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HSBC Holdings PLC

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  • 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...

  • FXCM, one of the biggest platforms catering to online and retail traders of currencies, said the halt stemmed from the expectations of banks that Moscow would impose outright capital controls within the next few days. "As such, FXCM can no longer offer this instrument to our clients and will begin closing any existing client trades in USD/RUB effective at Noon...

  • LONDON, Dec 16- Greece's future in the euro zone may hang in the balance once more, but investors believe the market fallout from any current political turbulence can be insulated, unlike during the region's sovereign debt crisis of 2012.. In fact, an HSBC list of the 10 biggest market risks for 2015 does not even mention Greece, even though if the Greek parliament...

  • *Russia central bank shocks markets with massive rate hike. LONDON/ SYDNEY, Dec 16- The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis. Poor to mediocre business surveys in Asia and Europe released on Tuesday are...

  • Asian stocks mixed after Wall Street slide Tuesday, 16 Dec 2014 | 4:01 AM ET

    The ruble, under pressure from falling oil prices and Western sanctions over Moscow's conflict with Ukraine, had fallen as much as 20 percent before recovering. Benchmark U.S. crude rose 2 cents to close at $55.93 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.20 to close at $59.86 in London.

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December from November's final reading of...

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December from November's final reading of...

  • Dec 16- Russia was forced to ramp up interest rates on Tuesday in a desperate attempt to rescue its rouble while factory activity in China shrank for the first time in seven months, marking an increasingly turbulent end to the year for the global economy. Russia had to take drastic action to defend its currency, raising interest rates by no less than 5.5 percentage...

  • HONG KONG, Dec 16- China's yuan fell against the dollar on Tuesday as the central bank set a weaker midpoint, and on further indications that China will roll out more stimulus measures to shore up the sluggish economy. The yuan has been under pressure in the past month as demand for dollars from oil and coal companies increases near year-end, while a series of weak...

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, fueling expectations that more stimulus will be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in...

  • Survey: Chinese manufacturing contracted in December Monday, 15 Dec 2014 | 9:25 PM ET

    HSBC's preliminary purchasing managers' index fell to a seven month low of 49.5 from 50 in November, based on a 100- point scale on which numbers above 50 indicate expansion. It's the latest in a string of weak data on China's economy, which is struggling to meet its full-year growth target amid weak global demand. "The manufacturing slowdown continues in December...

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, fueling expectations that more stimulus will be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in...

  • BEIJING, Dec 16- Activity in China's factory sector shrank in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, adding to expectations that more stimulus may be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December...

  • NYMEX-U.S. crude holds near 5-year low below $56/bbl Monday, 15 Dec 2014 | 7:02 PM ET

    TOKYO, Dec 16- U.S. crude futures were trading on Tuesday below $56 a barrel and near a 5- year low hit in the prior session, dropping for a fifth session after the UAE oil minister said there was no need for an emergency OPEC meeting to support prices. *NYMEX crude for January delivery was down 22 cents at $55.69 a barrel by 2334 GMT, after settling down $1.90, or 3.3...

  • Business events scheduled for Tuesday Monday, 15 Dec 2014 | 2:07 PM ET

    WASHINGTON— Commerce Department releases housing starts for November, 8:30 a.m.. BERLIN— Germany's ZEW institute releases its monthly index of investor confidence in Europe's biggest economy. CHINA— HSBC preliminary China manufacturing purchasing managers' index.

  • BEIJING, Dec 15- China stocks fell on Monday as retail investors stopped ploughing money into blue chips and backed off from margin trading, two major factors behind a huge market rally in recent weeks. "The aggressive stocks and margin financing actually go together, it's margin financing's facilitator," said Xue Caofeng, head of research at Huaxi securities.

  • Business events scheduled for the coming week Friday, 12 Dec 2014 | 1:51 PM ET

    WASHINGTON— Commerce Department releases housing starts for November, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates. WASHINGTON— Labor Department releases Consumer Price Index for November, 8:30 a.m.; Commerce Department releases current account trade deficit for the third quarter, 8:30 a.m.; Federal Reserve...

  • Spain's 'Xnet' corruption fighters expose graft Friday, 12 Dec 2014 | 6:00 AM ET

    And the secretive members of Xnet want others outside Spain to follow their lead. The online drop box for citizens' complaints they set up just three months ago has already paid off, exposing some of Spain's biggest corruption scandals. Xnet's biggest coup came in October, when it made public documents helping prove that senior officials at Spain's bailed-out...

  • *Hong Kong stock market debut set for Dec 19. HONG KONG, Dec 12- Chinese automaker BAIC Motor Corp Ltd, part-owned by Germany's Daimler AG, is set to raise about $1.42 billion in an initial public offering in Hong Kong, people with knowledge of the deal said on Friday. The price would be just above the mid-point of a HK $7.60 to HK $9.80 marketing range, putting the total...

  • *Gold prices head for biggest weekly rise since June. LONDON, Dec 12- Gold prices steadied on Friday, on track for their biggest weekly rise since June, as the dollar retreated and sliding oil prices hurt risk appetite, prompting another drop in stocks. "Gold and silver have both had a very good week, going against the trend seen elsewhere," Saxo Bank's head of commodity...