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  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, fueling expectations that more stimulus will be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in...

  • Survey: Chinese manufacturing contracted in December Monday, 15 Dec 2014 | 9:25 PM ET

    HSBC's preliminary purchasing managers' index fell to a seven month low of 49.5 from 50 in November, based on a 100- point scale on which numbers above 50 indicate expansion. It's the latest in a string of weak data on China's economy, which is struggling to meet its full-year growth target amid weak global demand. "The manufacturing slowdown continues in December...

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, fueling expectations that more stimulus will be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in...

  • BEIJING, Dec 16- Activity in China's factory sector shrank in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, adding to expectations that more stimulus may be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December...

  • NYMEX-U.S. crude holds near 5-year low below $56/bbl Monday, 15 Dec 2014 | 7:02 PM ET

    TOKYO, Dec 16- U.S. crude futures were trading on Tuesday below $56 a barrel and near a 5- year low hit in the prior session, dropping for a fifth session after the UAE oil minister said there was no need for an emergency OPEC meeting to support prices. *NYMEX crude for January delivery was down 22 cents at $55.69 a barrel by 2334 GMT, after settling down $1.90, or 3.3...

  • Business events scheduled for Tuesday Monday, 15 Dec 2014 | 2:07 PM ET

    WASHINGTON— Commerce Department releases housing starts for November, 8:30 a.m.. BERLIN— Germany's ZEW institute releases its monthly index of investor confidence in Europe's biggest economy. CHINA— HSBC preliminary China manufacturing purchasing managers' index.

  • BEIJING, Dec 15- China stocks fell on Monday as retail investors stopped ploughing money into blue chips and backed off from margin trading, two major factors behind a huge market rally in recent weeks. "The aggressive stocks and margin financing actually go together, it's margin financing's facilitator," said Xue Caofeng, head of research at Huaxi securities.

  • Business events scheduled for the coming week Friday, 12 Dec 2014 | 1:51 PM ET

    WASHINGTON— Commerce Department releases housing starts for November, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates. WASHINGTON— Labor Department releases Consumer Price Index for November, 8:30 a.m.; Commerce Department releases current account trade deficit for the third quarter, 8:30 a.m.; Federal Reserve...

  • Gold set for biggest weekly rise in 6 months Friday, 12 Dec 2014 | 10:11 AM ET

    Gold prices steadied on track for their biggest weekly rise since June, as the dollar retreated.

  • Spain's 'Xnet' corruption fighters expose graft Friday, 12 Dec 2014 | 6:00 AM ET

    And the secretive members of Xnet want others outside Spain to follow their lead. The online drop box for citizens' complaints they set up just three months ago has already paid off, exposing some of Spain's biggest corruption scandals. Xnet's biggest coup came in October, when it made public documents helping prove that senior officials at Spain's bailed-out...

  • *Hong Kong stock market debut set for Dec 19. HONG KONG, Dec 12- Chinese automaker BAIC Motor Corp Ltd, part-owned by Germany's Daimler AG, is set to raise about $1.42 billion in an initial public offering in Hong Kong, people with knowledge of the deal said on Friday. The price would be just above the mid-point of a HK $7.60 to HK $9.80 marketing range, putting the total...

  • *Gold prices head for biggest weekly rise since June. LONDON, Dec 12- Gold prices steadied on Friday, on track for their biggest weekly rise since June, as the dollar retreated and sliding oil prices hurt risk appetite, prompting another drop in stocks. "Gold and silver have both had a very good week, going against the trend seen elsewhere," Saxo Bank's head of commodity...

  • *U.S. crude continues to slip after drop under $60 a barrel. LONDON, Dec 12- A relentless slide in crude prices put energy stocks and currencies exposed to oil exports under pressure on Friday, dampening appetite for riskier assets and underpinning flows into the safety of core government bonds. The euro zone's blue-chip Euro STOXX 50 index declined by 0.8 percent...

  • SINGAPORE, Dec 12- Gold fell on Friday on a firm dollar and robust U.S. economic data, but prices were set for a second straight weekly rise following gains earlier in the week from safe-haven demand. Spot gold had eased 0.7 percent to $1,219.50 an ounce although it failed to build on strong gains that took it to a seven-week high of $1,238.20 on Wednesday.

  • SINGAPORE, Dec 12- Gold slipped on Friday as the dollar rose after robust U.S. economic data but the metal was on track for its biggest weekly climb since June following gains earlier in the week from safe-haven demand. Spot gold had eased 0.2 percent to $1,224.90 an ounce it failed to build on strong gains that took it to a seven-week high on Wednesday.

  • Gold flat on stronger dollar after US data Thursday, 11 Dec 2014 | 12:48 PM ET

    Gold prices were little changed on Thursday, retreating further from the previous session's seven-week high as the dollar extended gains.

  • New York investigates banks’ forex systems Thursday, 11 Dec 2014 | 10:33 AM ET

    New York regulator investigating whether Barclays and Deutsche Bank used algorithms to fix foreign exchange, the Financial Times reports.

  • Swiss charge former HSBC analyst with data theft Thursday, 11 Dec 2014 | 8:47 AM ET

    The case of Herve Falciani, a former employee of global banking group HSBC, has been making headlines in Europe since he fled Switzerland in 2008. He has been accused of stealing stole information between 2006 and 2007 relating to 24,000 customers of the Swiss division of HSBC. The Office of the Attorney General of Switzerland says the data theft charges...

  • *Three top 30 investors say CEO Sands should go. *Problems mount from U.S. sanctions, governance, Korea, bad debts. LONDON, Dec 11- Standard Chartered is being urged to plan for life beyond Peter Sands after a strategy update last month failed to restore confidence in the chief executive among some investors.

  • *Coming up: U.S. Weekly jobless claims, retail sales. SINGAPORE, Dec 11- Gold reversed early gains to move further away from a seven-week high on Thursday as the dollar got some respite against the yen, dulling the metal's appeal as a hedge. Gold tends to fall in tandem with oil as weaker energy prices dull the metal's appeal as a hedge against oil-led inflation.