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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 683.70
Bid: 685.50
Ask: 685.70
Change: -13.30 (-1.91%)
Spread: 0.20 (0.029%)
Open: 691.00
High: 693.80
Low: 680.80
Prev. Close: 697.00
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Judgment on key aspect of Huawei CFO's extradition trial in Canada due next Wednesday

Thu, 21st May 2020 22:16

By Moira Warburton

May 21 (Reuters) - A decision on a key legal aspect of the
trial over whether Huawei Technologies Chief Financial Officer
Meng Wanzhou can be extradited to the United States from Canada
will be announced next Wednesday, the British Columbia Supreme
Court said on Thursday.

Meng was arrested in December 2018 at Vancouver
International Airport at the request of the United States on
charges of bank fraud, and is accused of misleading HSBC
about a Huawei Technologies Co Ltd-owned
company's dealings with Iran.

Meng, 48, has said she is innocent and is fighting
extradition.

The case has strained relations between Ottawa and Beijing.

The judgment will deal with the charge of double
criminality, deciding whether Meng's actions were crimes in both
Canada and the United States at the time of her arrest.

Meng's lawyers argued that unlike the United States, Canada
did not have sanctions against Iran at the time Canadian
officials authorized the start of the extradition process,
meaning Meng's arrest did not meet the legal standard of double
criminality.

Canadian prosecutors have argued that Meng should be
extradited on fraud charges, and that contrary to her defense
argument, the case is not solely about a violation of U.S.
sanctions against Iran.

Should the judge rule that Meng's actions were not a crime
in Canada, the rest of the case "dies," said Gary Botting, a
criminal defense lawyer and extradition expert based in
Vancouver. "If the double-criminality standard falls, she gets
to go home. Not just walk but fly."

Arguments on the double-criminality charge took place in
January in Vancouver.

A court memo on Thursday said British Columbia Supreme Court
Associate Chief Justice Heather Holmes would preside over an
in-person court appearance by Meng and the other parties, once
the decision is released at 11 a.m. PDT (1800 GMT) next
Wednesday.

A second phase of the trial, focusing on abuse of process
and whether Canadian officials followed the law while arresting
Meng, is set to begin in June. Closing arguments are expected in
the last week of September and the first week of October.

It could be years before a final decision is reached, since
Canada's justice system allows many decisions to be appealed.
(Reporting by Moira Warburton in Toronto; Editing by Denny
Thomas and and Peter Cooney)

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8 Jan 2024 07:14

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

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1 Jan 2024 16:17

HSBC completes sale of retail banking business in France

Jan 1 (Reuters) - HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement on Monday.

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1 Jan 2024 11:21

HSBC transfers retail bank in France to private equity firm Cerberus

(Alliance News) - After more than two years, HSBC Holdings PLC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus Capital Management LP.

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22 Dec 2023 16:28

Rai Way investors seek update on mooted TV towers tie-up - sources

Tie-up with EI Towers would create national leader

*

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22 Dec 2023 14:58

Rai Way investors seek update on mooted TV towers tie-up - sources

MILAN, Dec 22 (Reuters) - A group of investors holding around 10% of Rai Way's MI> capital has asked for the board of the state-owned Italian TV towers group to provide an update on a long-mooted combination with rival EI Towers to create a national champion, sources said on Friday.

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22 Dec 2023 10:59

South Korea fines two global banks for short-selling rule breaches

SEOUL, Dec 22 (Reuters) - South Korea's financial regulator said on Friday that it would fine two unnamed global investment banks and one local brokerage a record 26.5 billion won ($20.41 million) in total for naked short selling.

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22 Dec 2023 09:01

LONDON MARKET OPEN: Stocks snowed under; UK on brink of recession

(Alliance News) - Stock prices in London opened lower on Friday, with investors not feeling in a festive mood ahead of US inflation data.

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22 Dec 2023 07:50

LONDON BRIEFING: UK on brink of recession as economy contracts in Q3

(Alliance News) - Stocks in London are likely to open lower on Friday, with investors feeling frosty ahead of a US inflation print this afternoon, amid sobering UK economic growth data.

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22 Dec 2023 07:02

Canada govt approves $13bn sale of HSBC local unit to RBC

(Sharecast News) - The Canadian government has approved the $13.5bn takeover of HSBC Canada by RBC, allowing the sale to proceed despite calls for it to be blocked over fears of reduced competition in the sector.

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22 Dec 2023 06:32

HSBC eyes special payout as Canada OKs USD10 billion unit sale to RBC

(Alliance News) - HSBC Holdings PLC on Friday said the sale of its business in Canada to Royal Bank of Canada has received approval from the Canadian minister of finance, enabling the deal to proceed.

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22 Dec 2023 01:34

Canada approves RBC's deal for HSBC Canada, with conditions

Dec 21 (Reuters) -

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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