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HSBC Holdings PLC

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  • March 31- A New York judge this week dismissed a lawsuit filed by the state's attorney general that accused HSBC Holdings Plc of ignoring a law designed to protect homeowners from foreclosure. The lawsuit, filed in 2013 by New York Attorney General Eric Schneiderman, alleged HSBC violated a state law requiring lenders to file paperwork, known as a request for...

  • BEIJING/ SHANGHAI, April 1- Surveys of China's factory and services sectors showed stubborn weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. "We expect first-quarter growth to drop to 6.8 percent and the government might start easing policies...

  • HONG KONG, April 1- China's yuan firmed against the dollar on Wednesday, helped by better-than-expected factory sector activity, even though the central bank set a weaker midpoint for the currency for the fourth consecutive day. The final HSBC/ Market China Manufacturing PMI came in at 49.6, also slightly higher than a preliminary "flash" reading of 49.2 but still...

  • Surveys show China manufacturing weak in February Tuesday, 31 Mar 2015 | 10:39 PM ET

    BEIJING— China's manufacturing was lackluster in February and industrial employers shed more jobs, two surveys showed Wednesday, adding to pressure on Beijing to shore up weakening growth in the world's second-largest economy. HSBC's monthly manufacturing index, which is based on a survey of factory purchasing managers, fell to 49.6 from 50.7 in January on a...

  • BEIJING, April 1- Surveys of China's manufacturing and services sectors showed persistent weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. In another sign that businesses faced lackluster demand, a separate survey of China's services sector showed the...

  • March 31- A court in Buffalo, New York, dismissed a petition on Monday filed by New York state, alleging that HSBC Holdings Plc ignored a law designed to protect homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortgages. The lawsuit filed by Attorney General Eric Schneiderman in 2013 accused HSBC of letting...

  • SHANGHAI, April 1- CHINA HSBC MARCH FINAL MANUFACTURING PMI 49.6. The final HSBC/ Market China Manufacturing Purchasing Managers' Index came in at 49.6, slightly higher than a preliminary "flash" reading of 49.2 but still below the 50- mark which separates contraction from expansion. Meanwhile, company downsizing contributed to a further decline in...

  • BEIJING, April 1- Activity in China's factory sector unexpectedly picked up in March but remained weak, an official survey showed, reinforcing signs of persistent sluggishness in the economy which may need further policy support. The official Purchasing Managers' Index, released by the National Bureau of Statistics on Wednesday, edged up to 50.1 in March from...

  • SEOUL, April 1- South Korean exports fell the most in two years in March and inflation hit its lowest since 1999, weakening economic momentum and putting the central bank under pressure to cut interest rates again. "South Korea's economy needs both consumption and exports to escape this rut, and exports are more important out of the two," said Im No-jung, chief...

  • NYMEX-Crude edges up as Iran nuclear talks drag on Tuesday, 31 Mar 2015 | 7:20 PM ET

    TOKYO, April 1- U.S. crude futures edged up on Wednesday, following a more than 7 percent decline over the past three days, as Iran and world powers negotiated beyond a Tuesday deadline, raising uncertainty over a nuclear deal that could add to a global crude glut. *NYMEX crude for May delivery was up 9 cents at $47.69 a barrel by 2257 GMT, after settling down $1.08 at...

  • WASHINGTON/ ZURICH, March 31- Swiss bank BSI has become the first of what is expected to be several dozen Switzerland- based private banks to reach a deal under a voluntary disclosure programme for tax-related offenses being run by the U.S. Department of Justice. Under a non-prosecution agreement signed on Monday, Lugano-based BSI will pay a $211 million penalty...

  • *Gold slips for third session, nearly flat on quarter. SINGAPORE, March 31- Gold edged lower on Tuesday and was heading for a second straight monthly fall, pressured by expectations the U.S. "Gold's inability to hold over the psychological $1,200 level, which it recently cleared, suggests that bullion may be susceptible to a further consolidation of gains," said HSBC...

  • *Gold slips for third session in a row, palladium rebounds. SINGAPORE, March 31- Gold edged lower on Tuesday and was heading for a second straight monthly fall, pressured by expectations the U.S. "Gold's inability to hold over the psychological $1,200 level, which it recently cleared, suggests that bullion may be susceptible to a further consolidation of gains," said...

  • LONDON/ HONG KONG, March 31- Global equity issuance rose by a fifth to $231.5 billion in the three months through March, a record high for a first quarter, as a sharp rise in secondary share sales outweighed a drop in company flotations, Thomson Reuters data showed on Tuesday. Money raised from flotations, or initial public offerings, fell a fifth to $37.2 billion,...

  • *Test puts HSBC, Standard Chartered in the spotlight. "By assessing the resilience of the UK banking system against a major external shock we will improve further our ability to identify vulnerabilities and we will ensure that banks have plans in place to address a wider range of possible stresses," BoE Governor Mark Carney said on Monday. That leaves six banks and...

  • BEIJING, March 30- Activity in China's factory sector likely contracted for a third straight month in March, a Reuters poll showed, reinforcing expectations that Beijing will have to step up policy easing to support economic growth that may be on the verge of dipping below 7 percent. The flash HSBC/ Markit PMI released last week showed factory activity...

  • *More than 160,000 jobs lost across 24 banks in two years- data. LONDON, March 30- Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation. "The screws will stay tight on headcount," said Aymen Saleh,...

  • March non-farm payrolls seen up 244,000. BRUSSELS, March 29- The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike. Fed Chair Janet Yellen made it clear on Friday that the U.S. central bank is likely to start...

  • LONDON, March 27- More losses could follow the dollar's recent 5- cent slide versus the euro, Citigroup global chief economist Willem Buiter said on Friday, another major voice to question forecasts the greenback will march relentlessly higher. The official forecast from the currency strategy team at Citi, the foreign exchange market's single biggest player,...

  • LONDON, March 26- The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies. News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran- allied forces...