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HSBC Holdings PLC

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  • *China October PMI at 3- month high of 50.4- HSBC/ Markit. *OPEC should cut output by at least 500,000 bpd- Libya. SINGAPORE, Oct 23- Brent crude fell for a second session running on Thursday, hitting a one-week low just above $84 a barrel as a sharp rise in crude inventories in top oil consumer the United States reinforced oversupply concerns.

  • BEIJING, Oct 23- China's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though analysts said the figure does not point to a fourth-quarter turnaround for the cooling economy. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of...

  • *Gold steadies after 0.7 percent drop overnight. SINGAPORE, Oct 23- Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued. Wednesday's loss took gold away from a six-week high of $1,255.20 hit earlier in the week when fears...

  • China manufacturing fails to fire in October Wednesday, 22 Oct 2014 | 11:51 PM ET

    BEIJING— A gauge of the health of China's manufacturing industry inched higher in October but factory output was at a five-month low in a sign of slowing domestic and foreign demand. HSBC said Thursday the preliminary version of an index based on a survey of factory purchasing managers rose to 50.4 from 50.2 in September. HSBC's chief China economist Hongbin Qu...

  • Japan's Nikkei share average fell 0.5 percent while MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of 50.4 from a final reading of 50.2 in September, and just a hair's breadth from the 50.3 reading forecast by analysts.

  • BEIJING, Oct 23- China's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though the modest expansion likely won't dispel concerns about the cooling Chinese economy. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of 50.4 from a...

  • SINGAPORE, Oct 23- U.S. oil futures fell further on Thursday after losing over $2 the session before as crude stockpiles in the world's top oil consumer surged far more than analysts had expected. *Front-month U.S. crude was down 9 cents at $80.43 a barrel by 0021 GMT. The 12- member OPEC meets on Nov. 27.

  • UPDATE 3-Brazil's JBS Foods to delay IPO Tuesday, 21 Oct 2014 | 5:46 PM ET

    SAO PAULO, Oct 21- JBS SA received regulatory approval to delay an initial public offering of its JBS Foods unit in Brazil, according to a securities filing on Tuesday, putting off a plan to raise 4 billion reais for a few more weeks or until next year. The request to make JBS Foods a public company was removed from securities industry watchdog CVM's website, but the...

  • LONDON, Oct 17- Five companies have been short-listed to replace the century-old London gold benchmark with a new electronic system, which is expected to be in place within the next few months, the London Bullion Market Association said. Broker Autilla Ltd, the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental...

  • *Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold inched down on Friday as shares rebounded, but was still set for a second straight weekly gain as concerns over the global economy have raised speculation the U.S. "Gold has had a good week because just about everything else has had a bad week.

  • *Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold edged down on Friday as shares rebounded, although it was set for a gain for a second straight week as concerns over the global economy raised speculation the U.S. "There has been a move down in the dollar and equities this week, but in comparison the upside in gold has been relatively modest," ABN Amro...

  • BRUSSELS, Oct 16- Europe's outgoing antitrust chief will not open formal investigations into Google's mobile operating system Android nor into banks suspected of rigging the foreign exchange market, but will leave the decisions to his successor. European Competition Commissioner Joaquin Almunia, who will step down at the end of October, had on several...

  • *Getinge slumps 15 pct after trimming sales forecast. LONDON/ PARIS, Oct 16- European shares extended their recent steep losses on Thursday, with a benchmark index slipping to a 13- month low, on mounting concerns over weakness in the global economy and fears of deflation in the euro zone. "Nobody wants to sell at these levels, so this is not about investors taking the...

  • Gold turns higher after dismal US economic data Wednesday, 15 Oct 2014 | 5:33 PM ET

    Gold prices turned higher, shrugging off early-morning losses, after a trio of weak U.S. economic reports boosted hopes of a prolonged period of low interest rates from the Fed.

  • *FTSE 100 has lost over 8 percent since Sept. 4. The decision to scrap the offering, which could have valued the firm at about 800 million pounds, casts a shadow over the prospects of the bigger and more widely known Virgin Money, another bank seeking to list this month. Aldermore and Virgin are among so-called challenger banks which the government hopes can break the...

  • *Up a few thousand bankers affected, largely in London. LONDON, Oct 15- The bulk of a new type of allowance paid to bankers are in breach of the European Union's bonus cap and must be changed by the end of the year, the EU banking watchdog said on Wednesday, raising the prospect that banks will have to bump up basic pay or risk losing top staff. The sight of bankers pocketing...

  • EU watchdog says bankers' allowances breach bonus rule Wednesday, 15 Oct 2014 | 7:02 AM ET

    The bulk of a new type of allowance paid to bankers are in breach of the European Union's bonus cap.

  • *Up a few thousand bankers affected, largely in London. LONDON, Oct 15- The bulk of a new type of allowance paid to bankers are in breach of the European Union's bonus cap and must be changed by the end of the year, the EU banking watchdog said on Wednesday, raising the prospect that banks will have to bump up basic pay or risk losing top staff. Wednesday's ruling from the...

  • BEIJING, Oct 15- China's consumer inflation slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling fast unless governments take bolder measures to shore up their economies. Facing mounting risks to growth and rising risks of deflation, Beijing is widely expected to continue rolling out a steady stream...

  • SEOUL, Oct 15- South Korea's central bank cut its policy interest rate for the second time in three months on Wednesday to spur the flagging economy, in line with the market's expectations, but many analysts see slim chances of further easing. "The decision by the Bank of Korea to lower its policy rate shows that the central bank has harmonised its policy with the...