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HSBC Holdings PLC

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  • LONDON, May 21- Sterling hit a two-month high versus the euro and jumped against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April, recovering from a fall the previous month. But the sales figures eased concerns that a slowdown in Britain's economy in the first quarter might be the start of a longer period of...

  • *Islamic State attacks in Iraq support prices. LONDON, May 21- Oil rose further above $65 a barrel on Thursday, gaining for a second day, supported by expectations that a global supply glut is starting to ease and by fighting in Iraq. "Brent is getting a bit of impetus from the threat Islamic State is posing in Iraq," said Christopher Bellew, senior broker at Jefferies...

  • SHANGHAI, May 21- China's main stock indexes hit seven-year closing highs on Thursday despite a weak factory activity survey, and intense buying pushed Shenzhen's start-up board ChiNext up more than 3 percent to another record. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, HSBC's China...

  • *Shanghai stocks focus on potential positives of weak China PMI. TOKYO, May 21- Stock market gains were capped on Thursday in much of Asia in the wake of China's downbeat factory activity data, but shares in Shanghai focused on the potential positives from the weak reading and rallied. Spreadbetters forecast a slightly lower open for Britain's FTSE, Germany's DAX...

  • World stocks uneven after Chinese, eurozone data Thursday, 21 May 2015 | 1:53 AM ET

    TOKYO— World stock markets were lackluster Thursday after China's economy showed new signs of weakness but the Shanghai benchmark surged on hopes for more government stimulus. France's CAC 40 shed 0.4 percent to 5,112.55 and Germany's DAX dropped 0.6 percent to 11,774.01. Britain's FTSE 100 was little changed at 7,006.80.

  • *China factory activity contracts for third straight month in May. *No signs of a Q2 pickup in Asia- HSBC. The lacklustre performance in China and Japan, along with alarmingly weak export data from South Korea and Taiwan, put the burden of supporting global growth squarely on Europe and particularly the United States, which is struggling to get back on track after a...

  • *ChiNext jumps again, with green shoots seen in Hangzhou. SHANGHAI, May 21- China stocks remain bullish Thursday morning, despite a weak factory activity survey, with Shenzhen's start-up board staying in the spotlight with a more than 3 percent jump to fresh highs. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate...

  • *HSBC flash PMI signals persistent weakness in economy. The poor reading, which followed a raft of downbeat April data, reinforced analysts' views that Beijing has to take bolder steps to combat a protracted slowdown, as growth threatens to drop below 7 percent for the first time since the global financial crisis. The preliminary HSBC/ Markit Purchasing Managers'...

  • *Asia stocks subdued after soft China data, lower Wall Street. TOKYO, May 21- Japanese shares hit a new 15- year high on Thursday on hopes that its long-moribund economy was finally coming to life, but weak China factory activity capped stock market gains in much of the rest of Asia. But, reflecting the overall more sombre mood with overnight losses on Wall Street and...

  • SINGAPORE, May 21- London copper futures edged higher on Thursday, bouncing off the previous session's three-week low after another soft Chinese manufacturing report suggested Beijing may have to do more to stimulate the world's No. 2 economy. Three-month copper on the London Metal Exchange was up half a percent at $6,253.50 a tonne by 0219 GMT, after touching...

  • HONG KONG— Manufacturing in China shrank for the third straight month in May as demand remained soft, raising the chances of more stimulus to prop up growth in the world's No. 2 economy. Softer domestic and overseas demand and factory job cuts indicate that China's outsize manufacturing industry, which employs many millions of people, "may find it difficult to...

  • *HSBC flash PMI signals persistent weakness in economy. BEIJING, May 21- Chinese factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, a private survey showed, indicating persistent weakness in the world's second-largest economy that requires increased policy support. The flash HSBC/ Markit Purchasing...

  • *MSCI Asia-Pacific index little changed. TOKYO, May 21- Asian stocks treaded water early on Thursday, with overnight Wall Street losses acting as a drag, while the dollar held to broad gains after minutes from the Federal Reserve's April minutes contained no major surprises. We maintain our view of a first hike in September, "strategists at Barclays said.

  • METALS-Copper holds near 3-week low ahead of China PMI Wednesday, 20 May 2015 | 8:36 PM ET

    SINGAPORE, May 21- London copper futures steadied near their lowest level in three weeks early on Thursday ahead of key manufacturing data on China that may provide more clues on the extent of economic slowdown in the world's top consumer of the metal. *Three-month copper on the London Metal Exchange was little changed at $6,219 a tonne by 0028 GMT, after touching...

  • In FX rigging: "If you ain't cheating, you ain't trying" Wednesday, 20 May 2015 | 1:07 PM ET

    LONDON, May 20- Foreign exchange traders clubbed together in a brazen "heads I win, tails you lose" strategy to rip off customers as they rigged the $5 trillion- per-day currency market, British and U.S. authorities said on Wednesday. A Barclays employee was quoted as saying in 2010: "markup is making sure you make the right decision on price... which is whats the worst...

  • LONDON, May 20- Swiss bank UBS said it has settled a probe by U.S. authorities over alleged rigging of currency markets and will pay $342 million to the Federal Reserve. UBS said it would also pay a $203 million penalty and plead guilty to criminal charge with the U.S. Department of Justice, but that relates to manipulation of Libor benchmark interest rates.

  • *Gold hits 1- week low after sharp 1.5 percent overnight loss. SINGAPORE, May 20- Gold slid to its lowest in a week on Wednesday, extending steep overnight losses triggered by a stronger dollar and stock market, with traders now waiting for minutes of the Federal Reserve's policy meet for clues on the U.S. rate outlook. Spot gold fell 0.3 percent to $1,204 an ounce by...

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union and an industry lobby group said several other banks are mothballing investments until the outcome of Britain's EU referendum is known. It is not the only one to rethink...

  • May 19- Prime Minister David Cameron has pledged to renegotiate Britain's ties with Europe and then give voters an in-out referendum on European Union membership by the end of 2017.. As Vodafone, we are convinced that for our shareholders, our customers and the company itself, it would be good to stay in Europe and it would be good to support the creation of a single...

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tuesday, after Deutsche Bank revealed it was considering cutting down its UK operations should the country pull out.