Posts Tagged ‘hong kong’

I am 100 percent sure that the U.S. will go into hyperinflation – Marc Faber

Thursday, June 4, 2009 10:56 2 Comments

Below is an excerpt from a piece in Bloomberg today.
The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. [...]

This was posted under category: Inflation, Marc Faber Tags: , , , , , , , , , ,

HSBC to Pullout of US Lending; Trading Suspended in Hong Kong

Sunday, March 1, 2009 21:08 4 Comments

HSBC requested that trading of its shares be suspended in Hong Kong ahead of an “announcement of a corporate action.” The company is expected to announce the divestment of its US consumer lending business. Shares are expected to begin trading again on Tuesday.
In 2003, HSBC purchased the US consumer lending firm Household International Inc. [...]

This was posted under category: Credit, Economy, HBC Tags: , , , , , , ,
Legal Disclaimer All stock price information provided by Charting Stocks is for informational purposes only and is not intended for trading purposes. Neither Charting Stocks nor its affiliates guarantee the accuracy, completeness, or sequence of any stock price information or other data displayed or in the transmission of any stocks price information or data. The stock price information is not to be relied upon for trading, business or financial purposes and Charting Stocks and its service providers are not liable or responsible in any way for any damages, losses or costs arising from the reliance of this information or incurred as a result of the non performance, interruption or termination for any reason whatsoever of the stock price information provided. It is urged that you consult with your financial professional before making any decisions related to buying or selling securities.