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HSBC Holdings PLC

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  • 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...

  • LONDON, July 2- Greece's deepening debt crisis is showing no sign yet of spreading to other countries on the periphery of the euro zone, Bank of England Deputy Governor Jon Cunliffe said on Thursday. "We're not seeing signs of that at the moment. Cunliffe also said he believed that any decision by HSBC on whether to base itself outside of the Bank of England's...

  • JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with private data vendor Markit, slipped to 51.0 in June from 51.3 in May, matching April's near two-year low. "The growth of manufacturing output remained subdued during the second quarter, with the rates of increase in new business and output slipping to their lowest since the first half of...

  • ZURICH, July 1- The Swiss government said on Wednesday Thomas Bauer, an expert in banking law and combating money laundering, would become the new chairman of the financial regulator FINMA from January 2016. FINMA drew some criticism this year over its handling of allegations surrounding HSBC Holdings Plc's Swiss business. The government also named on...

  • The Latest: Moody's downgrades Greece to Caa3 Wednesday, 1 Jul 2015 | 3:39 AM ET

    ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • China's manufacturing weak in June, more jobs cut Wednesday, 1 Jul 2015 | 12:15 AM ET

    BEIJING— China's manufacturing was weak in June and employers cut more jobs, two surveys showed Wednesday, in a new sign the world's second-largest economy is struggling to emerge from a slump. HSBC said jobs were cut at the fastest rate since February 2009 in the aftermath of the global financial crisis. The data "pointed to a further decline in the health of the...