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HSBC Holdings PLC

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  • LONDON, July 2- Greece's deepening debt crisis has become "very dangerous" but there is no sign yet of it spreading to other countries on the periphery of the euro zone, Bank of England Deputy Governor Jon Cunliffe said on Thursday. Late on Wednesday, a defiant Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any prospect...

  • LONDON, July 2- Greece's deepening debt crisis is showing no sign yet of spreading to other countries on the periphery of the euro zone, Bank of England Deputy Governor Jon Cunliffe said on Thursday. "We're not seeing signs of that at the moment. Cunliffe also said he believed that any decision by HSBC on whether to base itself outside of the Bank of England's...

  • JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with private data vendor Markit, slipped to 51.0 in June from 51.3 in May, matching April's near two-year low. "The growth of manufacturing output remained subdued during the second quarter, with the rates of increase in new business and output slipping to their lowest since the first half of...

  • ZURICH, July 1- The Swiss government said on Wednesday Thomas Bauer, an expert in banking law and combating money laundering, would become the new chairman of the financial regulator FINMA from January 2016. FINMA drew some criticism this year over its handling of allegations surrounding HSBC Holdings Plc's Swiss business. The government also named on...

  • The Latest: Moody's downgrades Greece to Caa3 Wednesday, 1 Jul 2015 | 3:39 AM ET

    ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • China's manufacturing weak in June, more jobs cut Wednesday, 1 Jul 2015 | 12:15 AM ET

    BEIJING— China's manufacturing was weak in June and employers cut more jobs, two surveys showed Wednesday, in a new sign the world's second-largest economy is struggling to emerge from a slump. HSBC said jobs were cut at the fastest rate since February 2009 in the aftermath of the global financial crisis. The data "pointed to a further decline in the health of the...

  • China's manufacturing weak in June, more jobs cut Tuesday, 30 Jun 2015 | 11:23 PM ET

    BEIJING— Two surveys show China's manufacturing was weak in June and employers cut more jobs in a new sign of weakness in the world's second-largest economy. HSBC Corp. said Wednesday its purchasing managers' index stood at 49.4, largely unchanged from May's 49.2 on a 100- point scale on which numbers below 50 show activity contracting. HSBC's survey showed...

  • BEIJING, July 1- China's factory activity contracted for the fourth straight month in June but at a slower pace than in May, a private survey showed on Wednesday, offering signs that the economy may be slowly levelling out but is still in need of more support measures. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.4 from 49.2 in...

  • BEIJING, July 1- China's factory activity contracted for the fourth straight month in June but at a slower pace than in May, offering some signs that the world's second-largest economy may be slowly leveling out but is still in need of more support measures. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.4 from 49.2 in May, but...

  • BEIJING, July 1- Activity in China's manufacturing sector expanded slightly in June though not as much as expected, an official survey showed on Wednesday, offering some signs that the world's second-largest economy may be starting to level out after a raft of support measures. The flash HSBC/ Markit PMI released last week showed factory activity contracted...

  • SINGAPORE/ HONG KONG, June 30- The volume of Asia ex- Japan mergers and acquisitions surged to a record $640 billion in the first half, preliminary data released by Thomson Reuters showed, driven by the deal-making spree of Hong Kong tycoon Li Ka- shing. "M&A volumes have increased substantially for Asia ex- Japan, driven primary by restructuring in Greater China," said...

  • China trumps West in global bank ratings Monday, 29 Jun 2015 | 9:25 AM ET
    White-collars walk to their lunch break in Pudong business district in Shanghai, China.

    Western banking giants are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.

  • LONDON, June 29- European bank shares stumbled towards their biggest daily fall for four years on Monday, led by big lenders in Italy, Spain and France, after Greece closed its banks and imposed capital controls as it faced the prospect of leaving the eurozone. Greece plans to hold a referendum next Sunday on the terms of a bailout plan from creditors, which prompted...

  • *For poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? BEIJING, June 29- Growth in China's manufacturing sector likely picked up slightly in June, a Reuters poll showed, offering some signs that the world's second-largest economy may be levelling out after a series of easing measures by the government. The flash HSBC/ Markit PMI released...

  • LONDON, June 29- China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Industrial and Commercial Bank of China's $59.1 billion profit last year topped the rankings, ahead of China Construction Bank, Agricultral Bank of China and Bank of China. U.S. bank Wells Fargo ranked fifth with...

  • *HSBC ends long tie-up with Markit on business activity surveys. SHANGHAI/ HONG KONG, June 26- HSBC has ended its marketing tie-up with financial information firm Markit Ltd, both companies told Reuters on Friday, winding up a five-year relationship. The two firms said HSBC had ended its sponsorship of the closely watched China Purchasing Managers Index and...

  • *Q1 UK like-for-like sales down 1.3 pct. *Says attracted 180,000 more UK shoppers. LONDON, June 26- Price cuts and better service helped Tesco to win back shoppers in the first quarter of its financial year, Britain's biggest retailer said on Friday, suggesting new boss Dave Lewis's turnaround plan is starting to bear fruit.

  • *Italy last major market where outflows are expected. ZURICH, June 26- Switzerland's private banks are close to ridding themselves of undeclared European accounts, a salutary process but one which has undermined efforts to grow their businesses. Following the financial crisis, cash-strapped governments chased accounts hidden at banks in Zurich, Geneva and...

  • *HSBC ends long tie-up with Markit on business activity surveys. SHANGHAI/ HONG KONG, June 26- HSBC has ended its marketing tie-up with financial information firm Markit Ltd, both companies told Reuters on Friday, winding down a five-year relationship that some industry insiders said may have become too expensive and a potential political liability for HSBC in...

  • HONG KONG/ SHANGHAI, June 26- HSBC has ended its sponsorship of Markit's emerging markets indexes, a Markit spokesperson told Reuters. "HSBC's sponsorship of Markit's Emerging Market and China PMIs has been a successful relationship over the past five years," Laura Davis wrote in an email to Reuters. An HSBC spokesperson confirmed Markit's statement, after...