING PLC, has merged its global markets and banking operations in Australia, appointing one executive to lead the combined division. HSBC BANK AUSTRALIA appointed Tony Cripps, who has been with the bank since 1986, as head of global banking and markets, according to a statement on Monday.
* The global banking and markets division encompasses sales and trading, debt finance and advisory, institutional wealth management and relationship management of corporate and institutional clients.
* "Our Global Banking and Markets business combines an in-depth understanding of the industries in which our Australian clients operate with international sector and product specialists, putting HSBC in its global entirety to work for each of our clients," HSBC Australia's chief executive Paulo Maia said in the statement.
Tags: australia banking business corporate debt executive finance sales
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MUMBAI: Global banking major, HSBC has retained its India GDP growth forecast of 6.2 per cent in FY’0 but hiked the outlook for next fiscal by 0.5 per cent to 8.5 per cent given the economic recovery. “We have decided to leave the FY’10 GDP growth forecast of 6.2 per cent unchanged.
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The World Business Council for Sustainable Development (WBCSD) is a coalition of some 175 international companies united by a shared commitment to sustainable development, i.e. environmental protection, social equity and economic growth.
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HSBC agrees sale of 8 Canada Square HSBC Bank plc, a wholly owned subsidiary of HSBC Holdings plc, has agreed the sale of 8 Canada Square, Canary Wharf, London to the National ...
Get the latest on HSBC Holdings plc (ADR) including up to date news, high quality discussion groups and more on Google Finance.
With roughly $9 billion lined up from lenders including Citgroup Inc., Deutsche Bank AG and HSBC Holdings PLC, Kraft could top a bid from Hershey.
http://www.msnbc.msn.com/id/34069986/ns/business-us_business/