HSBC Holdings PLC


  • *Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.

  • BEIJING/ LONDON/ NEW YORK, Aug 1- Manufacturing activity in China and most of Asia gathered pace in July, while expansion slowed in Europe but remained healthy in the United States. Measured by manufacturing purchasing managers' indices published on Friday, economic stimulus measures are gaining traction in China, the world's second-largest economy.

  • *Gold steadies after falling 1 pct on Thursday. *Physical demand in Asia provides little support. LONDON, Aug 1- Gold rose 1 percent on Friday a day after touching a six-week low as U.S. payrolls data missed expectations, dampening talk of an early interest rate rise by the Federal Reserve and pressuring the dollar.

  • *Iliad bid $15 bln for 56.6 pct of T-Mobile US at $33/ share. PARIS/ FRANKFURT, Aug 1- Telecoms group Iliad has lined up BNP Paribas and HSBC to finance its bid for T-Mobile US, people familiar with the matter said, as it pursues a deal that could overturn expectations of industry consolidation in both the United States and France.

  • WARSAW, Aug 1- Poland's manufacturing sector, burdened by one of Europe's highest interest rates and strong trade links with Russia, shrank for the first time in 13 months in July, while factory activity roared ahead in the Czech Republic and Hungary.

  • BANGALORE/ SYDNEY, Aug 1- Manufacturing activity in China and most of Asia gathered pace in July as firms responded to burgeoning new orders by raising output, hinting at a revival in global trade, although euro zone factories barely managed to chug along. The HSBC/ Markit measure also rose to 51.7, an 18- month peak.

  • *Gold steadies after falling 1 pct on Thursday. LONDON, Aug 1- Gold firmed on Friday, edging further above the previous day's six-week low as the dollar steadied off a 10- month peak, but moves were muted ahead of key U.S. payrolls data which could prompt a further wave of selling.

  • *Iliad lines up deal financing with BNP, HSBC- sources. *Iliad bid $15 bln for 56.6 percent of T-Mobile US at $33/ share. PARIS, Aug 1- French telecoms company Iliad has lined up financing for its $15 billion bid for 56.6 percent of T-Mobile US from BNP Paribas and HSBC, three people familiar with the matter said on Friday.

  • *Dubai World proposes to make 1st big repayment early, delay 2nd. DUBAI, Aug 1- Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of state-owned Dubai World, one of the Middle East's largest ever debt deals.

  • SYDNEY, Aug 1- Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. The upbeat result was echoed in the HSBC/ Markit China measure of manufacturing which climbed to an 18- month peak of 51.7, from June's 50.7.

  • A separate PMI published by HSBC/ Markit also rose to 51.7, its best performance in 18 months. Now that looser monetary policy is having its intended effect, some analysts questioned the need for more economic stimulus in China, at least in the near term.

  • SEOUL, Aug 1- South Korean exports in July grew at their fastest annual clip in seven months, but relatively subdued inflation and weakness in shipments to China kept alive the prospect of an interest rate cut at this month's central bank policy review.

  • Survey: China manufacturing at 27-month high Thursday, 31 Jul 2014 | 9:57 PM ET

    A separate PMI by HSBC, also released Friday, was revised down to 51.7 from its preliminary reading of 52, but still the strongest rate of improvement in a year and half.

  • The HSBC/ Markit China manufacturing Purchasing Managers' Index climbed to 51.7 last month, up from June's 50.7 but slightly below a preliminary reading of 52.. Growth in new export orders accelerated at the second-fastest pace in 44 months, HSBC/ Markit said.

  • China's final HSBC PMI hits 18-month peak in July Thursday, 31 Jul 2014 | 9:48 PM ET

    BEIJING, Aug 1- China's vast factory sector posted its strongest growth in 18 months in July as new orders surged to multi-month highs, a private survey showed on Friday, adding to signs the economy is regaining momentum after a flurry of government stimulus measures.

  • *July official PMI at 51.7, highest since April 2012. BEIJING, Aug 1- Activity in China's vast factory sector expanded at the fastest pace in 27 months in July on stronger demand, a government survey showed, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.

  • *July HSBC/ Markit mfg, export orders PMIs both miss 50. South Korea's exports in July grew 5.7 percent from a year earlier to $48.42 billion and imports rose 5.8 percent to $45.90 billion, the trade ministry data showed.

  • *Gold melts to a 6- week low, oil hits 4- month trough. SYDNEY, Aug 1- Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent.

  • *CVR Refining said on Thursday that its 115,000- barrel-per-day Coffeyville, Kansas, refinery, which is a major consumer of West Texas Intermediate crude, could be down four weeks after a July 29 fire in the facility's isomerization unit.

  • SEOUL, Aug 1- South Korea's manufacturing activity shrank for a third consecutive month in July but the pace eased from June, a private-sector survey showed on Friday, as the export-reliant economy continued to struggle to regain momentum.