HSBC Holding News

HSBC chairman Stephen Green said the financial community is 'breathing a collective sigh of relief' as the festive season approaches and the global economy looks far healthier than it did this time last year.

"We have signed a deal to sell our retail and small and medium enterprises business in India, China and Malaysia to HSBC," the Web site quoted a senior RBS official as saying on condition of anonymity.

Now that U.S. President Barack Obama has given fresh impetus to climate-change negotiations in Copenhagen, corporate leaders supporting an agreement to control greenhouse-gas emissions are pressing anew for action.

Although they're not anywhere near at risk as their British counterparts, Citigroup Inc.

Broad selling pressure undercut the stock market and left it to trade with modest losses.

Good interview here with Arjuna Mahendran from HSBC . While markets appear to have panicked over the Dubai news, this default would actually be a very small bump in the road, in terms of the bigger picture.

Black Friday got a little darker for Dubai as the nation requested a six-month stand-still agreement on its debt.

Focus this week may remain on the fallout from the potential Dubai debt default, which saw the Hang Seng Index lose 1,000 points on Friday.

These nations are the most hospitable to expatriates, according to a new report.

Asian stocks rebounded by about 3% on Monday morning as investors brushed off fears of contagion from the Dubai debt crisis.

Markets may have overreacted to news Dubai World would seek to delay repayment of its estimated $60 billion in debt, debt-watchers said.

The Arab Bankers Association of North America 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.

Las Vegas Sands Chairman Sheldon Adelson and his wife Miriam present a gift to Ronald Arculli, chairman of Hong Kong Exchanges and Clearing Ltd, during the company's listing ceremony at the Hong Kong stock exchange yesterday.

The "World" and "Palm" islands off the coast of Dubai. A senior Dubai official defended on November 26, 2009 his government's proposal to suspend debt payments by its Dubai World conglomerate, as ... Royal Bank of Scotland Group PLC underwrote more loans than any institution to Dubai World, the state company seeking to reschedule debt, while HSBC ...

Despite getting beat up by financial markets and media, the Dubai success story is still on track - according to some.

Financial markets were shrouded in uncertainty yesterday over the crisis in Dubai, above.

British banks have far greater exposure to potential problem debts in the United Arab Emirates than rivals in France, the United States, Japan or anywhere else, loans data show, as worries mount about the region.

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: MGM Mirage, down 45 cents to $10.56 The casino operator's joint venture partner Dubai requested a debt payment delay.

U.S. stock market futures were trading sharply lower on Friday as debt problems for Dubai spread fear across markets worldwide and as traders nervously awaited how a shortened Wall Street session after the Thanksgiving holiday would unfold.

HSBC is so tied to Hong Kong that when the bank's shares dropped sharply earlier this year a local television commentator burst into tears while reporting the news.