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HSBC Holdings PLC

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  • BEIJING, Jan 23- China's manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed. The HSBC/ Markit Flash Manufacturing Purchasing Managers' Index hovered at 49.8 in January, little...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...

  • *Saudi Arabia 2015 growth forecast cut to 3.2 pct from 4.3 pct. *Even Oman, Bahrain to sustain solid growth. As a result, Saudi Arabia's hydrocarbon export revenue in 2015 is forecast to tumble to $213 billion, instead of totalling $290 billion as the September survey predicted.

  • *He is Hong Kong's top tax payer for 5 years- report. HONG KONG, Jan 22- In late summer 2014, as mass protests rocked central Hong Kong, Canning Fok sat in his office quietly planning a business overhaul that would make his boss Li Ka- shing, Asia's richest man, richer still. After Li revealed the fruits of Fok's labour on Jan. 9, describing it as a "watershed" moment in the...

  • Gold back below $1,300 on reports of ECB details Wednesday, 21 Jan 2015 | 11:47 AM ET

    Gold fell below $1,300 an ounce as various reports offered details about the European Central Bank's planned bond buying program.

  • SINGAPORE, Jan 21- Gold climbed above $1,300 an ounce on Wednesday for the first time since August as a softer dollar, worries over the global economy and hopes of stimulus measures from the European Central Bank fuelled safe-haven bids. "Prices have been boosted by hopes of QE by the European Central Bank, which is expected to have far-ranging effects on the bond...

  • SINGAPORE, Jan 21- Gold climbed to a fresh five-month high on Wednesday as a softer dollar, worries over the global economy and uncertainty over whether the European Central Bank would announce stimulus measures pushed investors towards the safe-haven metal. "Bullion's recent divergence from moving in tandem with the euro to the opposite of the euro is...

  • *Gold hits 5- month high. TOKYO, Jan 21- Asian shares held firm and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen jumped after the Bank of Japan left policy unchanged. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.1 percent to hit its highest level in six...

  • Bank of Japan: To bazooka or not Monday, 19 Jan 2015 | 5:46 PM ET

    Cheaper oil prices may slow inflation, and force the Bank of Japan to miss their 2 percent target, but opinions are divided over their next step.

  • Euro edges up as investors eye crucial ECB meeting Monday, 19 Jan 2015 | 2:51 PM ET

    The European Central Bank could take its boldest steps yet to revive the euro zone's moribund economy.

  • LONDON, Jan 19- The euro edged up against the dollar on Monday but was still close to an 11- year low as investors braced for the European Central Bank to take its boldest steps yet to combat deflation and revive the euro zone's moribund economy. The Swiss National Bank removed one of the euro's few remaining pillars of support last Thursday when it stunned markets...

  • *China seeks to move to services to create employment, reduce pollution. *China needs to climb value chain to avoid middle income trap. "It's too early for China to give up manufacturing," said Zhu Baoliang, chief economist at the State Information Centre, a top government think tank in Beijing.

  • Some major banks also lost out when the Swiss National Bank scrapped its three-year-old cap on the franc against the euro without warning on Thursday, including Britain's Barclays which lost "tens of millions" of dollars, an industry source said. Retail broker Alpari UK filed for insolvency on Friday, while New York- listed FXCM Inc, one of the biggest platforms...

  • *Sky-high valuations deterred fund managers last year. *GCC markets now looking cheap vs major indexes. DUBAI, Jan 18- When Saudi Arabia announced last July that it would open its stock market to direct foreign investment, a common worry among fund managers was that when the reform finally took place, the market would simply be too expensive to buy.

  • NEW YORK, Jan 16- Stocks on Wall Street rebounded on Friday on renewed signs of solid growth and as U.S. consumer sentiment hit a high last seen in 2004, while the euro slid further against the dollar in the wake of Switzerland's move to ditch its currency cap. U.S. stocks advanced after five straight sessions of losses for major indexes, while European shares rose on...

  • NEW YORK, Jan 16- Stocks on Wall Street rebounded on Friday on renewed signs of solid growth and as U.S. consumer sentiment hit a high last seen in 2004, while the euro slid further against the dollar in the wake of Switzerland's move to ditch its currency cap. U.S. stocks advanced after five straight sessions of losses for major indexes, while European shares rose on...

  • LONDON/ HONG KONG, Jan 16- The Swiss franc shock reverberated through currency trading firms on Friday, dealing the heaviest blows to those catering for small-scale retail clients and forcing regulators to take a closer look at the sector. Some major banks also lost out when the Swiss National Bank lifted its cap on the franc without warning on Thursday,...

  • Dealers speculated the Swiss had moved because they knew the European Central Bank would take the plunge into full-scale quantitative easing, effectively the printing of hundreds of billions of euros, at its policy meeting on Jan. 22. "It challenges the view that ECB easing is already in the price," said Daragh Maher, a currency strategist at HSBC in London.

  • LONDON, Jan 16- Gold edged down on a modestly higher dollar on Friday, but looked set to post its best week in 10 months, as investors sought safety from volatility in equity and currency markets after Switzerland unexpectedly abandoned a cap on the franc. The metal had posted its biggest daily gain in six weeks on Thursday, up 2.6 percent, hitting a four-month high of...

  • Pedestrians walk near the Swiss National Bank headquarters in Bern, Switzerland.

    Shanghai shares outperformed the region on Friday, as the rest of Asia languished on heightened volatility induced by the Swiss National Bank.