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HSBC Holdings PLC

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  • *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.

  • *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.

  • *Rio Tinto, Mongolia agree on delayed $5 bln copper mine. SINGAPORE, May 19- Copper retreated on Tuesday as the dollar firmed, although hopes of Chinese demand recovering in the second half of the year capped losses while investors waited for more clues on economic conditions in the top consumer of the metal. Weakness in both the U.S. and Chinese economies has kept a...

  • *Goldman Sachs says ongoing oversupply to pull down prices. *Asian economies failed to fully benefit from cheap oil- HSBC. Goldman Sachs said Brent crude prices were due for a downward correction after a recent rally that saw prices of the North Sea benchmark jump 50 percent since its mid-January lows.

  • *Goldman Sachs says ongoing oversupply to pull down prices. *Asian economies failed to fully benefit from cheap oil- HSBC. Goldman Sachs said a recent rally that saw Brent prices jump over 40 percent since January was due a downward correction.

  • *Asian economies failed to fully benefit from cheap oil- HSBC. SINGAPORE, May 19- Brent oil prices dropped on Tuesday on signs of weakness at the world's top energy consumer China, while U.S. crude futures edged up on rising demand ahead of the summer driving season. Brent futures were down 9 cents at $66.18 a barrel by 0413 GMT, after an almost 1 percent fall on Monday on...

  • Brent crude oil prices dip on weak Asian economies Monday, 18 May 2015 | 9:52 PM ET

    *Asian economies failed to fully benefit from cheap oil- HSBC. SINGAPORE, May 19- Brent crude oil prices dipped on Tuesday as Asia's economies showed more signs of weakness, while U.S. prices edged up on the back of U.S. peak demand summer driving season. Instead, the first quarter probably represented a new low in the region's growth since the global financial crisis, "...