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Saturday, 29 April 2017

Traffic passes a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia.

1MDB, IPIC agree settlement

IFR Asia 989 - April 29, 2017

Controversial state investment fund 1Malaysia Development and the Abu Dhabi vehicles involved with one of its offshore bond issues have reached a settlement, bringing months of uncertainty to an end for bondholders.

A logo of HSBC is displayed outside a branch at the financial Central district in Hong Kong, China.

HSBC sees better times ahead

IFR Asia 989 - April 29, 2017

HSBC Holdings said it has effectively completed its multi-year restructuring and stands to benefit from higher interest rates, as it tried to assuage investors’ concerns about its struggle to improve profitability and increase revenues.

Credit Suisse posts weaker Q1 in Asia

Credit Suisse posts weaker Q1 in Asia

IFR Asia 989 - April 29, 2017

Credit Suisse posted a 44% drop in net income in Asia Pacific during the first quarter as its market business continued to weigh on its performance.

A man walks past the head office of Standard Chartered bank in the City of London.

StanChart markets revenues dip 10%

IFR Asia 989 - April 29, 2017

Standard Chartered’s financial markets revenues fell 10% last quarter from a year earlier as it suffered a sharp drop in forex income, lagging other investment banks and taking the shine off a rise in profits due to lower loan losses.