GO
Loading...

Enter multiple symbols separated by commas

HSBC Holdings PLC

More

  • WASHINGTON, May 6- Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. "Our new policy reflects our decision to continue to reduce our credit exposure over time to the coal mining sector globally," said Andrew Plepler,...

  • PARIS, May 6- U.S. bank JPMorgan Chase has been placed under formal investigation in France as part of a probe into alleged tax evasion by senior managers at investment firm Wendel, a court official said on Wednesday. A Paris- based spokesman for JPMorgan declined to comment on the move, part of a wider investigation in which as many as 14 Wendel executives face...

  • *HSBC, Standard Chartered fear further tax hike. LONDON, May 6- Lack of a clear winner in Britain's national election on Thursday is likely to impact the appetite of businesses to borrow, senior bankers told Reuters. Both the Conservative Party, which has led a coalition government with the Liberal Democrats for the past five years, and the opposition Labour Party...

  • *Traders face overnight shifts, early starts after UK vote. LONDON, May 6- After a five-week campaign that has left Britain's two main parties neck and neck going into Thursday's general election, London's dealing rooms are bracing for days rather than hours of uncertainty. Most famously in 1992, financial markets were so euphoric about the unexpected return of...

  • LONDON, May 6- Standard Chartered said it expected Britain to increase its bank levy again and the rising cost of the tax was a key issue in its assessment of whether to keep its headquarters in London or move to Asia. Standard Chartered Chairman John Peace told investors on Wednesday the Asia- focused bank had "no current plans to move" but was keeping its domicile...

  • *Liaoning province slashed its 2015 job creation target. BEIJING, May 6- As growth in China's sagging economy looks on the verge of spilling below 7 percent, officials worried about a spike in unemployment are pulling out all the stops to avoid mass lay-offs. The measures appear to be working for now, said a senior economist at the Development Research Centre, a...

  • BEIJING, May 6- China's services sector grew at its fastest pace this year in April as a sizzling stock market rally helped boost consumer confidence and spending, a private survey showed on Wednesday. Yet in a sign that China's economy still faces strong headwinds, the HSBC/ Markit China Services Purchasing Managers' Index showed final prices of services hit a...

  • SINGAPORE, May 6- Oil prices edged up on Wednesday towards 2015 highs reached in the previous session, supported by a weaker dollar and a disruption to crude exports in Libya. *U.S. crude for June delivery traded 43 cents higher at $60.83 a barrel by 0033 GMT. *Brent crude for June delivery was 24 cents higher at $67.76 a barrel, below its 2015 peak of $68.40 reached on...

  • A number of the biggest stories for markets- from the UK elections on Thursday to Greece's default drama to new opposition to the proposed Trans-Pacific Partnership trade agreement- have de-globalization at their core. Britain's May 7 election, unlikely to return a majority for any party, embeds within it twin threats: to British membership in the European...

  • Banks lead Britain's FTSE lower, focus on election Tuesday, 5 May 2015 | 11:59 AM ET

    LONDON, May 5- Britain's top share index ended lower on Tuesday tracking sharp losses in the U.S. market, with HSBC leading the banking sector down after saying a bank levy was hampering its ability to pay a higher dividend. After trading higher in the first, the blue-chip FTSE 100 index gave up gains and finished 0.8 percent weaker at 6,927.58 points, dragged down by...

  • Overhaul, not sale, on the cards for HSBC's U.S. arm Tuesday, 5 May 2015 | 10:55 AM ET

    LONDON, May 5- HSBC is set to extend a six year overhaul of its U.S. business to revive its fortunes rather than add it to the 77 businesses sold in the past four years, the British bank's boss said on Tuesday. HSBC Chief Executive Stuart Gulliver has said he could sell underperforming businesses in the United States, Brazil, Mexico and Turkey if they cannot be turned...

  • Wall Street edgy as data dominates Tuesday, 5 May 2015 | 8:45 AM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stock index futures indicated a lower open amid of a raft of data releases, which investors will look to for signals on the timing of a rate hike.

  • LONDON, May 5- HSBC warned on Tuesday that Britain's bank tax was preventing it from raising dividend payouts and that was a key concern of investors as the bank assesses whether to move back to Hong Kong from London. Europe's largest bank has ordered a review of whether it should shift its headquarters because of the cost of operating from London and said it would...

  • HSBC first quarter pretax profits up 4 percent Tuesday, 5 May 2015 | 5:31 AM ET

    LONDON— HSBC, Europe's biggest bank, said Tuesday that pretax profits were up 4 percent to $7.1 billion in the first quarter from a year earlier, even as it beat back increasing regulatory costs. Gulliver says HSBC will continue "to deliver cost-savings over the remainder of 2015 and beyond." "In our opinion, HSBC still has some seriously heavy lifting to do if it is to...

  • HSBC profits bounce back as tax inquiry looms Tuesday, 5 May 2015 | 4:51 AM ET

    Shares in global bank rise on Q1 results just days after its annual general meeting, at which it said that it was considering moving from London.

  • SHANGHAI, May 5- A boom in China's stock market this year has delivered limited support to a rapidly cooling economy, helping cash-starved small firms raise funds but failing to boost consumption. "The market's boom has made corporate fund-raising easier, particularly for small and medium-sized companies," which are shunned by banks for loans, said Guo Yanling,...

  • Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.

    Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. Financial spreadbetters expected European markets to open mixed, with Britain's FTSE 100 likely to open 0.7 percent...

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar briefly fell after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. "Cautious and uncertain households mean rate cuts are less effective today," said Jasmin Argyrou, senior investment...

  • *Stocks hold on to early gains, MSCI Asia ex- Japan up 0.1%. HONG KONG, May 5- Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut. Australian stocks held on to their early gains while the MSCI's broadest index of...