HSBC Holdings PLC


  • SINGAPORE, Dec 12- Gold slipped on Friday as the dollar rose after robust U.S. economic data but the metal was on track for its biggest weekly climb since June following gains earlier in the week from safe-haven demand. Spot gold had eased 0.2 percent to $1,224.90 an ounce it failed to build on strong gains that took it to a seven-week high on Wednesday.

  • Gold flat on stronger dollar after US data Thursday, 11 Dec 2014 | 12:48 PM ET

    Gold prices were little changed on Thursday, retreating further from the previous session's seven-week high as the dollar extended gains.

  • New York investigates banks’ forex systems Thursday, 11 Dec 2014 | 10:33 AM ET

    New York regulator investigating whether Barclays and Deutsche Bank used algorithms to fix foreign exchange, the Financial Times reports.

  • Swiss charge former HSBC analyst with data theft Thursday, 11 Dec 2014 | 8:47 AM ET

    The case of Herve Falciani, a former employee of global banking group HSBC, has been making headlines in Europe since he fled Switzerland in 2008. He has been accused of stealing stole information between 2006 and 2007 relating to 24,000 customers of the Swiss division of HSBC. The Office of the Attorney General of Switzerland says the data theft charges...

  • *Three top 30 investors say CEO Sands should go. *Problems mount from U.S. sanctions, governance, Korea, bad debts. LONDON, Dec 11- Standard Chartered is being urged to plan for life beyond Peter Sands after a strategy update last month failed to restore confidence in the chief executive among some investors.

  • *Coming up: U.S. Weekly jobless claims, retail sales. SINGAPORE, Dec 11- Gold reversed early gains to move further away from a seven-week high on Thursday as the dollar got some respite against the yen, dulling the metal's appeal as a hedge. Gold tends to fall in tandem with oil as weaker energy prices dull the metal's appeal as a hedge against oil-led inflation.

  • Echoes of '90s crises reverberate across emerging markets Wednesday, 10 Dec 2014 | 3:00 PM ET

    *10- yrs of gains in emerging FX: http://link.reuters.com/ben53w. LONDON, Dec 10- Of course this time it's different, it always is. Russia's rouble had its steepest decline last month since the devaluation and default of 1998. Malaysia's ringgit recorded its biggest two-day fall this month since its version of the crisis the same year, after which it was fixed for...

  • Europe closes lower, oil falls to $64 after OPEC report Wednesday, 10 Dec 2014 | 11:30 AM ET

    European shares closed lower on Wednesday, continuing its declining trend as Greek political fears and slumping oil prices weigh.

  • Gold steadies near 7-week peak as stocks drop Wednesday, 10 Dec 2014 | 10:28 AM ET

    Gold edged down, holding below a 7 week peak hit earlier as a modest rebound in equity markets and lower crude prices offset dollar.

  • HSBC dismisses head of FX trading for EMEA -source Wednesday, 10 Dec 2014 | 6:53 AM ET

    LONDON, Dec 10- British bank HSBC has dismissed its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with knowledge of the decision said on Wednesday. Heidi Ashley, spokeswoman for HSBC in London, declined to comment. Scott's dismissal, first reported by the Wall Street Journal on Wednesday, follows the departure of two...

  • HSBC fires head of European currency trading Wednesday, 10 Dec 2014 | 6:40 AM ET

    HSBC fired Stuart Scott, its European head of currency trading, a month after the bank was fined $618 million over the issue.

  • Wall Street banks making huge bet on this Tuesday, 9 Dec 2014 | 11:19 AM ET

    Some of Wall Street's biggest players are ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project.

  • MOSCOW, Dec 9- Russia's central bank will raise its key lending rate by one percentage point later this week to try and halt the rouble's slide, most contributors to a Reuters poll of 17 analysts predicted on Tuesday. "We think that the central bank will increase rates by a percentage point, maybe by one and a half, in order to try to stabilise the situation on the forex...

  • SHANGHAI, Dec 9- Chinese shares plunged on Tuesday, sharply reversing course from a two-week rally fueled in part by speculation the central bank would further ease policy, with a key stock index recording its biggest fall since the depths of the global financial crisis. The gyrations follow the People's Bank of China's surprise November interest rate cut in...

  • Asia's slow financial reforms put taxpayers at risk Monday, 8 Dec 2014 | 7:32 PM ET
    An investor watches the electronic board at a stock exchange hall in Huaibei, China.

    Asia's financial regulators are slow to implement measures to protect taxpayers from big bank failures, leaving governments on the hook for bail-outs.

  • FACTBOX-Analysts' reactions on OPEC decision Monday, 8 Dec 2014 | 5:37 PM ET

    Dec 8- Oil analysts are taking stock of the recent OPEC meeting that decided against production cuts despite a huge oversupply in world markets. "We assume no material OPEC supply cuts and no unplanned supply disruptions take place during 2015.". "Regardless of what OPEC does, we believe the market will be looking for real supply response from non- OPEC producers.

  • Banks don't want these clients' cash: Report Monday, 8 Dec 2014 | 10:34 AM ET
    File photo: A woman leaves JP Morgan Chase & Company headquarters in New York, August 14, 2013

    New government rules make extra cash a burden for banks, which have urged major clients to take their deposits elsewhere or face fees, the WSJ said.

  • SINGAPORE/ HONG KONG, Dec 8- Royal Bank of Scotland Plc has launched the sale of private bank Coutts International and has invited at least 10 potential suitors, including Credit Suisse, Julius Baer and Malayan Banking Bhd to participate in an auction, sources said. RBS and its adviser Goldman Sachs have sent out sale documents containing financial and other...

  • MELBOURNE, Dec 8- Societe Generale has suspended its involvement in financing a $10 billion coal mine, rail and port project being developed by India's GVK conglomerate and Australian billionaire Gina Rinehart, citing the project's years-long delay. "We have been working with Societe Generale on a specific element of the financing arrangements for our...

  • Gold ends slightly lower as ECB sparks euro rebound Thursday, 4 Dec 2014 | 3:00 PM ET

    Gold ended lower as the euro rebounded against the dollar after ECB chief Mario Draghi said the bank would reevaluate the case for more stimulus.