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HSBC Holdings PLC

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  • European shares edge lower ahead of Fed minutes Wednesday, 19 Nov 2014 | 11:24 AM ET

    LONDON, Nov 19- European shares edged lower from a seven-week high late on Wednesday, tracking a fall in U.S. equities, with investors trading cautiously ahead of minutes from the most recent Federal Reserve policy meeting. The market also came under pressure from a sharp decline in mining shares after China's iron ore futures dropped nearly 5 percent to a record...

  • European shares advance, Swiss index hits 9,000 Wednesday, 19 Nov 2014 | 8:48 AM ET

    LONDON, Nov 19- The pan-European FTSEurofirst 300 share index climbed to a seven-week high on Wednesday, helped by broker upgrades, and Switzerland's SMI equity index hit the 9,000 mark for the first time since late 2007.. Prudential rose 1.3 percent after Deutsche Bank increased its target price for the stock to 1,680 pence from 1,630 pence, Severn Trent was up...

  • Australian exports to China still face hurdles Tuesday, 18 Nov 2014 | 6:14 PM ET

    A trade deal signed with great fanfare between China and Australia may not provide Australia with the economic boost that many anticipate.

  • LONDON, Nov 18- British lawmakers will quiz top bankers in the wake of last week's $4.3 billion deal with regulators to settle allegations of collusion and manipulation in the foreign exchange market, a source familiar with the matter said on Tuesday. The TSC, charged with overseeing finance, had been expected to publicly question bankers and regulators after...

  • Among the companies targeted in letters sent by Senator Elizabeth Warren, a member of the Senate Banking Committee, and Representative Elijah Cummings, the top Democrat on the House Oversight and Government Reform Committee, were banks, investment firms and other financial service providers. In letters to two of the 16 companies, Citigroup and U.S. Bank,...

  • *Hurdles to boosting Australian farm exports to China. SYDNEY, Nov 18- A trade deal signed with great fanfare between China and Australia has been touted as a major step towards Australia shifting its economy from a "mining boom" to a "dining boom," but the reality is likely to be more sobering. China is already Australia's top trading partner, with two-way trade of...

  • WASHINGTON, Nov 17- The Federal Reserve said it is hosting a meeting on Monday with banks and regulators to discuss the development of a reference rate alternative to LIBOR, the London interbank rate that was at the center of a global rigging scandal. Expected participants in the discussion include Bank of America, Goldman Sachs, HSBC and central bank officials...

  • Belgian judge charges HSBC branch with fraud Monday, 17 Nov 2014 | 8:44 AM ET

    BRUSSELS— A Belgian investigating judge has charged a Swiss private banking branch of HSBC with massive organized fiscal fraud, money laundering and forming a criminal organization to the benefit of over 1,000 wealthy clients that cost the Belgian authorities "hundreds of millions of euros." In August, HSBC Holdings PLC said it knew inquiries were ongoing and...

  • *Shock Japan GDP data hits stocks in Asia, Europe. *Wall Street set to open lower. LONDON, Nov 17- Data showing Japan slipped into recession in the third quarter raised concerns on Monday about global economic health, hitting stocks and the price of oil.

  • FOREX-Yen holds ground after shock Japan GDP slide Monday, 17 Nov 2014 | 4:04 AM ET

    LONDON, Nov 17- The yen recovered from seven-year lows against the dollar on Monday but remained under pressure having sunk across the board after shock data showed Japan's economy slipping back into recession. London investors sold the yen for the dollar in the first hour of trading, but it was still up 0.1 percent on the day against both the dollar and the euro.

  • CANBERRA, Nov 17- China and Australia on Monday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world's second largest economy and one of Washington's closest allies in Asia. The deal, which Australia called the best ever between Beijing and a Western country, will open up Chinese markets to...

  • China’s stock market cracks open Monday, 17 Nov 2014 | 3:08 AM ET

    The Shanghai-Hong Kong stock connect is set to begin, in a sea change that will crack open China's A-share markets to foreign investment, potentially breaking the market out of a long downturn.

  • LONDON, Nov 17- An international settlement over allegations of manipulation in the foreign exchange market shows reform of Britain's banking system is still badly needed and must not be diluted, a group of British lawmakers said on Monday. Regulators last week imposed fines totalling $4.3 billion on HSBC Holdings Plc, Royal Bank of Scotland Group Plc,...

  • LONDON, Nov 16- Working out of a shared office near London's Euston station, Michael Kent is part of a revolution that may be driven on by this year's row over alleged currency market manipulation by major banks. Kent's online business, Azimo, and more than 30 others in the United Kingdom are building on the success of firms like Western Union and MoneyGram...

  • UBS looking to take back bonuses from forex traders Friday, 14 Nov 2014 | 6:26 PM ET

    Nov 14- UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders. HSBC Holdings Plc, Royal Bank of Scotland Group Plc, JPMorgan Chase& Co and Citigroup Inc are the other banks looking to take back bonuses, according to the FT report. JPMorgan declined to comment on the FT report,...

  • LONDON, Nov 14- British bank executives and regulators could be in line for public grillings following this week's landmark international settlement over allegations of manipulation and collusion in the $5.3 trillion- per-day foreign exchange market. The UK set its fines at record levels, reflecting rising political and public demands that bankers, cast...

  • *SFO asked for extra 26.5 mln stg in October. LONDON, Nov 14- Britain's anti-fraud agency will get any extra funds it needs to pursue a criminal investigation into alleged rigging of the $5.3 trillion- a-day currency market, a finance ministry source said on Friday. These also include an inquiry into Barclays Plc's 8 billion pound money-raising in 2008 and an...

  • LONDON, Nov 14- Britain's finance ministry will hand the country's anti-fraud agency all the funds it needs to conduct a criminal investigation into alleged rigging of the $5.3 trillion- a-day currency market, a Treasury source said. Finance minister George Osborne has written to the Serious Fraud Office to say it will be given the financial support it needs...

  • UPDATE 1-Scientific Games bond hits new bump in road Thursday, 13 Nov 2014 | 5:43 PM ET

    NEW YORK, Nov 13- Investor pushback forced Scientific Games to widen talk on its much anticipated acquisition financing bond on Thursday, which could leave the underwriters losing money on the deal. The leads announced price talk of 7.00%-7.25% for a US $700 m 7 NC3 senior secured note offering that was roughly in line with whispers. Bankers away from the deal...

  • *World gold demand dips 3 pct as China buying slides- WGC. NEW YORK/ LONDON, Nov 13- Gold fell on Thursday, as another sharp pullback in crude oil prices and improving U.S. jobs data decreased bullion's appeal as a hedge, and continued outflows from gold-backed ETFs suggested the precious metal is susceptible to further losses. "Physical buyers have responded...