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HSBC Holdings PLC

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  • PARIS, Nov 26- Net-a-porter founder Natalie Massenet stands to make more than 100 million euros next year under a deal with the online fashion retailer's owner Richemont, according to calculations based on company documents and analyst valuations. However, several London- based bankers told Reuters they were not aware Richemont was planning to do either.

  • *Asia supported after upward revision to U.S. *Crude oil stabilises before Thursday's OPEC summit. LONDON, Nov 26- European shares rose on Wednesday, bolstered by hopes for more stimulus from the European Central Bank and upbeat U.S. economic data that calmed anxiety over a deteriorating global outlook.

  • *Platinum, palladium traders sued by jewelry maker. NEW YORK, Nov 25- Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals. In a complaint filed on Tuesday in the U.S. District...

  • Dealers said investors in Europe had continued to sell the currency in early trades, pushing it to a low of $0.8499 and below support at around 109.0 New Zealand dollars above which it had held since August. "There are those who say the Aussie should bounce from these levels but my feeling is, if it breaks below this support against the kiwi, that may be significant,"...

  • *Crude oil stabilises before Thursday's OPEC summit. TOKYO, Nov 26- European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook. The pan-European FTSEurofirst index of leading blue-chip companies has...

  • Nov 25- The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings Plc leaked confidential client information to a major hedge fund, the Wall Street Journal reported, citing people with knowledge of the matter. The alleged leak is believed to have taken place in March 2010, when HSBC was advising British insurer Prudential Plc on...

  • HSBC to pay $12.5 million to settle SEC charge Tuesday, 25 Nov 2014 | 4:37 PM ET

    The SEC says HSBC Private Bank began doing so more than 10 years ago and collected fees totaling about $5.7 million. HSBC, Europe's largest bank by market value, said in a statement that it is pleased to have reached a settlement with the SEC. According to the SEC, HSBC Private Bank decided to exit the U.S. cross-border business in 2010..

  • WASHINGTON, Nov 25- HSBC Holdings Plc will pay $12.5 million to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday. The SEC said HSBC's Swiss unit amassed 368 U.S. accounts, and its employees traveled to the United States at...

  • WASHINGTON, Nov 25- HSBC Holdings Plc will pay $12.5 million to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday. The SEC said HSBC's Swiss unit amassed 368 U.S. client accounts, and its employees traveled to the United...

  • *Gold firm after overnight losses. SINGAPORE, Nov 25- Gold steadied below $1,200 an ounce on Tuesday after small losses in the previous session, while traders eyed the dollar and an upcoming Swiss referendum on central bank gold reserves for more trading cues. "The impact of a' yes' vote could quickly translate into prices and take gold as much as $50 higher," said HSBC...

  • SHANGHAI, Nov 23- China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.. The People's Bank of China cut one-year benchmark lending rates on Friday, a move celebrated by Chinese corporates struggling against a...

  • French investigate HSBC over possible tax dodging Friday, 21 Nov 2014 | 7:38 AM ET

    PARIS— HSBC bank was placed under formal investigation in France over services it offered to clients required to pay taxes in France, just days after the private banking branch was charged in Belgium with organized fiscal fraud. Switzerland- based HSBC Private Bank said Friday that French investigators demanded a 50 million euro bond. HSBC said the...

  • *Ukraine sells from gold reserves, Russia buys in Oct- IMF. SINGAPORE, Nov 21- Gold was on track for its third straight weekly gain on Friday, buoyed by short-covering and a pause in the dollar rally, while traders also eyed central bank activity for cues. Gold is a non-interest-bearing asset.

  • FOREX-Yen jumps after Japan fin min warns on rapid fall Thursday, 20 Nov 2014 | 10:30 PM ET

    TOKYO, Nov 21- The yen rose sharply on Friday after Japanese Finance Minister Taro Aso said the currency's fall over the past week was too rapid, in one of the strongest warnings against a weak yen since Japan started its aggressive monetary stimulus two years ago. His comments triggered profit-taking on yen-selling positions that had built up after the Bank of...

  • GLOBAL MARKETS-Wall St rises, yen hits 7-year low Thursday, 20 Nov 2014 | 4:44 PM ET

    *Treasuries' price gains dulled by Alibaba bond deal. NEW YORK, Nov 20- World stock markets slipped on Thursday on signs the Chinese and European economies were cooling, while Japan's yen slid to seven-year lows against the dollar amid expectations of more Japanese stimulus. The China flash HSBC/ Markit manufacturing purchasing managers' index showed factory...

  • BRUSSELS/ LONDON, Nov 20- Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday, withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would...

  • WTI settles $1 higher on strong U.S. data Thursday, 20 Nov 2014 | 2:40 PM ET

    U.S. crude settled up $1 at $75.88 per barrell on Thursday as strong U.S. economic data bolstered crude markets.

  • *China flash PMI shows contraction in factory output. The data from purchasing managers indexes showing "slowing growth in China and the euro zone helped put risk appetite on the back foot," said strategist Gennadiy Goldberg at TD Securities in New York. The China flash HSBC/ Markit manufacturing purchasing managers' index showed factory output contracted in...

  • *China flash PMI shows output shrank for 1st time in 6 months. "Slowing growth in China and the euro zone helped put risk appetite on the back foot," said strategist Gennadiy Goldberg at TD Securities in New York. The China flash HSBC/ Markit manufacturing purchasing managers' index showed factory output contracted in the world's second-biggest economy for the...

  • UPDATE 5-Oil steadies above $78 as market awaits OPEC Thursday, 20 Nov 2014 | 8:42 AM ET

    *OPEC will cut production to 30 mln bpd target- Libyan official. *China flash PMI factory output contracts in Nov- HSBC survey. LONDON, Nov 20- Brent crude oil steadied above $78 a barrel on Thursday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.