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HSBC Holdings PLC

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  • 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.

  • LONDON, Dec 4- Britain's public sector could "change beyond all recognition" by the end of the decade as a result of deep spending cuts planned by finance minister George Osborne for after May's election, a leading economic think tank said on Thursday. Spending adjusted for inflation in areas such as defense, policing and transport could be as much as 41 percent...

  • *Gold gives up some gains as dollar holds firm. LONDON, Dec 4- Gold retreated on Thursday ahead of a European Central Bank meeting that could lead to further monetary stimulus, after the dollar's rise to two-year highs versus the euro prompted investors to cash in some of the previous day's gains. Spot gold was down 0.6 percent at $1,201.40 an ounce at 1104 GMT, while...

  • *Gold had gained nearly 1 pct in previous session. *Coming up: U.S. Weekly jobless claims at 1330 GMT. SINGAPORE, Dec 4- Gold edged lower in Asian trading on Thursday as the dollar traded close to a 5-1/ 2- year high against a basket of major currencies, but the metal managed to hold above the key $1,200- an-ounce level.

  • In contrast, a survey covering China's services industry showed slightly faster expansion. "There are clear downside risks to various areas of the world economy including the euro zone and to some extent China," said Philip Shaw, chief economist at Investec. Markit's final November Composite Purchasing Managers' Index, based on surveys of thousands of...

  • BEIJING, Dec 3- China's services sector grew slightly faster in November, two surveys showed on Wednesday, a welcome respite to a run of underwhelming data but still unlikely to allay concerns about the softening Chinese economy. A separate services PMI published by HSBC/ Markit inched up to 53.0 last month from October's 52.9, as new orders rose at their quickest...

  • China HSBC services PMI edges up in November Tuesday, 2 Dec 2014 | 9:40 PM ET

    China's services sector grew marginally faster in November as new orders rose at their quickest pace in 2-1/2 years, an encouraging sign of strength.

  • China HSBC services PMI edges up to 53 in November Tuesday, 2 Dec 2014 | 8:45 PM ET

    BEIJING, Dec 3- China's services sector grew marginally faster in November as new orders rose at their quickest pace in 2-1/ 2 years, a private survey showed, an encouraging sign of strength that contrasts sharply with the gloom in the other parts of the economy. The HSBC/ Markit Services Purchasing Managers' Index inched up to 53.0 last month from October's 52.9,...

  • Gold slipped on Tuesday on worries a strong dollar and volatile oil markets could undermine an overnight rally that lifted the yellow metal.

  • *Britain, Luxembourg, HK among new issuers this year. The United Kingdom, Hong Kong and Luxembourg- all ranked at least AA by rating agencies- issued sharia-compliant financial instruments, or sukuk, for the first time in 2014. They gave a huge boost to a market which was once just seen as a funding tool for borrowers from the Gulf and Muslim countries in southeast...

  • *Britain, India and Mexico rare bright spots. LONDON/ SYDNEY/ NEW YORK, Dec 1- Manufacturing growth across Asia, Europe and the Americas eased in November as heavy price cutting failed to revive demand, surveys showed on Monday, providing more evidence that a feeble global economic recovery may be grinding to a halt. Data vendor Markit said its final November...

  • LONDON/ SYDNEY, Dec 1- Manufacturing growth across Asia and Europe eased in November as heavy price cutting failed to revive demand, surveys showed on Monday, more evidence that a feeble global recovery may be grinding to a halt. Worryingly for policymakers at the European Central Bank, who are struggling to bolster growth and drive up dangerously low inflation,...

  • SYDNEY, Dec 1- Asia's factories appeared to have stepped down a gear last month as a glut of supply met a dearth of global demand, piling pressure on prices of manufactured goods and the commodities used to make them. Slowing inflation acts as an unwanted tightening of policy as it pushes up real interest rates, one reason China and Japan surprised with new stimulus...

  • LONDON, Dec 1- As the European Central Bank comes closer to buying sovereign bonds, one London- based think tank says an opportunity has arisen to fix one of the euro zone's birth defects-- the absence of a credible "risk-free" asset. However, when they assess how strong a bank needs to be, regulators consider both German bonds-- the only state debt in the bloc rated...

  • SYDNEY, Dec 1- Asia's factories appeared to have stepped down a gear last month as a glut of supply met a dearth of global demand, piling pressure on prices of manufactured goods and the commodities used to make them. Slowing inflation acts as an unwanted tightening of policy as it pushes up real interest rates, one reason China and Japan surprised with new stimulus...