HSBC warns that financial crisis will spread to Asia

Asia will be infected by the economic weakness spreading through the world’s leading economies, threatening the engine of global growth, HSBC has warned. Cashing in on Hong Kong gets harderSpeaking after reporting a “resilient” 28pc fall in pre-tax profits to $10.3bn (£5.2bn) for the six months to June, despite incurring a further $10bn of bad [...] continue reading world news