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HSBC Holdings PLC

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  • *Asia shares narrowly mixed, Japan on holiday for three days. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. The HSBC/ Markit PMI for South Korea set an ill omen, falling to a six-month trough of 48.8 in April.

  • LONDON, May 3- In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. Project Rainbow assessed HSBC's future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible...

  • LONDON— Ian Robinson, co-owner of a small investment firm in London, is watching Britain's general election this Thursday with unease. A victory for Prime Minister David Cameron's Conservative Party could bring Britain a step closer to leaving the 28- nation European Union, a move many companies fear would cause damage by increasing costs of doing business on...

  • Survey: China factory activity barely growing Friday, 1 May 2015 | 5:54 AM ET

    BEIJING— Manufacturing in China barely grew in April, continuing sluggish recent performance in the world's second biggest economy. Data compiled by the country's National Bureau of Statistics and the China Federation of Logistics and Purchasing showed Friday that the manufacturing purchasing managers' index came in at 50.1 in April, the same level as in...

  • *April official factory PMI unchanged from March at 50.1. BEIJING, May 1- China's factories struggled to grow in April as domestic and export demand remained weak, reinforcing expectations that Beijing will roll out more measures to support the slowing economy. "Since the current slowdown is in large part a consequence of the slow-moving property market...

  • Gold settles 2% lower after US jobs data Thursday, 30 Apr 2015 | 3:23 PM ET

    Gold fell two percent on Thursday after U.S. jobs data boosted the dollar, reviving expectations the Fed could raise interest rates soon.

  • *Selling retail business in Turkey a priority- sources. ISTANBUL, April 30- HSBC faces a tough task selling its loss-making retail arm in Turkey, where it has been hamstrung by tough competition and faces a decline in both economic growth and investor confidence. Chief Executive Stuart Gulliver said in February HSBC's four problem businesses-- Brazil, Mexico,...

  • The MSCI emerging market index has gained almost 8 percent since the start of April, getting a lift from a surge in Chinese stocks, though it was down 0.8 percent on the day. Investors' mood soured after first-quarter U.S. growth data came in much weaker than expected, compounding worries over a slowdown in China and on top of persistent jitters over Europe as Greece...

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, April 30- The Bank of Japan trimmed its consumer price forecasts on Thursday and pushed back the timeframe to hit its ambitious inflation target but refrained from expanding its already massive stimulus programme, predicting a recovering economy will gradually nudge prices higher. It will keep increasing base...

  • However, the situation is changing as the landmark Shanghai- Hong Kong stock connect scheme saw robust southbound flows in the past few weeks, which greatly eased the offshore yuan market's tight liquidity. The stock connect has brought in a net 50 billion yuan into Hong Kong in the past month, according to Reuters calculations, thanks to increased demand for...

  • MOSCOW, April 28- Russia's central bank is expected to further trim its main lending rate on Thursday following a sharp rally in the rouble and as inflation expectations ease. Central bank Governor Elvira Nabiullina said earlier this month that the stronger rouble should allow the bank to lower its key rate. "We scaled down our expectations for a rate cut from...

  • *BOJ's semi-annual report due 0600 GMT. TOKYO, April 30- The Bank of Japan maintained its massive monetary stimulus on Thursday, holding off on additional easing for now on hopes that rising wages will spur spending and eventually nudge inflation towards its 2 percent target. Markets are now focusing on the central bank's semi-annual report on the economic and...

  • *Policy decision seen 0300-0500 GMT, forecasts 0600 GMT. TOKYO, April 30- The Bank of Japan is expected to hold off on expanding monetary stimulus on Thursday despite trimming its inflation and growth forecasts, clinging to hope that rising wages will spur spending and keep the economic recovery on track. Japan is emerging from recession but at a snail's pace, as...

  • BEIJING, April 29- Growth in China's vast factory sector likely stalled in April, a Reuters poll showed, reinforcing persistent sluggishness in the economy and arguing the case for more policy easing. "The government's policies to keep the economy growing at a steady rate have not passed on to the real economy yet," said Hwabao Trust analyst Nie Wen.

  • Swiss money laundering reports hit record high in 2014 Tuesday, 28 Apr 2015 | 8:17 AM ET

    ZURICH, April 28- Switzerland's money laundering office received a record number of suspicious activity reports last year, in part due to increased vigilance from Swiss banks. The Alpine nation has faced intense international pressure over bank secrecy, tax evasion and money laundering, most recently highlighted by allegations that the Swiss arm of HSBC had...

  • *Banker says investors still link Cyprus to Greece. LONDON, April 28- Bailed-out Cyprus sold one billion euros in seven-year bonds on Tuesday, highlighting its economic recovery and the gulf with Greece, whose future in the euro zone is in doubt. By contrast yields on debt issued by Greece, the country which effectively forced Cyprus to seek an international...

  • LONDON, April 28- Asia- focused bank Standard Chartered said the location of its headquarters was under constant review and a sharp increase in a tax on banks in Britain meant it was watching the situation closely. "At the moment it's something we're watching, we're looking at, we're thinking about, but at this point in time there's no change in our position," Andy...

  • Europe closes higher on Greek reshuffle; DAX up 1.9% Monday, 27 Apr 2015 | 11:33 AM ET

    European equities closed higher, with investor sentiment boosted by a reshuffle of the team of Greek officials that are negotiating with its creditors.

  • HONG KONG, April 27- A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said. HSBC's $2.6 trillion balance sheet is nearly eight times the size of Hong Kong's economic output. HSBC said on Friday it had ordered a review into whether it should move its...

  • Europe shares bounce as optimism on Greece wins out Monday, 27 Apr 2015 | 7:17 AM ET

    Greece looks set to run out of cash in the coming weeks, with fruitless debt relief talks between euro zone finance ministers on Friday serving to highlight the gulf between Athens and its creditors. "Greece has recast its negotiating team for the talks with creditors, which contributes to reassure investors," said Pierre Martin, a trader at Saxo Bank.