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HSBC Holdings PLC

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  • It will be the first time in nearly 20 years that the Conservative Party has had a free hand to change how much Britain spends and raises in tax. Britain's pensions budget will not be cut so the axe is likely to fall on the next biggest welfare outlays which are housing benefit and tax credits to help lower-earning households. Britain's publicly funded...

  • LONDON— HSBC has fired six employees who staged a mock Islamic State group-style killing during a team-building exercise. The Sun newspaper reported Tuesday the footage posted online showed five workers wearing overalls and balaclavas laughing as a South Asian colleague wearing an orange jumpsuit knelt at their feet. HSBC says in a statement it had fired...

  • *Investors hope for eventual deal on Greece. TOKYO, July 7- Most Asian stocks drooped on Tuesday as Chinese equity markets went into a fresh tailspin, fraying investor nerves already strained by uncertainty hanging over the future of Greece and the European currency union. Japan's Nikkei rose 1.4 percent after a sharp fall on Monday while European shares were...

  • *Investors hope for eventual deal on Greece. *China share market losses raise concerns for Asia. Japan's Nikkei rose 1.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan, which fell to six-month low on Monday, was up 0.2 percent.

  • *China bounces on Beijing support, Hong Kong hammered. LONDON, July 6- Emerging market stocks flirted with their biggest fall in two years on Monday as fears that Greece could be heading back to the drachma reached fever pitch, China remained volatile and Fed minutes this week kept U.S. rate jitters simmering. Most of the damage, however, had been done in Asia where...

  • Texas wants its gold back inside the state's borders Saturday, 4 Jul 2015 | 10:29 AM ET

    Texas has decided to start keeping its gold holdings within in its own borders. Texas is the only state that owns an actual stockpile of gold, according to public sector and financial industry experts— not just gold futures or investment positions, but approximately 5,600 gold bars worth around $650 million. But for the Texas comptroller's office, which has to...

  • *HSBC, Lloyds, RBS plan "broad" ring-fence, Barclays differs. LONDON, July 3- Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers. Unless it makes a U-turn, Barclays will adopt a different structure to its main rivals.

  • SAO PAULO, July 3- Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions.

  • *China shares have fallen nearly 30 pct from mid-June peak. SHANGHAI, July 3- Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation amid increasingly desperate attempts by Beijing to head off a full-blown crash. The CSI300 index of the largest...

  • *China shares have fallen nearly 30 pct from mid-June peak. SHANGHAI, July 3- Chinese stocks fell again on Friday, as the securities regulator said it was investigating suspected market manipulation amid increasingly desperate attempts by Beijing to head off a full-blown crash. After a slump of nearly 30 percent in Chinese stocks since mid-June, the China...

  • BEIJING, July 3- Activity in China's services sector slowed to its lowest in five months in June, a private survey showed on Friday, suggesting the economy still needs further policy support despite some signs of steadying. The headline HSBC/ Markit Purchasing Managers' Index for June fell to 51.8 from 53.5 in May, hitting its lowest since January but still...

  • BEIJING, July 3- Activity in China's services sector slowed to its lowest in five months in June, the HSBC/ Markit Purchasing Managers' Index showed on Friday, suggesting the economy still needs further policy support despite some signs of steadying. "In the service sector, business activity, new orders and employment all expanded at slower rates, while optimism...

  • Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions. The banks named in the Cade probe are Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays Plc, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase& Co, Morgan Stanley& Co, Nomura Holdings Inc,...

  • ISTANBUL, July 2- Qatar National Bank and Bahrain's Arab Bank Corp did not follow up early interest in acquiring HSBC's Turkish business because they are more interested in National Bank of Greece's Turkish arm Finansbank, two people familiar with the matter said. Dutch lender ING Group is set to win the auction to buy HSBC's business, after being one of several...

  • SAO PAULO, July 2- Brazil antitrust watchdog Cade opened on Thursday an investigation over alleged currency rigging by a group of 15 global banks, the first of its kind in one of the world's busiest foreign exchange markets. In a statement, Cade said the banks colluded to influence benchmark currency rates in Brazil by aligning positions and pushing...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, July 2- European shares fell on Thursday under pressure from concerns over Greece's debt crisis and with a rebound in the euro weighing on exporters that typically benefit from the single currency's weakness. Electrolux, which owns the Frigidaire, Kenmore and Tappan brands, fell about 10...

  • LONDON, July 2- German utility stocks rose sharply on Thursday after plans for a coal levy were scrapped, outperforming a flat showing on other benchmark European equity indexes that remained dogged by concerns over Greece. The pan-European FTSEurofirst 300 index was also flat while the euro zone's blue-chip Euro STOXX 50 index slipped 0.1 percent.

  • ISTANBUL/ LONDON, July 2- Dutch lender ING Group is set to win the auction to buy HSBC's Turkish business, people familiar with the matter said on Thursday. Four people familiar with the situation said HSBC had narrowed down the field to one suitor, and two of the sources said that was ING, though they added a deal had yet to be finalised. ING's existing Turkish bank has...

  • ISTANBUL/ LONDON, July 2- Dutch lender ING Group has emerged as the leading bidder for HSBC's Turkish business, a person familiar with the matter said on Thursday. Three people familiar with the matter said HSBC had narrowed down the field to one suitor, and one of the sources said that it was ING. ING, which already has a presence in Turkey, was one of three banks to...

  • LONDON, July 2- Greece's deepening debt crisis has become "very dangerous" but there is no sign yet of it spreading to other countries on the periphery of the euro zone, Bank of England Deputy Governor Jon Cunliffe said on Thursday. Late on Wednesday, a defiant Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any prospect...