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HSBC Holdings PLC

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  • LONDON, Dec 23- Britain's economy relied more heavily on spending by households for growth in the third quarter despite a fall in take-home incomes, underscoring the challenges of getting the recovery onto a sounder footing. In another disappointing sign for policymakers, business investment was weaker than in an earlier reading of how Britain's economy...

  • *Gold prices rise after nearly 2- pct drop overnight. SINGAPORE, Dec 23- Gold rose on Tuesday, moving away from a three-week low hit in the previous session, as the dollar and equities eased after recent rallies. "Positioning still seems to be light in gold so we expect the market to remain contained during the holiday period, but big swings in other markets such as the...

  • *Gold prices rise after nearly 2- pct drop overnight. SINGAPORE, Dec 23- Gold edged up on Tuesday after sharp overnight losses, but was still stuck near its lowest in three weeks due to weaker oil prices and strength in global equities and the dollar. Gold should likely see some support at $1,170, but more stop-loss orders will be triggered if the level is breached,...

  • DENVER, Dec 22- Colorado's Attorney General John Suthers has sued two more law firms in the state for fraud, accusing them of inflating foreclosure costs charged to homeowners, his office said. As part of an ongoing investigation, Suthers has filed eight civil law enforcement actions against Colorado foreclosure law firms in 2014, five of which resulted in...

  • *Gold ticks up after last week's 2- pct loss. SINGAPORE, Dec 22- Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal's safe-haven appeal. "The bullion market faces tough upside resistance and further gains may be an uphill battle," said HSBC analyst James Steel.

  • *Gold ticks up after last week's 2- pct loss. SINGAPORE, Dec 22- Gold edged up on Monday on buying interest from Asia but retained most of last week's losses, as strength in the dollar and equities dulled the metal's safe-haven appeal. "The bullion market faces tough upside resistance and further gains may be an uphill battle," said HSBC analyst James Steel.

  • HONG KONG, Dec 22- A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors. The authorities had hoped mutual and pension funds and private banks would form the bedrock of the Shanghai- Hong Kong stock connect. "We are not participating...

  • *Metro Bank broke mould by using software supplier. LONDON, Dec 21- When Metro Bank prepared to launch in 2010 as the first new bank to appear on British high streets for over a century, its founders broke with convention by outsourcing the construction of its computer systems. "That's the way the whole process developed in America," said Metro Bank co-founder Vernon...

  • HONG KONG, Dec 19- Hong Kong's de facto central bank said it found no evidence of rigging in Hong Kong's foreign exchange benchmark following an 18- month investigation into the trading operations of 10 banks. However, it identified "inappropriate" behavior by individual traders at Standard Chartered and Deutsche Bank. The HKMA began the investigation into...

  • *Gold cuts weekly loss, other precious metals also firmer. SINGAPORE, Dec 19- Gold edged up above $1,200 an ounce on Friday as buyers helped the metal hold up against rising equity markets, paring losses fueled by worries over a looming hike in U.S. interest rates. A surge in gold prices to above $1,230 an ounce last week from around $1,140 a week earlier has spurred...

  • SHANGHAI, Dec 19- China's yuan is plunging to fresh lows in December, declining 1.3 percent so far this month, heading toward its worst monthly performance since February and set to close the year down over 2 percent. "This is a dollar strength story and the CNY moves are market-driven," said Dominic Bunning, senior FX strategist at HSBC in Hong Kong.

  • China's yuan set for third biggest weekly fall in 2014 Thursday, 18 Dec 2014 | 10:13 PM ET

    HONG KONG, Dec 19- China's currency is on track for its third biggest weekly loss against the dollar this year as a resurgent greenback finally caught up with the renminbi in the Asian currency complex. That support gave way this week after data showed activity in China's factory sector contracted in December for the first time in seven months prompting some...

  • SINGAPORE, Dec 19- Gold steadied below $1,200 an ounce on Friday and was set to end a two-week rally as the dollar gained on expectations that the U.S. * "Gold prices are currently capped by a stronger dollar and ongoing weak oil prices. Despite this, gold keeps challenging the $1,200/ oz level, " HSBC analysts said in a note.

  • Lightning Round: This goes higher, thanks to oil Thursday, 18 Dec 2014 | 6:54 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • ZURICH, Dec 18- Denise Anderegg is happy enough about the Swiss National Bank's decision to charge banks for deposits. Foreign banks that accept overseas deposits seeking a safe haven in Switzerland are likely to be hit hardest, according to bankers and economists. Credit Suisse, UBS and cooperative bank Raiffeissen have said they will not be affected by...

  • LONDON, Dec 18- Team bonding is the theme for Christmas parties in London's financial district this year as managers tone down the annual knees-up and label it as staff development. Before the 2008 crisis, a specially erected marquee in London's Canary Wharf offered Christmas parties with sit-down dinner, free-flowing champagne and a band on stilts for banks...

  • China's yuan at 5-month lows after weak fixing Wednesday, 17 Dec 2014 | 10:57 PM ET

    HONG KONG, Dec 18- China's yuan slumped to a five-month low against the dollar on Thursday after the central bank set a weaker daily midpoint fix, prompting investors to cut exposure to the local currency. While emerging market currencies have been under pressure in recent days thanks to a rapid drop in oil prices and a financial crisis in Russia, China's yuan has...

  • View from the ground: China stabilizing, not slowing Wednesday, 17 Dec 2014 | 10:12 PM ET

    China's economy stabilized in the fourth quarter as the services sector and manufacturing sector strengthened, according to the China Beige Book.

  • The strong debt issuance outlook comes on top of a record year for the "dim sum" bond market which has seen 324 billion yuan in bond issuance so far this year, a 74 percent increase from 2013 volumes, according to Thomson Reuters data. "It's trade settlement that drives the dim sum bond market in the end," said Andrew Malcolm, capital markets partner at Linklaters in Hong...

  • NEW DELHI, Dec 17- Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/ INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices. The Thomson Reuters/ INSEAD Asian Business Sentiment Index increased to 72 in the fourth quarter from 66 in the...