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HSBC Holdings PLC

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  • In Poland, the region's biggest economy, the manufacturing PMI eased, for the third month running, to 54.0 from 54.8 in March, capped by a slower increase in new orders, data compiled by Markit and HSBC showed. "The data show some weakening, but they do not alter our expectations for the decision of central banks in the region or economic growth," said Piotr Kalisz, chief...

  • LONDON, May 4- European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch. Euro zone powerhouse Germany's manufacturing sector lost some momentum in April but continued to expand while in France the sector's final PMI showed activity...

  • HONG KONG, May 4- Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. Spreadbetters expected the equity markets to open firmer in Europe, forecasting Germany's DAX and France's CAC to...

  • HONG KONG, May 4- Asian stocks bounced from their lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. The HSBC/ Markit Purchasing Managers' Index showed factory activity in China contracted at its fastest rate...

  • China's yuan falls after weak factory sector survey Sunday, 3 May 2015 | 11:16 PM ET

    HONG KONG, May 4- China's yuan edged down against the dollar on Monday after a private survey showed activity at the country's factories shrank at the fastest rate in a year. The HSBC/ Markit Purchasing Managers' Index fell to 48.9 in April- the lowest level since April 2014- from 49.6 in March, as demand faltered and deflationary pressures persisted.

  • HONG KONG— Chinese manufacturing suffered its sharpest contraction in a year in April, raising pressure on Beijing to roll out new stimulus to keep growth in the world's No. 2 economy from slipping below the official target, a report said Monday. HSBC's manufacturing index based on a survey of factory purchasing managers fell to a 12- month low of 48.9 in April...

  • *Shanghai shares lower, Aussie dollar slips in reaction. "China's manufacturing sector had a weak start to Q2, with total new business declining at the quickest rate in a year while production stagnated," said Annabel Fiddes, an economist at Markit. Shanghai shares were off 0.6 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen...

  • BEIJING, May 4- China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh policy stimulus to halt a slowdown in the world's second-largest economy. The HSBC/ Markit Purchasing Managers' Index fell to 48.9 in April- the lowest level since April 2014- from...

  • BEIJING, May 4- China's factories suffered their fastest drop in activity for a year as new orders fell in April, a private business survey showed on Monday, hardening the case for fresh policy stimulus to boost a flagging economy. "China's manufacturing sector had a weak start to Q2, with total new business declining at the quickest rate in a year while production...

  • *Asia shares narrowly mixed, Japan on holiday for three days. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. The HSBC/ Markit PMI for South Korea set an ill omen, falling to a six-month trough of 48.8 in April.

  • LONDON, May 3- In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. Project Rainbow assessed HSBC's future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible...

  • LONDON— Ian Robinson, co-owner of a small investment firm in London, is watching Britain's general election this Thursday with unease. A victory for Prime Minister David Cameron's Conservative Party could bring Britain a step closer to leaving the 28- nation European Union, a move many companies fear would cause damage by increasing costs of doing business on...

  • Survey: China factory activity barely growing Friday, 1 May 2015 | 5:54 AM ET

    BEIJING— Manufacturing in China barely grew in April, continuing sluggish recent performance in the world's second biggest economy. Data compiled by the country's National Bureau of Statistics and the China Federation of Logistics and Purchasing showed Friday that the manufacturing purchasing managers' index came in at 50.1 in April, the same level as in...

  • *April official factory PMI unchanged from March at 50.1. BEIJING, May 1- China's factories struggled to grow in April as domestic and export demand remained weak, reinforcing expectations that Beijing will roll out more measures to support the slowing economy. "Since the current slowdown is in large part a consequence of the slow-moving property market...

  • *Selling retail business in Turkey a priority- sources. ISTANBUL, April 30- HSBC faces a tough task selling its loss-making retail arm in Turkey, where it has been hamstrung by tough competition and faces a decline in both economic growth and investor confidence. Chief Executive Stuart Gulliver said in February HSBC's four problem businesses-- Brazil, Mexico,...

  • The MSCI emerging market index has gained almost 8 percent since the start of April, getting a lift from a surge in Chinese stocks, though it was down 0.8 percent on the day. Investors' mood soured after first-quarter U.S. growth data came in much weaker than expected, compounding worries over a slowdown in China and on top of persistent jitters over Europe as Greece...

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, April 30- The Bank of Japan trimmed its consumer price forecasts on Thursday and pushed back the timeframe to hit its ambitious inflation target but refrained from expanding its already massive stimulus programme, predicting a recovering economy will gradually nudge prices higher. It will keep increasing base...

  • However, the situation is changing as the landmark Shanghai- Hong Kong stock connect scheme saw robust southbound flows in the past few weeks, which greatly eased the offshore yuan market's tight liquidity. The stock connect has brought in a net 50 billion yuan into Hong Kong in the past month, according to Reuters calculations, thanks to increased demand for...

  • MOSCOW, April 28- Russia's central bank is expected to further trim its main lending rate on Thursday following a sharp rally in the rouble and as inflation expectations ease. Central bank Governor Elvira Nabiullina said earlier this month that the stronger rouble should allow the bank to lower its key rate. "We scaled down our expectations for a rate cut from...

  • *BOJ's semi-annual report due 0600 GMT. TOKYO, April 30- The Bank of Japan maintained its massive monetary stimulus on Thursday, holding off on additional easing for now on hopes that rising wages will spur spending and eventually nudge inflation towards its 2 percent target. Markets are now focusing on the central bank's semi-annual report on the economic and...