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HSBC Holdings PLC

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  • 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...

  • 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...

  • 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.

  • *Russia central bank shocks markets with massive rate hike. LONDON/ SYDNEY, Dec 16- The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis. Poor to mediocre business surveys in Asia and Europe released on Tuesday are...

  • Asian stocks mixed after Wall Street slide Tuesday, 16 Dec 2014 | 4:01 AM ET

    The ruble, under pressure from falling oil prices and Western sanctions over Moscow's conflict with Ukraine, had fallen as much as 20 percent before recovering. Benchmark U.S. crude rose 2 cents to close at $55.93 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.20 to close at $59.86 in London.

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December from November's final reading of...

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December from November's final reading of...

  • Dec 16- Russia was forced to ramp up interest rates on Tuesday in a desperate attempt to rescue its rouble while factory activity in China shrank for the first time in seven months, marking an increasingly turbulent end to the year for the global economy. Russia had to take drastic action to defend its currency, raising interest rates by no less than 5.5 percentage...

  • HONG KONG, Dec 16- China's yuan fell against the dollar on Tuesday as the central bank set a weaker midpoint, and on further indications that China will roll out more stimulus measures to shore up the sluggish economy. The yuan has been under pressure in the past month as demand for dollars from oil and coal companies increases near year-end, while a series of weak...