GO
Loading...

HSBC Holdings PLC

More

  • Surveys show China manufacturing weak in March Wednesday, 1 Apr 2015 | 9:51 AM ET

    BEIJING— China's manufacturing was lackluster in March and industrial employers shed more jobs, two surveys showed Wednesday, adding to pressure on Beijing to shore up weakening growth in the world's second-largest economy. HSBC's monthly manufacturing index, which is based on a survey of factory purchasing managers, fell to 49.6 from 50.7 in February on a...

  • Morgan Stanley said 62 percent of investors polled at its European financial industry conference said the negatives of having a global banking business outweighed the benefits as regulations had "become overbearing" for the largest firms. "We found it striking that some management teams are seeking to make their businesses simpler, and we believe investors...

  • SHANGHAI, April 1- China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players. China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme- covering 99.6 percent of depositors...

  • WARSAW, April 1- Manufacturing activity in central Europe expanded strongly in March thanks to the region's close ties to the reviving euro zone- as well as to it avoiding excessive currency gains by keeping monetary policy loose. In the export-reliant Czech Republic, the Purchasing Managers' Index for manufacturing rose to 56.1 from February's 55.6, boosted...

  • SHANGHAI, April 1- China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players. China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme- covering 99.6 percent of depositors...

  • *Companies struggling in China and much of Asia. April 1- Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there. But three separate surveys of China's factory and services sectors released on Wednesday...

  • Gloomy China, Japan data add to pressure for stimulus Wednesday, 1 Apr 2015 | 5:36 AM ET

    BEIJING— China and Japan reported gloomy industrial data Wednesday, adding to pressure on leaders of the world's second- and third-largest economies to launch new stimulus. Both China and Japan are relying on U.S. demand and a strong dollar to offset internal problems. The surveys by HSBC Corp. and an industry group, the China Federation of Logistics and...

  • *Oil remains under pressure as talks on Iran continue. Europe's benchmark FTSEurofirst 300 recovered from a early wobble to put London's FTSE Germany's DAX and France's CAC up 0.5, 0.3 and 0.5 percent higher respectively as core bond markets yields nudged higher. Crude oil prices maintained their decline as an extension of talks between Iran and world powers...

  • Upbeat European data prompts stock market turnaround Wednesday, 1 Apr 2015 | 2:42 AM ET

    TOKYO— Asian stock markets mostly sagged Wednesday as China's manufacturing remained weak in February and a Japanese central bank survey showed businesses are wary about the economic outlook. But Hong Kong's Hang Seng index rose 0.7 percent to 25,074.61 and the Shanghai Composite Index added 1.4 percent to 3,799.64 on speculation authorities will do more...

  • April 1- Companies struggled in China and much of the rest of Asia in March amid persistently weak domestic and global demand, suggesting that policymakers may have to resort to more stimulus to spur growth. The official Purchasing Managers' Index ticked up to 50.1 in March from 49.9 in February, but a separate private survey from HSBC which focuses on small and...

  • March 31- A New York judge this week dismissed a lawsuit filed by the state's attorney general that accused HSBC Holdings Plc of ignoring a law designed to protect homeowners from foreclosure. The lawsuit, filed in 2013 by New York Attorney General Eric Schneiderman, alleged HSBC violated a state law requiring lenders to file paperwork, known as a request for...

  • BEIJING/ SHANGHAI, April 1- Surveys of China's factory and services sectors showed stubborn weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. "We expect first-quarter growth to drop to 6.8 percent and the government might start easing policies...

  • HONG KONG, April 1- China's yuan firmed against the dollar on Wednesday, helped by better-than-expected factory sector activity, even though the central bank set a weaker midpoint for the currency for the fourth consecutive day. The final HSBC/ Market China Manufacturing PMI came in at 49.6, also slightly higher than a preliminary "flash" reading of 49.2 but still...

  • Surveys show China manufacturing weak in February Tuesday, 31 Mar 2015 | 10:39 PM ET

    BEIJING— China's manufacturing was lackluster in February and industrial employers shed more jobs, two surveys showed Wednesday, adding to pressure on Beijing to shore up weakening growth in the world's second-largest economy. HSBC's monthly manufacturing index, which is based on a survey of factory purchasing managers, fell to 49.6 from 50.7 in January on a...

  • BEIJING, April 1- Surveys of China's manufacturing and services sectors showed persistent weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. In another sign that businesses faced lackluster demand, a separate survey of China's services sector showed the...

  • March 31- A court in Buffalo, New York, dismissed a petition on Monday filed by New York state, alleging that HSBC Holdings Plc ignored a law designed to protect homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortgages. The lawsuit filed by Attorney General Eric Schneiderman in 2013 accused HSBC of letting...

  • SHANGHAI, April 1- CHINA HSBC MARCH FINAL MANUFACTURING PMI 49.6. The final HSBC/ Market China Manufacturing Purchasing Managers' Index came in at 49.6, slightly higher than a preliminary "flash" reading of 49.2 but still below the 50- mark which separates contraction from expansion. Meanwhile, company downsizing contributed to a further decline in...

  • BEIJING, April 1- Activity in China's factory sector unexpectedly picked up in March but remained weak, an official survey showed, reinforcing signs of persistent sluggishness in the economy which may need further policy support. The official Purchasing Managers' Index, released by the National Bureau of Statistics on Wednesday, edged up to 50.1 in March from...

  • SEOUL, April 1- South Korean exports fell the most in two years in March and inflation hit its lowest since 1999, weakening economic momentum and putting the central bank under pressure to cut interest rates again. "South Korea's economy needs both consumption and exports to escape this rut, and exports are more important out of the two," said Im No-jung, chief...

  • NYMEX-Crude edges up as Iran nuclear talks drag on Tuesday, 31 Mar 2015 | 7:20 PM ET

    TOKYO, April 1- U.S. crude futures edged up on Wednesday, following a more than 7 percent decline over the past three days, as Iran and world powers negotiated beyond a Tuesday deadline, raising uncertainty over a nuclear deal that could add to a global crude glut. *NYMEX crude for May delivery was up 9 cents at $47.69 a barrel by 2257 GMT, after settling down $1.08 at...