HSBC's interim results have analysts on tenterhooks: many ask how banking giant, seen widening provisions 128% in '98, will spread out write-offs

Article Abstract:

Hong Kong stock market analysts are divided over their projections for banking giant HSBC Holdings PLC, especially puzzled over how the banking giant manages its HK$17.8 bil in provisions for 1998. Two scenarios are being mulled by analysts as the possible course for HSBC's provisions, one is the delay in reporting the write-off and the other a gung-ho immediate write-off. Whichever course the bank takes, analysts are unanimous in rating HSBC stocks as a buy for long-term investment. HSBC is expected to post either a 9% drop in net profits or a 1% increase, depending on how HSBC handles the provisions.

Securities industry, Hong Kong, HSBC Holdings PLC

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McDonald's franchiser in Indonesia invokes Islam links as students protest

Article Abstract:

As anti-American sentiment grows in Indonesia due to the U.S. military strikes in Afghanistan, McDonald's Corp. franchise owner Bambang Rachmadi is taking precautions to ensure safety at his restaurants. He has ordered signs up at all eighty-five of his restaurants declaring that the owner is an Indonesian-born Muslim. He explains to protesters that his business is a locally-owned Muslim restaurant, employing only Indonesians and serving locally grown food that fits the standards of Muslim laws.

Marketing procedures, Eating places, Limited-Service Restaurants, Fast Food Hamburger Restaurants, Social Cause Advocacy, Out-of-Home Advertising, Marketing, Influence, Fast food restaurants, Demonstrations and protests, McDonald's Corp., MCD, War on Terrorism, 2001-

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Planned Indonesian IPO snags on price, political concerns

Article Abstract:

The initial public offering of PT Bank Central Asia has been postponed by the Indonesian Bank Restructuring Agency, the International Monetary Fund, and the World Bank. It is feared the deal implies governmental bias towards the bank and its former owner, Anthony Salim.

Government regulation (cont), Organizational history, Standards, Statistical Data Included, International Monetary Fund, Economic policy, World Bank, Public opinion, Indonesia. Bank Restructuring Agency, Salim, Anthony, P.T. Bank Central Asia

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