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HSBC Holdings PLC

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  • SINGAPORE/ HONG KONG, June 30- The volume of Asia ex- Japan mergers and acquisitions surged to a record $640 billion in the first half, preliminary data released by Thomson Reuters showed, driven by the deal-making spree of Hong Kong tycoon Li Ka- shing. "M&A volumes have increased substantially for Asia ex- Japan, driven primary by restructuring in Greater China," said...

  • LONDON, June 29- European bank shares stumbled towards their biggest daily fall for four years on Monday, led by big lenders in Italy, Spain and France, after Greece closed its banks and imposed capital controls as it faced the prospect of leaving the eurozone. Greece plans to hold a referendum next Sunday on the terms of a bailout plan from creditors, which prompted...

  • *For poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? BEIJING, June 29- Growth in China's manufacturing sector likely picked up slightly in June, a Reuters poll showed, offering some signs that the world's second-largest economy may be levelling out after a series of easing measures by the government. The flash HSBC/ Markit PMI released...

  • LONDON, June 29- China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Industrial and Commercial Bank of China's $59.1 billion profit last year topped the rankings, ahead of China Construction Bank, Agricultral Bank of China and Bank of China. U.S. bank Wells Fargo ranked fifth with...

  • *HSBC ends long tie-up with Markit on business activity surveys. SHANGHAI/ HONG KONG, June 26- HSBC has ended its marketing tie-up with financial information firm Markit Ltd, both companies told Reuters on Friday, winding up a five-year relationship. The two firms said HSBC had ended its sponsorship of the closely watched China Purchasing Managers Index and...

  • *Q1 UK like-for-like sales down 1.3 pct. *Says attracted 180,000 more UK shoppers. LONDON, June 26- Price cuts and better service helped Tesco to win back shoppers in the first quarter of its financial year, Britain's biggest retailer said on Friday, suggesting new boss Dave Lewis's turnaround plan is starting to bear fruit.

  • *Italy last major market where outflows are expected. ZURICH, June 26- Switzerland's private banks are close to ridding themselves of undeclared European accounts, a salutary process but one which has undermined efforts to grow their businesses. Following the financial crisis, cash-strapped governments chased accounts hidden at banks in Zurich, Geneva and...

  • *HSBC ends long tie-up with Markit on business activity surveys. SHANGHAI/ HONG KONG, June 26- HSBC has ended its marketing tie-up with financial information firm Markit Ltd, both companies told Reuters on Friday, winding down a five-year relationship that some industry insiders said may have become too expensive and a potential political liability for HSBC in...

  • HONG KONG/ SHANGHAI, June 26- HSBC has ended its sponsorship of Markit's emerging markets indexes, a Markit spokesperson told Reuters. "HSBC's sponsorship of Markit's Emerging Market and China PMIs has been a successful relationship over the past five years," Laura Davis wrote in an email to Reuters. An HSBC spokesperson confirmed Markit's statement, after...

  • SHANGHAI, June 26- HSBC has ended its marketing tie-up with financial information firm Markit Ltd to produce the China Purchasing Managers Index, an HSBC spokesperson in Shanghai told Reuters on Friday. The spokesperson described the cooperation with Markit to produce the closely-watched index, as a success but said that HSBC was moving to developing other...

  • June 25- One week after Saudi Arabia opened its stock market to direct foreign investment, U.S. mutual fund managers say they are interested but not rushing to invest in the Middle East's biggest economy. Foreign fund inflows are slower than initially expected, in part because U.S. fund companies like Fidelity and Harding Loevner are digesting numerous...

  • China stocks tumble on afternoon wave of selling Thursday, 25 Jun 2015 | 3:13 AM ET

    SHANGHAI, June 25- China stocks fell more than 3 percent on Thursday after some investors took advantage of gains in morning trade to reduce risk exposure, a reminder that the market is still fragile following last week's 13 percent plunge. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.6 percent, to 4,706.52, while the Shanghai...

  • *Supplementary budget to be handed to parliament early July. SEOUL, June 25- South Korea announced a financial package of more than 15 trillion won on Thursday, including a supplementary budget, designed to boost growth as a deadly outbreak of the MERS virus adds pressure on the already shaky economy. Finance Minister Choi Kyung- hwan said although there were...

  • *China central bank may approve fix anytime now- sources. SHANGHAI, June 25- China plans to launch a yuan-denominated gold fix by the end of the year via the Shanghai Gold Exchange, in a move aimed at giving the world's biggest producer and leading consumer of bullion more influence over pricing. Given its leading role in gold, China feels it is entitled to be a...

  • *China c.bank to "moderately" increase short-term liquidity. SHANGHAI, June 25- China stocks rose for the third straight day on Thursday as banking heavyweights gained on Beijing's decision to abolish lenders' debt-to-loan ratio, and as the central bank moved to increase short-term liquidity. But Hong Kong shares lost ground, dragged down by gloomy global...

  • HONG KONG, June 25- The Mongolian government this week completed the sale of an offshore yuan bond, making it the second country after Britain to issue yuan-denominated bonds. From the provincial level, Canada's British Columbia and Australia's New South Wales tapped dim sum bonds last year. "Central banks have recognized the trend toward an increasingly...

  • SHANGHAI, June 24- China stocks gained for a second day on Wednesday, aided by liquidity unlocked from recent IPOs, as some investors took advantage of last week's market collapse to buy relatively cheap shares. Hong Hao, chief strategist with BOCOM International, said that last week's 13 percent tumble in China stocks had wiped out excessively-leveraged...

  • LONDON, June 23- Copper prices rallied on Tuesday after improved manufacturing data from top consumer China bolstered sentiment, though gains are expected to be capped by seasonally weaker demand ahead and the strength of the dollar. Benchmark copper on the London Metal Exchange was up 1 percent at $5,712 a tonne by 1045 GMT, from $5,654 at Monday's close after...

  • *Greece optimism lifts shares in Europe, Asia. However, with some euro zone leaders warning much work was still needed to seal an agreement between Greece and its creditors, the euro fell against a dollar lifted by further evidence of U.S. economic strength. Greece presented new proposals on Monday that euro zone leaders welcomed as a basis for a possible...

  • *Surveys show economy may be regaining some momentum. SHANGHAI, June 23- China's factory activity showed signs of stabilising in June, with two private surveys suggesting the economy may be regaining some momentum even as many analysts expect further policy support to ensure the recovery becomes more sure-footed. The HSBC/ Markit Flash China Manufacturing...