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HSBC Holdings PLC

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  • *Some still want protection against breakdown in Greece talks. The common currency dropped 0.6 percent in Asia to trade at $1.1268, falling more than a full cent from Monday's high of $1.14105. The euro's levels are still high and people are scared of its downside in case the talks break down, "said Kyosuke Suzuki, managing director of forex at Societe Generale in...

  • Manufacturing output held steady as new orders and purchasing activity in China's massive manufacturing sector rose slightly from the month before. The results indicate that momentum in China's factories is slowing in the current quarter, which Fiddes said "suggests that authorities in Beijing may step up efforts to stimulate growth and job creation" in...

  • SHANGHAI, June 23- China's factory activity showed some signs of stabilising in June but still contracted for the fourth straight month, according to a preliminary private survey, suggesting more stimulus measures may be needed to support the world's second-largest economy. New orders returned to positive territory at 50.3 and new export orders fell at a...

  • SHANGHAI, June 23- China's factory activity contracted for the fourth straight month in June but showed some signs of stabilizing, according to a preliminary private survey, suggesting more stimulus measures may be needed to support the world's second-largest economy. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.6, a...

  • *Focus on China manufacturing PMI due Tuesday. LONDON, June 22- Copper prices steadied on Monday as cautious markets waited to see the outcome of talks between Greece and its creditors and ahead of key manufacturing data from top consumer China. Headwinds also include a seasonal demand slowdown in China in the third quarter.

  • And the rebound "is going to be capped," says HSBC economist Fred Neumann, because of changes in the world economy, including how American consumers are "much more frugal" than a decade ago. Asian exports to the United States have risen this year, but Neumann says such growth now is more driven by investment in software development and shale-oil drilling than by...

  • *Prospect of rate rise is positive, some say. *Some justification for valuation discounts- Barclays. LONDON, June 19- When fears of a Greek default are mounting, stock markets are jittery at multi-year highs, and the world's biggest economy is preparing to hike interest rates, the idea of taking refuge in bank stocks might appear to be a hard sell.

  • PREVIEW-Tesco's nascent UK recovery seen stalling Friday, 19 Jun 2015 | 12:05 PM ET

    *UK underlying sales seen down 2-3 pct. LONDON, June 19- Britain's biggest retailer, Tesco, is expected to report next week that a tentative recovery in its key home market has stalled. That would be worse than the 1.2 percent decline in the fourth quarter of 2014/ 15, when the group recorded growth in UK like-for-like sales volumes for the first time in over four years,...

  • UPDATE 2-EU agrees rules to curb bank trading risks Friday, 19 Jun 2015 | 8:11 AM ET

    *Exemption for Britain's banks stands. LUXEMBOURG/ LONDON, June 19- EU finance ministers agreed a draft law to rein in trading risks at banks on Friday, including an exemption for Britain's lenders because they already face similar curbs. But discussions have been protracted as Britain, France and Germany have their own rules to stop risky trading getting out of...

  • LONDON, June 17- British workers' pay grew at its fastest rate in nearly four years in the three months to April and a Bank of England policymaker said the data underscored how interest rates are on course to rise. Britain's long-awaited recovery in living standards seemed to be gathering momentum as a key measure of earnings rose more quickly than expected, data...

  • *Average weekly earnings growth beats forecasts. LONDON, June 17- British workers' pay grew at its fastest rate in nearly four years in the three months to April and a Bank of England policymaker said the data underscored that interest rates were likely to rise "in the not-too-distant future." On Wednesday evening, BoE policymaker Kristin Forbes said: "The next move...

  • The Office of the Comptroller of the Currency, part of the Treasury Department, announced the action Wednesday against the banks: JPMorgan Chase, Wells Fargo, U.S. Bank, HSBC, Santander and EverBank. A chart issued by the OCC shows that the restrictions are tougher for Wells Fargo and HSBC than for the other banks, by banning some activities as opposed to requiring...

  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • UPDATE 1-Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 11:58 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal reported. Other defendants include Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Morgan...

  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 9:07 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal said. HSBC, Barclays, BNP Paribas and Goldman Sachs could not be immediately reached for comment.

  • LONDON, June 17- British workers' pay grew at its fastest rate in nearly four years in the three months to April, putting the prospect of the Bank of England finally raising interest rates firmly back on the agenda for investors. Combined with near-zero inflation and data showing an increase in foreign direct investment, the earnings numbers suggested Britain's...

  • BEIJING, June 17- China's cabinet has allowed Bank of Communications to look into taking on more private shareholding as part of the government's push to reform state-owned lenders struggling with a spike in bad loans in a slowing economy. HSBC is the largest foreign shareholder in BoCom, with a 19 percent stake, but the plan also did not mention anything about...

  • BEIJING, June 17- China's cabinet has allowed Bank of Communications, the country's fifth-biggest lender, to introduce more private shareholding as part of Beijing's financial reforms to revitalize state-owned banks. BoCom was the first of China's big five state-owned lenders to start reforms under Beijing's two-year-long overhaul of its hugely...

  • SEOUL/ HONG KONG, June 17- Any buyer of Tesco's $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain's Tesco has hired HSBC to advise on a potential sale of its South Korean unit, Homeplus, Reuters reported...