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HSBC Holdings PLC

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  • 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...

  • *Mainland rally on liquidity, Hong Kong corrects on fundamentals- analysts. SHANGHAI, Dec 1- China and Hong Kong stocks had mixed morning sessions on Monday as investors took divergent views on the implications of a deposit insurance draft plan, with bank shares in Shanghai rising even as Hong Kong traders continued to sell them off. Earlier, mainland markets had...

  • BEIJING, Dec 1- Growth in China's manufacturing sector slowed in November, suggesting the world's second-largest economy is still losing momentum and adding pressure on authorities to ramp up stimulus measures after unexpectedly cutting interest rates last month. After saying for months that China does not need any big economic stimulus, the People's Bank...

  • SEOUL, Dec 1- South Korean shipments unexpectedly tumbled their most in more than 1-1/ 2 years in November as a plunge in oil prices and stiff competition from Apple Inc. hit the export-reliant economy's major products, heightening pressure for further rate cuts. "The central bank will definitely face more pressure to cut rates as inflation runs the risk of...

  • BEIJING, Dec 1- Growth in Chinese factories stalled in November as output shrank for the first time in six months, reinforcing expectations that authorities will roll out more aggressive stimulus measures after unexpectedly cutting interest rates to shore up growth. The final HSBC/ Markit China Manufacturing Purchasing Managers' Index edged down to 50.0 in...

  • The final HSBC/ Markit China Manufacturing Purchasing Managers' Index edged down to 50 in November, a six-month low and right on the boom-bust 50- point level that separates growth from contraction on a monthly basis. Output fell to 49.6, the worst since May, as companies scaled back production in the face of "muted growth in new work" and subdued market conditions,...

  • BEIJING, Dec 1- Growth in China's manufacturing sector slowed to an eight-month low in November, suggesting the world's second-largest economy is still losing momentum and more policy easing may be needed in addition to a surprise interest rate cut last month. The data came after China cut interest rate unexpectedly on Nov. 21, stepping up efforts to support an...

  • China PMI highlights overcapacity woes: Xie  Sunday, 30 Nov 2014 | 8:47 PM ET

    Andy Xie, Independent Economist, says inventory and overcapacity concerns in China is indicative of the country's over-investment issues.

  • BEIJING, Dec 1- Growth in Chinese factories stalled in November as output shrank for the first time in six months, reinforcing expectations that authorities will roll out more aggressive stimulus measures after unexpectedly cutting interest rates to shore up growth. The final HSBC/ Markit China Manufacturing Purchasing Managers' Index edged down to 50.0 in...

  • Nov 28- Wells Fargo& Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area. According to a complaint filed in the U.S. District Court in Chicago, which is part of Cook County and the third-most populous U.S. city,...

  • Nov 28- Wells Fargo& Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area. According to a complaint filed in the U.S. District Court in Chicago, which is part of Cook County and the third-most populous U.S. city,...

  • Early Movers: XOM, HAL, DAL, GOOG, TM & more Friday, 28 Nov 2014 | 7:47 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • LONDON, Nov 28- The oil price collapse pushed Russia's rouble to new record lows near the 50 per dollar mark on Friday, while currencies in energy producers from Nigeria to Malaysia hit multi-year or all-time lows. Brent crude has fallen below $72 a barrel after the OPEC club on Thursday decided against production cuts, broadening the divide between...