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HSBC Holdings PLC

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  • 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...

  • *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...

  • *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...

  • Oct 14- Litigation alleging that Deutsche Bank AG, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver has been centralized in Manhattan federal court. Three suits were originally filed in Manhattan, while two were filed in Brooklyn. The banks had also asked that the litigation be consolidated in the Eastern District of New York in Brooklyn, but...

  • LONDON, Oct 14- Three London-based currency traders have left JP Morgan and HSBC, sources said on Tuesday, as investigations by banks and regulators into alleged collusion and manipulation in the $5.3 trillion- a-day market draw closer to a settlement. The three are Richard Usher, former head of spot G10 currency trading at JP Morgan, Serge Sarramegna, former UK...

  • LONDON, Oct 14- Britain's biggest banks have paid out less than 40 percent of the 4 billion pounds set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The mis-selling is one of a number of scandals involving British banks in the past five years and provoked a political and public backlash...

  • India inflation falls to 5-year low in September Tuesday, 14 Oct 2014 | 4:01 AM ET

    NEW DELHI— India's benchmark inflation rate has fallen to a five year low of 2.4 percent in September as food and vegetable prices dropped, the Commerce Ministry said Tuesday. The Commerce Ministry data released on Tuesday said the index for the food articles group declined by 1.4 percent due to lower prices for tea, fruits and vegetables, maize, poultry chicken...

  • LONDON, Oct 14- Britain began to take orders for its first government bond denominated in renminbi on Tuesday, after finance minister George Osborne announced plans for the issuance last month. An investor presentation on Monday suggested that Britain expected the bond- the first from a Western government- would offer a yield of around 2.7 percent.

  • DUBAI, Oct 13- Most major stock markets in the Middle East rebounded on Monday, led by bourses in Dubai and Saudi Arabia, as global equities stabilised and several companies in the region reported strong quarterly earnings. The main indexes in Dubai and Saudi Arabia plunged 6.5 percent. But although Dubai tumbled as much as 2.7 percent early on Monday, it closed 1.9...

  • LONDON, Oct 13- Luxury shoe maker Jimmy Choo expects its initial share sale to be priced between 140 pence and 160 pence a share, the bottom half of its preliminary guidance of 140- 180 pence, two sources familiar with the matter said on Monday. "As investors showed most interest at the 140- 160 pence range, it was sensible to narrow it." Fund managers have also expressed...

  • *Agile Property shares close down 17.2 pct. HONG KONG, Oct 13- Chinese developer Agile Property Holdings Ltd, battling an industry slowdown and speculation about ties to China's former security chief, said it is in talks with banks about extending a bridge loan and the founder's family would commit to lending $200 million. Agile said Chen- whose family wealth of...

  • *Agile Property shares drop more than 20 pct. HONG KONG, Oct 13- Chinese developer Agile Property Holdings Ltd, battling an industry slowdown and media speculation about ties to China's former security chief, said it was in talks with banks about extending what remains of a $475 million loan due in December. Agile said Chen- whose family wealth of $3.2 billion was...

  • HONG KONG, Oct 13- China's Agile Property Holdings Ltd is in talks with banks to extend a remaining bridge loan, the company said on an analyst briefing call on Monday. Shares in the Hong Kong- listed property developer slumped by more than a fifth as trading in the stock resumed following news last week that it withdrew a rights issue and that its chairman Chen Zhuo...