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HSBC Holdings PLC

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  • Wanted: Asia-focused banker for StanChart's top spot Wednesday, 28 Jan 2015 | 5:34 AM ET

    HONG KONG, Jan 28- Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters. The list of potential candidates is wide and includes Piyush Gupta, CEO of Singapore- based DBS, outgoing Westpac CEO Gail Kelly,...

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate customers after "...

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top high street banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate...

  • *Russia, Netherlands increase gold reserves. SINGAPORE, Jan 27- Gold struggled on Tuesday to recover losses from the previous two sessions as a firm dollar and strength in equities dulled the metal's appeal as a hedge, keeping the yellow metal firmly below a five-month high. "The bullion market's focus may shift to the upcoming FOMC two-day meeting on 27-28...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • HONG KONG, Jan 26- Li Ka- shing's hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month- good news for investment bankers close to the 86- year-old Hong Kong tycoon's empire. The brisk business- $108 billion of Asia M&A makes it the best start to a year, according to Thomson Reuters data- raises hopes that the Chinese Year of the Goat could...

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • *Euro slumps towards $1.11 to 11- year low, bond yields reach new lows. LONDON, Jan 23- The European Central Bank's plan to pump out about 1 trillion euros to revive the euro zone economy put stocks in the region on track for their best week since 2011 but hammered the shared currency. Oil prices rose on hopes for a boost to global growth from the ECB's landmark move,...

  • *China factory activity contracts for 2nd month. LONDON/ BEIJING, Jan 23- Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, vindicating the European Central Bank's decision to print money in a bid to revive inflation. Euro zone firms cut prices at the fastest rate in nearly five years and Chinese...

  • LONDON, Jan 23- Stocks and bonds surged worldwide and the euro sank to an 11- year-low on Friday, the day after the European Central Bank announced a quantitative easing plan. Oil rose following the death of the king of Saudi Arabia. Europe's FTSEurofirst 300 index responded with a 1.4 percent gain to 1,474 points, a seven-year high.

  • *China factory activity contracts for 2nd month. BEIJING/ SEOUL, Jan 23- Chinese factories were forced to cut prices for the sixth straight month in January to sell their products, while economic growth in South Korea slowed sharply, raising the prospect of more policy easing from major central banks in Asia. The weak manufacturing reading from China added to...

  • TOKYO, Jan 23- Asian stocks extended a global rally on Friday after the European Central Bank launched a landmark bond-buying stimulus programme that buoyed investors' risk appetite, drove bonds higher and kept the euro pinned near 11- year lows. Spreadbetters expect Europe to retain the previous session's sunny mood, forecasting Britain's FTSE to open up by...

  • China, Hong Kong stocks extend gains on policy optimism Thursday, 22 Jan 2015 | 11:56 PM ET

    SHANGHAI, Jan 23- China and Hong Kong shares were firmer by midday on Friday, propped up by rising expectations the Chinese central bank will move to ease liquidity to support the flagging economy. The Shanghai index has been notching weekly gains since early November, and is currently up 0.4 percent for the week. "The market has been rising for the past few days and...

  • *HSBC/ Markit Flash Manufacturing PMI at 49.8 in January. BEIJING, Jan 23- China's manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed. "Today's data suggest that the manufacturing...

  • SYDNEY/ SINGAPORE, Jan 23- The euro wallowed near an 11- year low on Friday after suffering a massive decline as the European Central Bank launched a stimulus program that would pump hundreds of billions in new money into a sagging euro zone economy. Even though it's intended to last until September 2016, it's not an actual line in the sand, "said Jesper Bargmann, head...

  • SINGAPORE, Jan 23- Gold steadied above $1,300 a tonne on Friday, near its strongest level in five months, after the European Central Bank launched a multi-billion bond-buying programme to invigorate the euro zone economy. Gold's gains came despite a slide in the euro which analysts say also attest to the metal's safe-haven draw. Gold may have room to rise further...

  • HSBC China factory index weak for second month Thursday, 22 Jan 2015 | 9:10 PM ET

    HONG KONG— China's manufacturing shrank for a second month in January, further evidence that momentum in the world's second-biggest economy remains weak after posting its slowest growth in more than two decades. HSBC said Friday its preliminary index of manufacturing activity, based on a survey of factory purchasing managers, rose to 49.8 from 49.6 in...

  • BEIJING, Jan 23- China's manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed. The HSBC/ Markit Flash Manufacturing Purchasing Managers' Index hovered at 49.8 in January, little...

  • BEIJING, Jan 23- China's manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed. The HSBC/ Markit Flash Manufacturing Purchasing Managers' Index hovered at 49.8 in January, little...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...