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HSBC Holdings PLC

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  • *Electrolux and Renault advance after results. LONDON, April 24- European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. There was also cautious optimism on Greece after German Chancellor Angela Merkel expressed hope that a...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. LONDON, April 24- HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for finance and...

  • *Euro zone banks best relative value since 2012- Barclays. LONDON, April 24- European banking shares, shunned by investors after the lenders accrued a spate of expensive fines and were hit by restrictive new regulation, are attracting interest again as the outlook for lending improves and valuations look to be bottoming out. Morgan Stanley and Goldman Sachs said...

  • *Electrolux and Renault, rise after results. LONDON, April 24- European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. There was also optimism regarding Greece, after German Chancellor Angela Merkel said she had had a "...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. LONDON, April 24- HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for finance and...

  • LONDON, April 24- HSBC Holdings said 23.7 percent of investors who voted opposed its remuneration report for 2014, representing a significant backlash against the bank's pay policy.

  • LONDON, April 24- Deutsche Bank's expected move to sell much of its retail banking business will see it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to slash trading operations...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. Shareholders have urged HSBC to consider moving back to its former Hong Kong home after a big jump in UK bank tax and other costs and regulations associated with being based in London.

  • BEIJING, April 24- China plans to take a giant step towards making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later this year. Under the pilot scheme, firms in the Shanghai free trade zone can move the yuan and other foreign...

  • European shares rise as DAX and Greek markets rally Friday, 24 Apr 2015 | 6:07 AM ET

    *Electrolux and Renault, rise after results. LONDON, April 24- European shares climbed higher on Friday, boosted by encouraging corporate earnings and upbeat economic data, while the volatile Athens market also rose on prospects for a deal over Greece's debt crisis. There was also optimism regarding Greece, after German Chancellor Angela Merkel said she had a "...

  • LONDON, April 24- Standard Chartered said it was "listening very carefully" to shareholders on whether the Asia- focused bank should consider moving its headquarters out of Britain following the recent rise in UK bank tax. Rival HSBC said on Friday it has started a review of whether to move domicile out of Britain, and Reuters has previously reported investors...

  • HSBC considers moving headquarters from Britain Friday, 24 Apr 2015 | 5:10 AM ET

    LONDON— Global bank HSBC said Friday it is considering moving its headquarters from London due to tougher regulation since the 2008 financial crisis, a politically charged announcement two weeks before Britain's national election. Douglas Flint, chairman of the sprawling multinational, cited concerns over reforms including a demand to separate HSBC's...

  • *Electrolux, Renault, Sabadell all rise after results. LONDON, April 24- European shares rose in early deals on Friday, boosted by encouraging earnings reports, with investors also cautiously optimistic over the prospects of a deal over Greece's debt crisis. Renault rose 4.3 percent after it said first-quarter revenue rose 13.7 percent, as Europe's auto-market...

  • LONDON, April 24- HSBC Holdings, Europe's biggest bank, said it has started a review of whether to move its headquarters out of Britain following regulatory and structural changes in the industry. "The board has therefore now asked management to commence work to look at where the best place is for HSBC to be headquartered in this new environment," said HSBC Chairman...

  • *Gold prices recover after Wednesday's drop. NEW YORK/ LONDON, April 23- Gold rose from a three-week low on Thursday, following its biggest drop in over a month on Wednesday, as the dollar retreated on weaker-than-expected U.S. economic data. Gold fell 1.3 percent on Wednesday, its biggest daily decline since March 6, pressured by a stronger dollar after U.S. home...

  • LONDON/ SYDNEY/ NEW YORK, April 23- Business activity weakened in China and Japan in April and growth slowed in Europe and the U.S., suggesting the global economy may be less robust than policymakers are predicting. In China, where the government has been engineering a rebalancing of its economy towards domestic spending and away from reliance on exports of...

  • LONDON, April 23- British finance minister George Osborne met his latest deficit reduction target, avoiding embarrassment two weeks before the election, but weak retail sales figures raise the risk that growth has slowed. And at just over 80 percent of GDP, net public debt has more than doubled since before the financial crisis, potentially weakening Britain's...

  • SHANGHAI, April 23- China stocks rose to fresh seven-year highs on Thursday, with weaker-than-expected factory activity data reinforcing expectations of fresh government stimulus. The flash HSBC/ Markit Purchasing Managers' Index showed that China's factory activity in April contracted at its fastest pace in a year, suggesting that economic conditions...

  • *Net flow into China's stock market totalled 781.4 billion yuan last week. SHANGHAI, April 23- China stocks advanced to fresh seven-year highs on Thursday as weaker-than-expected factory activity data reinforced expectations that Beijing will roll out more stimulus measures and keep the financial system flush with cash. Investors only care about the...

  • Stocks turn lower after weak global economic surveys Thursday, 23 Apr 2015 | 12:16 AM ET

    TOKYO— Shares turned lower in European trading on Thursday, sapped by gloomy manufacturing data from the eurozone, China and Japan. HSBC bank said a preliminary version of its index based on a survey of factory purchasing managers in China fell to its lowest point in a year in April. EARNINGS: In corporate earnings, networks giant Ericsson was its shares slide 8...