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  • *Gold ticks up after last week's 2- pct loss. SINGAPORE, Dec 22- Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal's safe-haven appeal. "The bullion market faces tough upside resistance and further gains may be an uphill battle," said HSBC analyst James Steel.

  • *Gold ticks up after last week's 2- pct loss. SINGAPORE, Dec 22- Gold edged up on Monday on buying interest from Asia but retained most of last week's losses, as strength in the dollar and equities dulled the metal's safe-haven appeal. "The bullion market faces tough upside resistance and further gains may be an uphill battle," said HSBC analyst James Steel.

  • HONG KONG, Dec 22- A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors. The authorities had hoped mutual and pension funds and private banks would form the bedrock of the Shanghai- Hong Kong stock connect. "We are not participating...

  • *Metro Bank broke mould by using software supplier. LONDON, Dec 21- When Metro Bank prepared to launch in 2010 as the first new bank to appear on British high streets for over a century, its founders broke with convention by outsourcing the construction of its computer systems. "That's the way the whole process developed in America," said Metro Bank co-founder Vernon...

  • HONG KONG, Dec 19- Hong Kong's de facto central bank said it found no evidence of rigging in Hong Kong's foreign exchange benchmark following an 18- month investigation into the trading operations of 10 banks. However, it identified "inappropriate" behavior by individual traders at Standard Chartered and Deutsche Bank. The HKMA began the investigation into...

  • *Gold cuts weekly loss, other precious metals also firmer. SINGAPORE, Dec 19- Gold edged up above $1,200 an ounce on Friday as buyers helped the metal hold up against rising equity markets, paring losses fueled by worries over a looming hike in U.S. interest rates. A surge in gold prices to above $1,230 an ounce last week from around $1,140 a week earlier has spurred...

  • SHANGHAI, Dec 19- China's yuan is plunging to fresh lows in December, declining 1.3 percent so far this month, heading toward its worst monthly performance since February and set to close the year down over 2 percent. "This is a dollar strength story and the CNY moves are market-driven," said Dominic Bunning, senior FX strategist at HSBC in Hong Kong.

  • China's yuan set for third biggest weekly fall in 2014 Thursday, 18 Dec 2014 | 10:13 PM ET

    HONG KONG, Dec 19- China's currency is on track for its third biggest weekly loss against the dollar this year as a resurgent greenback finally caught up with the renminbi in the Asian currency complex. That support gave way this week after data showed activity in China's factory sector contracted in December for the first time in seven months prompting some...

  • SINGAPORE, Dec 19- Gold steadied below $1,200 an ounce on Friday and was set to end a two-week rally as the dollar gained on expectations that the U.S. * "Gold prices are currently capped by a stronger dollar and ongoing weak oil prices. Despite this, gold keeps challenging the $1,200/ oz level, " HSBC analysts said in a note.

  • ZURICH, Dec 18- Denise Anderegg is happy enough about the Swiss National Bank's decision to charge banks for deposits. Foreign banks that accept overseas deposits seeking a safe haven in Switzerland are likely to be hit hardest, according to bankers and economists. Credit Suisse, UBS and cooperative bank Raiffeissen have said they will not be affected by...

  • LONDON, Dec 18- Team bonding is the theme for Christmas parties in London's financial district this year as managers tone down the annual knees-up and label it as staff development. Before the 2008 crisis, a specially erected marquee in London's Canary Wharf offered Christmas parties with sit-down dinner, free-flowing champagne and a band on stilts for banks...

  • China's yuan at 5-month lows after weak fixing Wednesday, 17 Dec 2014 | 10:57 PM ET

    HONG KONG, Dec 18- China's yuan slumped to a five-month low against the dollar on Thursday after the central bank set a weaker daily midpoint fix, prompting investors to cut exposure to the local currency. While emerging market currencies have been under pressure in recent days thanks to a rapid drop in oil prices and a financial crisis in Russia, China's yuan has...

  • View from the ground: China stabilizing, not slowing Wednesday, 17 Dec 2014 | 10:12 PM ET

    China's economy stabilized in the fourth quarter as the services sector and manufacturing sector strengthened, according to the China Beige Book.

  • The strong debt issuance outlook comes on top of a record year for the "dim sum" bond market which has seen 324 billion yuan in bond issuance so far this year, a 74 percent increase from 2013 volumes, according to Thomson Reuters data. "It's trade settlement that drives the dim sum bond market in the end," said Andrew Malcolm, capital markets partner at Linklaters in Hong...

  • 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...

  • World set to end year in brittle economic state Tuesday, 16 Dec 2014 | 6:46 PM ET

    The global economy is in a fragile state with low factory activity in China, weak euro zone business growth, and Russian currency crisis.

  • China’s top five macro themes next year: HSBC Tuesday, 16 Dec 2014 | 5:49 PM ET

    With disappointing economic data chasing China into the new year, HSBC is cutting its growth forecasts, citing five key themes for the economy.

  • 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...

  • Co-op Bank fails stress tests: Lloyds dividend threat Tuesday, 16 Dec 2014 | 8:05 AM ET

    Co-operative Bank has failed a key test of how it would perform in a financial crisis by the Bank of England.