The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Huawei lawyers press Canada police witness on CFO's arrest in U.S. extradition case

Tue, 27th Oct 2020 19:10

(Adds details of Meng's arrival to court, defense lawyers'
initial questions)

By Tessa Vikander and Moira Warburton

VANCOUVER/TORONTO, Oct 27 (Reuters) - Huawei Technologies Co
Ltd lawyers resumed witness testimony in a Vancouver court on
Tuesday, pushing a Canadian federal police officer to explain
why the border security officials intercepted the company's
Chief Financial Officer Meng Wanzhou before the federal police
arrested her.

Huawei's legal team took the floor on the second day of the
hearings in the British Columbia Supreme Court, where Meng is
fighting her extradition case to the United States.

The five days of scheduled hearings will focus on
allegations by her lawyers of abuses of process committed by
Canadian and U.S. authorities during her arrest in December 2018
at the Vancouver International Airport.

Meng, 48, is facing charges in the United States of bank
fraud for allegedly misleading HSBC about Huawei's
business dealings in Iran, causing the bank to break
U.S. sanction laws.

She has claimed innocence but remains under house arrest in
her Vancouver home, located in an upscale neighborhood of the
Pacific coastal city, for the duration of the trial.

Meng was questioned for three hours by Canada Border
Services Agency (CBSA) officers without any legal representation
and her electronic devices were seized before RCMP officials
arrested her, according to court documents.

On Tuesday, Meng's lawyer Richard Peck went over a series of
text messages, and emails that Royal Canadian Mounted Police
(RCMP) Constable Winston Yep sent and received before arresting
Meng, as well as the notes Yep took throughout the day in his
notebook.

Specifically, he presented Yep with an email where the U.S.
Federal Bureau of Investigation (FBI) said to the RCMP that the
"best way to ensure CBSA to interject" is to know Meng's name
and flight details ahead of her arrival.

Meng's lawyers have previously alleged that Canadian
authorities improperly communicated with their U.S. counterparts
during her arrest, including sharing identifying details about
her electronic devices.

Canada has denied this and provided affidavits from members
of RCMP who were involved in Meng's arrest.

Meng arrived in court on Tuesday, accompanied by her
translator. She spoke with Chinese consular officials before
seating herself in the courtroom.

Her lawyers' questions build on themes from Monday, when
prosecutors for the Canadian government questioned Yep about how
the decision was made to allow the CBSA to intercept Meng before
the RCMP arrested her.

Meng's lawyers have argued that Canadian and American
authorities made this decision because CBSA officers have
special privileges in searching and investigating individuals
crossing Canada's borders.

They strove on Monday to highlight lapses of due process
during Meng's arrest, including Yep's failure to promptly
complete a chronological account of the extradition as required
by Canadian extradition law.

Although Yep, under Peck's questioning, acknowledged it was
considered "a possibility" for the RCMP to arrest Meng while her
plane was on the tarmac, he insisted the police did not want to
intrude on the CBSA's jurisdiction.

"It could have been just as easy for you to arrest her as
soon as she got off the plane, hand her over to the CBSA...then
take her," Peck said. "That way she'd have her rights."

Meng's arrest triggered an ongoing chill in diplomatic
relations between Ottawa and Beijing. Soon after her detention,
China arrested Canadian citizens Michael Spavor and Michael
Kovrig on espionage charges in what was widely seen as
retaliation.

The trial is scheduled to wrap up in April 2021, although
the potential for appeals means the case could drag on for years
through the Canadian justice system.

(Reporting by Tessa Vikander in Vancouver and Moira Warburton
in Toronto;
Editing by Denny Thomas and Lisa Shumaker)

More News
21 Feb 2024 07:52

CORRECT: Glencore profit plunges as energy market normalises

(Corrects UK public sector net borrowing figure to billion from million.)

Read more
21 Feb 2024 07:41

LONDON BRIEFING: Glencore profit plunges as energy market normalises

(Alliance News) - Stocks in the UK are called flat on Wednesday, with some large-cap UK company earnings for investors to digest, ahead of key catalysts to come from across the Atlantic.

Read more
21 Feb 2024 07:02

HSBC profits soar 78% but miss forecasts on China exposure

(Sharecast News) - Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.

Read more
21 Feb 2024 06:52

LONDON MARKET EARLY CALL: FTSE to open flat; HSBC posts record profit

(Alliance News) - Stocks in London are set to open flat on Wednesday, as investors look ahead to the Federal Reserve meeting minutes, and results from Nvidia.

Read more
21 Feb 2024 05:57

TOP NEWS: HSBC launches USD2 billion buyback on record annual profit

(Alliance News) - HSBC Holdings PLC on Wednesday announced further share buybacks as annual profit soared on the back of higher interest rates, though its fourth-quarter performance suffered due to an impairment.

Read more
20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

Read more
20 Feb 2024 12:29

Wednesday preview: Fed meeting minutes, HSBC in the spotlight

(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.

Read more
14 Feb 2024 14:15

UK earnings, trading statements calendar - next 7 days

Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

Read more
2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

Read more
30 Jan 2024 09:34

Bank of England fines HSBC for "serious" deposit protection failures

(Alliance News) - HSBC Holdings PLC has been fined GBP57.4 million by the Bank of England's Prudential Regulation Authority for "serious failings" over customer deposit protection – the second highest penalty ever imposed by the financial watchdog.

Read more
30 Jan 2024 07:27

HSBC slapped with £57.4m fine for deposit protection failures

(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.

Read more
29 Jan 2024 14:25

Safestay annual trading to meet expectations; refinances borrowings

(Alliance News) - Safestay PLC on Monday said its annual trading was "comfortably" in line with market expectations.

Read more
25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.