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HSBC Holdings PLC

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  • *This could take at least two years- MSCI researcher. *Benchmark inclusion could attract up to $24 billion- HSBC. The move is likely to start the process of incorporating Saudi Arabia into major equity indices by the likes of MSCI, and this could attract as much as $24 billion in foreign capital, according to one estimate.

  • Tech, media and telecoms M&A hits 9-year high Friday, 17 Apr 2015 | 5:21 AM ET

    LONDON, April 17- Worldwide dealmaking in the technology, media and telecoms sectors is at its highest level year-to-date since 2006, buoyed by Nokia's 15.6 billon euro bid for Alcatel-Lucent this week, Thomson Reuters data shows. So far this year, deals worth $245.8 billion have been struck globally in TMT, accounting for a combined 23 percent of worldwide M&A...

  • *Apollo deal could be debt for equity swap. LONDON, April 16- Steel trading firm Stemcor, one of the UK's largest private companies, could be taken over by U.S. distressed investment fund Apollo, as part of a $2 billion debt restructuring, according to banking and industry sources. A deal with Apollo would be a classic debt for equity swap, in which Apollo would write off...

  • Hong Kong stocks rise as more China inflows expected Thursday, 16 Apr 2015 | 4:11 AM ET

    "Investors should continue to build positions in Hong Kong due to its extremely low valuation, relative market isolation and significant underperformance compared with its Chinese comrades," Hong Hao, chief strategist with BOCOM International, wrote on Thursday. HSBC said in a report that Chinese mutual funds could raise 500 billion yuan from local...

  • SHANGHAI, April 16- Nearly five months after the People's Bank of China signalled the start of an easing cycle with its first interest rate cut since 2012, real borrowing rates are finally falling. "Money is cheap again," said Zhang Gang, senior stock analyst at Central Securities in Shanghai, and a senior trader at a big state-owned bank agrees.

  • SHANGHAI, April 16- China stocks rose sharply on Thursday, erasing early losses, as the red-hot market brushed off the authorities' unease over the levels of margin trading in a market that has jumped 27 percent this year. The Shanghai branch of China's central bank has ordered commercial lenders to check for risks in their margin trading business, and submit...

  • HONG KONG, April 16- Hong Kong banks have started to cut yuan deposit rates following robust southbound trading flows under a stock connect scheme between Shanghai and the former British colony. The flow of funds into Hong Kong is expected to shore up the shrinking offshore yuan pool, which has been under pressure as the weakness of the Chinese currency had...

  • BEIJING, April 15- China grew at its slowest pace in six years at the start of 2015 and weakness in key sectors suggested the world's second-largest economy was still losing momentum, intensifying Beijing's struggle to find the right policy mix to shore up activity. Gross domestic product grew an annual 7.0 percent in the first quarter, slowing from 7.3 percent...

  • LONDON, April 13- The European Commission will meet bond market players in the next few weeks to discuss how to avert potentially disorderly market "flash crashes" when interest rates start to rise, EU and industry sources said. Although plans by the European Union executive for a Capital Markets Union to help companies access market funding include measures to...

  • PARIS— Nina Ricci heir sentenced to prison, millions in fines over French tax fraud after HSBC leaks.

  • COLOMBO, April 13-- Position: Central Bank. -Mahendran, an Oxford- educated graduate, has nearly 30 years of experience in the financial services industry across Asia, having served in both private companies and public sector organisations. -He holds an MA in Philosophy, Politics, and Economics from Oxford and his most recent position was chief investment officer at...

  • WASHINGTON, April 13- As the United States and Iran come closer to a historic nuclear deal, many U.S. states are likely to stick with their own sanctions on Iran that could complicate any warming of relations between the long-time foes. In more than half those states, the restrictions expire only if Iran is no longer designated to be supporting terrorism or if all...

  • Tech, upbeat sentiment helps Europe close higher Friday, 10 Apr 2015 | 11:48 AM ET

    European shares closed higher Friday as markets resumed a rally on the back of extra liquidity in the euro zone and some major merger and acquisition news this week.

  • Britain's FTSE buoyed by Burberry, emerging markets Thursday, 9 Apr 2015 | 12:29 PM ET

    *Burberry gains on bid speculation. LONDON, April 9- Britain's FTSE 100 rose on Thursday, as a recovery in emerging market-exposed stocks and gains in Burberry driven by bid speculation kept the index near all-time highs. "I have been buying up Burberry shares but I don't think I'll go back in for more ahead of Burberry's numbers later this month," Securequity sales...

  • France sets $1.1B bail in HSBC Swiss tax probe Thursday, 9 Apr 2015 | 12:01 PM ET

    French magistrates have ordered HSBC to post a 1 billion euro bail to cover a potential fine after the bank was put under investigation.

  • Autos help European stocks end higher Thursday, 9 Apr 2015 | 11:31 AM ET

    European equities closed higher on Thursday as investors reacted to fresh economic data and auto stocks posted strong gains.

  • Gold falls on dollar as Fed keeps rate talk alive Thursday, 9 Apr 2015 | 11:29 AM ET

    Gold retreated for a third straight session on a stronger dollar after Fed officials kept alive expectations for an increase in rates this year.

  • The London- based bank said French authorities have imposed bail of 1 billion euros while they investigate alleged wrongdoing in 2006-2007.. A former HSBC employee, Herve Falciani, gave the data to French tax authorities in 2008. France shared it with other governments and launched investigations. A spokesman for the French financial prosecutor's office,...

  • *Bank of Korea cuts growth, inflation forecasts. The Bank of Korea cut this year's economic growth and inflation forecasts but Governor Lee Ju- yeol said the downgrades were already factored in when the central bank cut the base rate by 25 basis points to a record low 1.75 percent last month. "The non-unanimous decision suggests that the monetary easing cycle in...

  • SINGAPORE, April 9- Gold retreated for the third session in a row on Thursday after comments from Federal Reserve officials and minutes of the U.S. central bank's meeting last month suggested that a rate increase in June remained on the cards despite recent weak data. "The near-term outlook for gold looks weak, with the path of least resistance lower," said HSBC...