作者: bankr

  • Wall Street falls sharply for second day on virus fears

    Wall Street falls sharply for second day on virus fears
    S&P 500 dips 3% and Treasury yields touch record low after US, Japan, Italy warnings

  • KPMG will remodel its advisory business in Hong Kong to meet customers’ need for advice on technology and innovation

    The firm will redeploy some members of its advisory team to other departments, letting 40 staff go in the coming days, according to two sources familiar with the matter

    KPMG, one of the world’s four largest accounting firms and professional services network, will make 40 jobs redundant at its advisory business in Hong Kong as it remodels its consultancy operation, according to two people familiar with the plans.
    The staff affected, representing 2 per cent of the firm’s headcount in Hong Kong and 4 per cent of the positions in the advisory business, will be let go in the coming days, according to the sources, who declined to be named for speaking of a confidential matter.
    Some employees will be reassigned to different departments, while 40 will be let go. Some staff members in specific posts will be given additional time to ensure a smooth transition, the sources said. KPMG’s spokeswoman did not immediately provide a comment.
    KPMG, with its global headquarters in the Netherlands, wants to focus its advisory business on technology, transformation, value creation, innovation and financial services, which would necessitate letting go of the team that handled general analysis and traditional advisory, the sources said.
    The move is to remodel KPMG to enable its advisory business to have a better focus to meet customers’ needs, particularly in the areas of innovation and technology upgrades, they said.
    Hong Kong was the world’s largest destination for initial public offerings (IPOs) in 2019 for the seventh time in 11 years. That level of fundraising activity has created an ecosystem of financial and professional services comprising bankers, brokers, accounts, auditors and management consultants.
    “There is strong demand for accounting services,” said Johnson Kong Chi-how, president of the Hong Kong Institute of Certified Public Accountants (HKICPA), in an interview with South China Morning Post last week. “Besides the normal audit and due diligence services, many accounting firms are also in demand for debt restructuring and other advisory services for improving operational efficiencies amid an economy downturn.”

  • 英国最大零售业者乐购(Tesco)(TSCO.L)已经将中国合资事业的20%股权卖给合资伙伴华润集团旗下公司,由此获得2.75亿英镑(3.57亿美元)资金,并完全退出中国

    英国最大零售业者乐购(Tesco)(TSCO.L)已经将中国合资事业的20%股权卖给合资伙伴华润集团旗下公司,由此获得2.75亿英镑(3.57亿美元)资金,并完全退出中国。

    乐购在2014年与华润集团合资设立Gain Land,从那时开始逐步退出中国。

    乐购周二表示,卖出这部份股权将可使公司进一步简化业务,并专注于核心业务的运营。乐购称售股收入将用于一般公司用途。

  • 淡马锡控股(Temasek Holdings)全体员工将冻结加薪,高级管理层也可选择削减基本工资

    淡马锡控股(Temasek Holdings)全体员工将冻结加薪,高级管理层也可选择削减基本工资。

    员工原本的加薪预算及高层自愿减薪的金额都将捐作慈善,在2019冠状病毒疾病(COVID-19)疫情肆虐之际协助有需要的群体。

    淡马锡昨天(2月24日)宣布,在来临4月份的薪酬行动中,旗下全体员工,包括升级者的加薪都将被冻结。

    执行总经理及以上的高级管理层则获准可自发性地削减基本工资,最高可达5%,最长为期一年。此外,高层今年的年度花红也将被削减。

    淡马锡将把原本给员工加薪的预算悉数捐给集团属下的员工志愿组织——淡马锡关爱意愿团(T-Touch)。高层自愿减薪的金额,集团也会以一对一的方式,捐给关爱意愿团。

    这笔慈善捐款将在冠病疫情期间用于支援社区的各种活动。淡马锡关爱意愿团正在进行的一项计划是为前线工作者提供洗手液,协助他们抵抗病毒。

    2019冠病疫情冲击区域经济,贸工部在上周把今年全年的经济增长预测下调到负0.5%至1.5%之间。近期发布业绩的淡马锡控股旗下投资组合公司如新加坡航空、新电信及星展集团等都表示业务受到一定程度的冲击。

    淡马锡在疫情带来挑战之际采取冻薪及减薪计划,除了体现节制,也对旗下投资组合公司表达共体时艰的态度。据了解,通过让高层自发性减薪以为慈善出力的计划才宣布不久,就获得良好的回应。

  • 澳元兑美元汇率跌至66.11美分,这是自2009年3月以来的最低水平

    澳元兑美元汇率跌至66.11美分,这是自2009年3月以来的最低水平。

    在失业率无预兆地大幅上涨后,澳元跌至11年来的低点。这是自全球金融危机以来的最糟糕水平。

    澳大利亚统计局(ABS)昨日发布的数据显示,尽管创造的就业岗位好于预期,但失业率却从5.1%跃升至5.3%。

    联邦储备银行(RBA)去年连续三次降息,使利率达到了创纪录的最低点——0.75%。RBA表示,近期持续上升的失业率或将触发再次降息。

    道明证券(TD Securities)分析师普拉尚特·纽纳哈(Prashant Newnaha)表示,1月份的就业数据本身不足以迫使RBA再次降息,但下一步降息可能在不久的将来发生。

    “RBA的确表示,失业率‘实质性’恶化,才会导致再次降息。下一份就业报告将于3月19日发布,失业率接近5.5%的话才符合RBA可能在4月份降息的要求,” 他表示。

    “不能排除下一份就业报告中出现5.5%的失业率的可能。”

    “如果冠状病毒疫情导致了失业,同时当前66.1%的劳动参与率(译注:就业者和失业者占劳动年龄人口的比率)维持不变或有所上升,那么失业率可能会升至5.5%以上。”

    目前,至少再降息一次的可能性越来越大,澳元统计局发布就业数据后应声下跌,兑美元汇率一夜跌至一澳元兑换66.11美分,创金融危机后的汇率新低。

  • 截至2月21日,监管部门今年以来共计披露了174张2020年银行罚单(处罚对象包括银行从业者),合计罚没4817万元

    截至2月21日,监管部门今年以来共计披露了174张2020年银行罚单(处罚对象包括银行从业者),合计罚没4817万元。

    从罚单公示出来的信息来看,信贷业务违规、票据违规、违反审慎经营、违规销售依旧是银行业的痼疾。此外,还有一些过去较少披露出来的新问题在2020年也走到台前,这或许与今年银行资管转型力度加大等有一定的关系。

  • Will Morgan Stanley’s ETrade deal herald more takeovers

    Will Morgan Stanley’s ETrade deal herald more takeovers?
    The fight for middle America’s wallets is fuelling talk of further consolidation

     

  • Risks build in world’s largest bond funds

    Risks build in world’s largest bond funds
    Yield on Bloomberg Barclays US Aggregate bond index slips to 2.6%

  • Mustier rules himself out of HSBC running

    Mustier rules himself out of HSBC running
    UniCredit chief’s decision means search for CEO for Europe’s biggest lender continues

  • Virus fears push yields on long-dated US Treasuries to new low

    Virus fears push yields on long-dated US Treasuries to new low
    Flight to safety on impact of outbreak on growth and as S Korea imposes restrictions on city