HSBC aims to expand China presence

HSBC's plans, according to Gulliver, are either to lift its holding in Bank of Communications, one of China's big five banks, from 20 percent if given regulatory approval or increase its mainland China branch network from 110 to about 800.


Citi to provide administration services for Credit Suisse unit

As part of the mandate, a portion of the middle office operations within Credit Suisse's Asset Management division will be fully transitioned onto Citi's service platform, which includes operations, technology and data management capabilities.


Billionaire Talking With Wealth Funds on Gold Stake

Colombia’s gold deposits have attracted investment from Batista and AngloGold Ashanti Ltd, the third largest producer of the metal, after record prices and improved security following a government crackdown on drug-funded rebels.


Fine wine as an alternative investment

However, one should know that wine is not only a drink that gives pleasure to ones taste buds; it also has the ability to generate returns for investors.


IGM posts 21-per-cent profit increase

And fund sales in the current registered retirement savings plan (RRSP) season are not as buoyant as early 2011 because investors are still jittery due to last year’s stock market volatility, IGM Financial executives told analysts on Friday.


De Beers profits from diamond boom

De Beers produces more than a third of the world's rough diamonds from mines in South Africa, Botswana, Namibia and Canada


London Luxury-Home Prices Rise as Foreign Buyers Seek Haven

Values of houses and apartments costing an average of 3.7 million pounds ($5.8 million) rose by an average of 0.9 percent from the previous month, the London-based broker said in a report today. Prices advanced almost 12 percent from a year earlier.


Credit Suisse’s AM Releases Q1 2012 Alternatives Quarterly

Mr. Keitel believes that equity markets are further trending in positive direction due to improved global macroeconomic conditions, stabilizing policy measures taken in Europe, and the European Central Bank’s strong liquidity support for Eurozone ba


Silver Eagle Bullion Coin Sales Top 6 Million

After two slower months, sales of the United States Mint’s American Silver Eagle bullion coins rocketed higher in January 2012 to more than 6 million ounces. Sales of American Gold Eagles also jumped, reaching 127,000 ounces.


Hedge funds brace for euro zone break-up

Managers are also trying to dig out old computer programs they once used to model the behavior of currencies such as the drachma or the deutschmark as they prepare for an event for which -- even after the 2008 collapse of Lehman Brothers -- they effective


Gottex to cut paypackets despite beating its industry

The company is continuously reviewing its cost base and operating efficiencies and in light of the slowdown in asset flows, management will be targeting a further 15% of operating efficiencies in 2012 on a like for like basis, predominantly through reduce