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HSBC Holdings PLC

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  • *HSBC/ Market flash PMI signals persistent weakness in economy. BEIJING, March 24- Activity in China's factory sector dipped to a 11- month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing to support growth. The flash HSBC/ Markit...

  • BEIJING, March 24- Activity in China's factory sector dipped to a 11- month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely add to calls for more policy easing. The flash HSBC/ Markit Purchasing Managers' Index dipped to 49.2 in March, below the 50- point level that...

  • *Aussie awaits China manufacturing PMI data for cues. TOKYO, March 24- The dollar dipped against the euro and yen on Tuesday, succumbing to downward pressure from lower U.S. debt yields as investors remained jittery after last week's surprisingly dovish Federal Reserve policy statement. The Fed mentioning the dollar can be traced back to Yellen, and we are now...

  • *U.S. crude futures had fallen 18 cents to $47.27 a barrel by 0010 GMT, after settling up 88 cents, or 1.9 percent, at $47.45 on Monday. *A poll of six analysts, taken ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy Information Administration, showed a crude stock build of 5 million...

  • NEW YORK, March 23- Several major banks were hit on Monday with lawsuits filed by California- based analog circuits maker Maxim Integrated Products Inc alleging their smartphone banking apps infringe the company's patents. The complaints were filed against M&T Bank Corp and the U.S. affiliates of HSBC Holdings Plc and Banco Santander SA in federal court in...

  • WASHINGTON, March 23- U.S. bank regulators faulted crisis plans submitted by three foreign banks on Monday, saying they needed to improve the so-called living wills this year or face regulatory repercussions. The plans by BNP Paribas, Royal Bank of Scotland and HSBC showed shortcomings, and "significant progress" was needed, the U.S. Federal Reserve and the...

  • ZURICH, March 23- Liechtenstein's biggest bank LGT does not expect to suffer any fallout from assets it bought from HSBC's private bank months before that business was embroiled in a scandal over allegedly helping clients to dodge taxes. Vaduz- based LGT, owned by the principality's royal family, snapped up 7.1 billion Swiss francs of private banking assets...

  • DUBAI, March 22- HSBC Global Asset Management, an arm of HSBC Holdings, is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said. The firm, which managed $454 billion of assets at the end of December, is also increasing its exposure to beaten-down currencies of countries such as...

  • WASHINGTON, March 20- The National Credit Union Administration Board filed suit against HSBC Bank USA, alleging it did not fulfill trustee duties for 37 residential mortgage-backed securities trusts, the group said on Friday. Central, WesCorp, Members United, Southwest and Constitution credit unions between 2004 and 2007. The complaint said HSBC did not...

  • March 20- A federal judge rejected Bank of America Corp's request to dismiss a lawsuit in which Cook County, Illinois, accused the lender of targeting black and Hispanic borrowers in the Chicago area with subprime mortgages. District Judge Elaine Bucklo in Chicago said Cook County could pursue allegations that the bank steered minority borrowers into an...

  • NEW YORK, March 20 (Reuters)- The dollar stumbled on Friday, capping its worst weekly performance against the euro in more than two years, pulled lower by expectations U.S. interest rates will rise more slowly than previously expected. Jens Nordvig, Nomura's head of global foreign exchange, said one major reason for the sharp reduction in the Fed's rate forecasts...

  • *HSBC becomes first major FX player to raise euro targets. LONDON, March 20- If 25 countries cutting rates since the start of the year wasn't proof enough, this week's warning from Janet Yellen about the dollar's strength confirmed that the world's top central banks are fighting a currency war. From the ECB with its 1 trillion euro QE bazooka, China, India and Russia...

  • FOREX-Dollar struggles anew on U.S. rate view Friday, 20 Mar 2015 | 10:51 AM ET

    *Euro on track for best week vs dollar since Oct 2011. NEW YORK, March 20- The dollar fell on Friday, on track for its worst weekly performance in more than two years against the euro, undermined by expectations U.S. interest rates will rise much slower than expected. "This is just some counter-trend correction in the dollar and is transitory," said Mark Luschini, chief...

  • *ICE Benchmark Administration operating new process. LONDON, March 20- The new London Bullion Market Association Gold Price went live for the first time on Friday, with Goldman Sachs and UBS joining the four members of the now defunct gold "fix" in setting its electronic replacement. Goldman and UBS joined Barclays, HSBC, Bank of Nova Scotia and Societe Generale to...

  • LONDON, March 20- The euro was on track for its best weekly performance in more than two years against the dollar on Friday, after the U.S. HSBC, one of the top half a dozen players in the foreign exchange market, on Thursday raised its euro forecast to $1.20 by the end of 2017, arguing that the dollar's explosive rally was nearing its end. The euro was 0.6 percent higher...

  • *BNP Paribas revises down euro/dollar forecasts. The euro was 0.2 percent higher against the dollar at $1.0683, well below Wednesday's high above $1.10 but still leaving the single currency on track for its best weekly performance since September 2013 with a 1.7 percent rise. So the weakness that we saw in the dollar in the aftermath of that translated into some...

  • *Gold up 1 pct for the week after hitting 4- mth low earlier Dovish Fed boosts demand for gold. SINGAPORE, March 20- Gold held recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January, after the Federal Reserve cautioned over its rate hike path and U.S. economic growth. "Gold still getting traction from dovishly...

  • MEXICO CITY, March 19- A subsidiary of Mexican billionaire Carlos Slim's Grupo Financiero Inbursa bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday. The unit, Control Empresariales de Capitales, agreed on March 11 with HSBC to borrow up to 300 million euros and...

  • NEW YORK/ LONDON, March 19- Gold pared gains Thursday from a two-week high, clinging to short-covering gains despite the U.S. dollar's recovery after a more cautious than expected interest rate statement from the U.S. Gold pulled back as the dollar rose from an early low to rise against a currency basket. Spot gold was up 0.2 percent at $1,169.26 an ounce at...

  • *Dublin seen as possible venue for relocation. Faced with the prospect of a Labour government that would hike the top rate of income tax to 50 percent and extract a levy from their bonuses, most financiers are rooting for the re-election of David Cameron's Conservatives, even though that would mean a potentially damaging referendum on Britain's membership of...