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HSBC Holdings PLC

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  • BEIJING, Feb 25- Activity in China's mammoth factory sector edged up to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that argues for more policy support. The flash HSBC/ Markit Purchasing Managers' Index inched up to 50.1 in February, a whisker above the 50- point level...

  • Don't cheer surprise upside in China flash PMI: HSBC  Tuesday, 24 Feb 2015 | 8:45 PM ET

    John Zhu, greater China economist at HSBC, says growth in China's manufacturing sector remains subdued and attributes the surprise upside in February's PMI to seasonal effects.

  • Gold edges up from 7-week low after Yellen testimony Tuesday, 24 Feb 2015 | 2:55 PM ET

    Gold extending earlier losses after Fed Chair Janet Yellen said there was no need to hike interest rates over the next few months.

  • BERNE, Feb 24- Switzerland's financial markets regulator FINMA is unlikely to look into possible wrongdoing at HSBC's Swiss private bank in the light of leaked information that was published this month, FINMA's head of enforcement said on Tuesday. But FINMA, which already faulted HSBC in 2010-2011 for its poor internal controls and violations of money...

  • MUMBAI, Feb 24- Indian tax officials searched the Mumbai headquarters of HSBC Holdings PLC last week as part of a probe related to allegations that the bank's Swiss business helped clients dodge taxes, a person with knowledge of the matter said on Tuesday. The search came as HSBC prepared to release its annual report on Monday, in which the bank said it had received...

  • *European stocks rise after Greece submits reform plans. LONDON, Feb 24- Gold slid below $1,200 an ounce on Tuesday as relief that Greece had submitted reform plans to its international partners boosted appetite for assets viewed as higher-risk, such as stocks. European shares rose on Tuesday and Greek shares outperformed after a list of proposed reforms...

  • US probes banks over metals pricing: Report Tuesday, 24 Feb 2015 | 4:50 AM ET

    U.S. officials are investigating at least 10 major banks for the possible rigging of precious-metals markets, according to The Wall Street Journal.

  • The banks are HSBC Holdings Plc, Bank of Nova Scotia, Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS Group AG, the Journal said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said...

  • HONG KONG, Feb 24- A six-session winning streak for Hong Kong stocks ended on Tuesday, as HSBC Plc and casino shares sank while some investors locked in gains ahead of major 2014 earnings reports later this week. Hong Kong- listed shares of HSBC dropped 3.5 percent in their biggest fall in 18 months after the UK emerging markets-focused bank reported a...

  • The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS AG, the newspaper said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said on...

  • *HSBC's Hong Kong shares fall 4 pct, at lowest since Sept 2012. HONG KONG, Feb 24- Hong Kong stocks fell on Tuesday, with HSBC Plc leading the slide after disappointed earnings, and casino stocks were under pressure as investors locked in gains while awaiting earnings reports from blue chips later this week. The China Enterprises Index of the top Chinese listings in...

  • Feb 23- The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks for a possible rigging of precious-metals markets, the Wall Street Journal reported, citing people close to the inquiries. The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG,...

  • Can HSBC tide through this 'perfect storm'?  Monday, 23 Feb 2015 | 8:33 PM ET

    Bill Fitzpatrick, global equity analyst at Manulife Asset Management, says the full-year results indicate "widespread weakness" at the British Bank, but if the lender can focus on rightsizing then its stock has been oversold.

  • US stocks close near highs ahead of Yellen testimony Monday, 23 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange Feb. 20, 2015.

    U.S. stocks pulled back from Friday's records to close narrowly mixed ahead of Fed Chair Janet Yellen's remarks over the next two days.

  • Gold near 7-week low on Greek debt deal Monday, 23 Feb 2015 | 2:23 PM ET

    Gold fell to its lowest in seven weeks, as the dollar and shares gained after a Greek debt deal was struck, removing investor flight for safety.

  • *Britain's FTSE lags after HSBC profit falls. Britain's FTSE 100 index was the only major index to close lower, albeit only slightly, after HSBC reported a 17 percent drop in annual profit. "We have cleared the first hurdle but Greece has to come up with a serious set of measures now," Peter Dixon, equity strategist at Commerzbank, said.

  • Europe ends higher after hitting record; HSBC down 5% Monday, 23 Feb 2015 | 11:44 AM ET

    European equities finished higher on Monday with investors cheering a deal to extend Greece's bailout program by four months.

  • NEW YORK, Feb 23- U.S. stocks slipped from all-time highs on Monday, pulled lower by a sharp drop in crude oil prices, while European shares rallied on the conditional financial rescue for Greece hammered out at the end of last week. Yields on low-rated euro zone government bonds fell as the agreement reached late Friday eased concerns that Greece would leave the...

  • *Britain's FTSE lags after HSBC profit falls. Britain's FTSE 100 index was the only major index to trade in negative territory after HSBC reported a 17 percent drop in annual profit. "We have cleared the first hurdle but Greece has to come up with a serious set of measures now," Peter Dixon, equity strategist at Commerzbank, said.

  • LONDON, Feb 23- HSBC's chief executive said allegations its Swiss private bank had helped clients dodge taxes had brought shame on the bank, after reporting a 17 percent slide in annual profit and cutting its profitability target on Monday. The following are comments by HSBC CEO Stuart Gulliver and Chairman Douglas Flint on a call with reporters on a range of...