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HSBC Holdings PLC

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  • A number of the biggest stories for markets- from the UK elections on Thursday to Greece's default drama to new opposition to the proposed Trans-Pacific Partnership trade agreement- have de-globalization at their core. Britain's May 7 election, unlikely to return a majority for any party, embeds within it twin threats: to British membership in the European...

  • Banks lead Britain's FTSE lower, focus on election Tuesday, 5 May 2015 | 11:59 AM ET

    LONDON, May 5- Britain's top share index ended lower on Tuesday tracking sharp losses in the U.S. market, with HSBC leading the banking sector down after saying a bank levy was hampering its ability to pay a higher dividend. After trading higher in the first, the blue-chip FTSE 100 index gave up gains and finished 0.8 percent weaker at 6,927.58 points, dragged down by...

  • Overhaul, not sale, on the cards for HSBC's U.S. arm Tuesday, 5 May 2015 | 10:55 AM ET

    LONDON, May 5- HSBC is set to extend a six year overhaul of its U.S. business to revive its fortunes rather than add it to the 77 businesses sold in the past four years, the British bank's boss said on Tuesday. HSBC Chief Executive Stuart Gulliver has said he could sell underperforming businesses in the United States, Brazil, Mexico and Turkey if they cannot be turned...

  • LONDON, May 5- HSBC warned on Tuesday that Britain's bank tax was preventing it from raising dividend payouts and that was a key concern of investors as the bank assesses whether to move back to Hong Kong from London. Europe's largest bank has ordered a review of whether it should shift its headquarters because of the cost of operating from London and said it would...

  • HSBC first quarter pretax profits up 4 percent Tuesday, 5 May 2015 | 5:31 AM ET

    LONDON— HSBC, Europe's biggest bank, said Tuesday that pretax profits were up 4 percent to $7.1 billion in the first quarter from a year earlier, even as it beat back increasing regulatory costs. Gulliver says HSBC will continue "to deliver cost-savings over the remainder of 2015 and beyond." "In our opinion, HSBC still has some seriously heavy lifting to do if it is to...

  • SHANGHAI, May 5- A boom in China's stock market this year has delivered limited support to a rapidly cooling economy, helping cash-starved small firms raise funds but failing to boost consumption. "The market's boom has made corporate fund-raising easier, particularly for small and medium-sized companies," which are shunned by banks for loans, said Guo Yanling,...

  • Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.

    Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. Financial spreadbetters expected European markets to open mixed, with Britain's FTSE 100 likely to open 0.7 percent...

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar briefly fell after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. "Cautious and uncertain households mean rate cuts are less effective today," said Jasmin Argyrou, senior investment...

  • *Stocks hold on to early gains, MSCI Asia ex- Japan up 0.1%. HONG KONG, May 5- Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut. Australian stocks held on to their early gains while the MSCI's broadest index of...

  • Dollar firm on light trade, Swedish crown jumps Monday, 4 May 2015 | 4:38 PM ET

    The dollar edged higher in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing.

  • *Gold snaps 3- day losing streak with 1 pct rally. *Silver climbs to highest level in nearly 4 weeks. NEW YORK/ LONDON, May 4- Gold climbed 1 percent on Monday, buoyed by weak Chinese factory data and earlier dollar weakness, lifting prices above the prior session's six-week low, though caution over the timing of a U.S. interest rate hike kept prices hemmed within a narrow...

  • In Poland, the region's biggest economy, the manufacturing PMI eased, for the third month running, to 54.0 from 54.8 in March, capped by a slower increase in new orders, data compiled by Markit and HSBC showed. "The data show some weakening, but they do not alter our expectations for the decision of central banks in the region or economic growth," said Piotr Kalisz, chief...

  • LONDON, May 4- European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch. Euro zone powerhouse Germany's manufacturing sector lost some momentum in April but continued to expand while in France the sector's final PMI showed activity...

  • HONG KONG, May 4- Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. Spreadbetters expected the equity markets to open firmer in Europe, forecasting Germany's DAX and France's CAC to...

  • HONG KONG, May 4- Asian stocks bounced from their lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. The HSBC/ Markit Purchasing Managers' Index showed factory activity in China contracted at its fastest rate...

  • China's yuan falls after weak factory sector survey Sunday, 3 May 2015 | 11:16 PM ET

    HONG KONG, May 4- China's yuan edged down against the dollar on Monday after a private survey showed activity at the country's factories shrank at the fastest rate in a year. The HSBC/ Markit Purchasing Managers' Index fell to 48.9 in April- the lowest level since April 2014- from 49.6 in March, as demand faltered and deflationary pressures persisted.

  • HONG KONG— Chinese manufacturing suffered its sharpest contraction in a year in April, raising pressure on Beijing to roll out new stimulus to keep growth in the world's No. 2 economy from slipping below the official target, a report said Monday. HSBC's manufacturing index based on a survey of factory purchasing managers fell to a 12- month low of 48.9 in April...

  • *Shanghai shares lower, Aussie dollar slips in reaction. "China's manufacturing sector had a weak start to Q2, with total new business declining at the quickest rate in a year while production stagnated," said Annabel Fiddes, an economist at Markit. Shanghai shares were off 0.6 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen...

  • BEIJING, May 4- China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh policy stimulus to halt a slowdown in the world's second-largest economy. The HSBC/ Markit Purchasing Managers' Index fell to 48.9 in April- the lowest level since April 2014- from...