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HSBC Holdings PLC

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  • *Greenback higher vs euro after biggest fall in six years. LONDON, March 19- The dollar fought back across the board on Thursday after posting its biggest daily fall in 18 months in the wake of a much more cautious Federal Reserve statement on interest rates than expected. The Norwegian crown gained as much as 3 percent against the euro- its biggest daily rise since...

  • LONDON, March 19- Six participants will be involved in setting the first London Bullion Market Association gold price, an electronic benchmark brought in to replace the London gold fix, Intercontinental Exchange said on Thursday. The four current members of the century-old gold fix, Barclays, HSBC, Bank of Nova Scotia and Societe Generale, will be taking part in...

  • FOREX-Dollar fights back after Fed drives it down Thursday, 19 Mar 2015 | 4:29 AM ET

    *Greenback higher vs euro after biggest fall in six years. LONDON, March 19- The dollar clawed back much of the ground it had lost on Thursday after posting its biggest daily fall in 18 months in the wake of a much more cautious Federal Reserve statement on interest rates than expected. The euro was down 2 percent at $1.0631, having traded as high as $1.0920 overnight.

  • HONG KONG, March 19- As offshore yuan bond yields in Hong Kong keep hitting highs, those on dim sum bonds issued by sovereigns and non-bank entities this month have surpassed their onshore counterparts for the first time. For government bonds, a 5- year yuan bond in Hong Kong was trading with a yield of 3.65/ 3.59 percent on Thursday, compared with 3.37/ 3.31 percent in...

  • **China A-shares could be included in MSCI Emerging Market Index as early as this year- HSBC. ** "We forecast that the A-share market cap will increase to $10 trln by 2020, with foreign ownership rising to 10 pct," HSBC says in a report. **MSCI faces opposition to China inclusion in key index- sources.

  • Gold surges after Fed removes 'patient' Wednesday, 18 Mar 2015 | 2:30 PM ET

    Gold steadied above a more than four-month low as investors remained cautious pending the conclusion of a Federal Reserve meeting.

  • Prices will drop an average 8 percent in Switzerland, China, the United States, the Caribbean, and Central and South America, 7 percent in the UK and 13 percent in Hong Kong, but Tag Heuer said it would not raise prices in the euro zone, Japan or Singapore. The news follows a decision by French fashion house Chanel this week to hike prices in Europe and cut them in Asia to...

  • *But U.S. rate hike unlikely in June, probably Sept- HSBC. SINGAPORE, March 18- Gold dropped to near its lowest in more than four months on Wednesday, reflecting caution ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in U.S. interest rates. "The removal of the word" patient "from the FOMC's guidance may initially...

  • PRECIOUS-Gold comes off 4-month low; Fed outcome eyed Tuesday, 17 Mar 2015 | 10:48 PM ET

    *But U.S. rate hike unlikely in June, probably Sept- HSBC. SINGAPORE, March 18- Gold edged up on Wednesday after hitting a more than four-month low in the previous session, while traders remained cautious ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in U.S. interest rates. "The removal of the word" patient "from the...

  • *Sberbank, Santander, BBVA set up $100 mln fintech funds. *Banks step up investments, partnerships with tech start-ups. LONDON, March 17- Hoping to link with tech entrepreneurs and get ahead of a wave of digital innovation, Europe's top banks are setting up multi-million dollar investment funds, hiring scouts in Silicon Valley and hosting "speed dating" sessions.

  • *Platinum falls to lowest since July 2009. *Platinum- gold spread at nearly $53/ oz. SINGAPORE, March 17- Platinum tumbled to a 5-1/ 2- year low on Tuesday as the combination of a stronger dollar, weaker gold prices and improving supply took a toll on prices.

  • Amid strong inflows, Philippines exporters struggle Monday, 16 Mar 2015 | 7:17 PM ET

    In the Philippines, inflows from outsourcing contracts and millions of citizens working overseas lift incomes yet also have made the peso appreciate.

  • MANILA/ JAKARTA, March 17- Nearly $40 billion a year piles into the Philippines, thanks to work its citizens do abroad or for outsourcing firms, but the windfall also brings pain through an overvalued currency and the risk of catching the "Dutch disease." In the Philippines, inflows from outsourcing contracts and millions of citizens working overseas lift incomes...

  • HOLLYWOOD, Fla., March 16- Some banks that have non-prosecution agreements over failures to police transactions for criminal activity could see those deals withdrawn and be forced to plead guilty, a U.S. Justice Department official said on Monday. The Justice Department has since entered into non-prosecution agreements and deferred-prosecution...

  • March 13- The U.S. Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, Bloomberg reported on Friday, citing people familiar with the talks. The discussions, which have begun in earnest in recent weeks, could lead to settlements that would resolve U.S. accusations of criminal activity in...

  • *HSBC refused plea bargain and 1.4 bln euro fine- Le Monde. PARIS, March 13- The French financial prosecutor's office has requested that HSBC's Swiss private bank be put on trial in France to answer charges over a suspected tax-dodging scheme for wealthy customers, a judicial source said on Friday. The probe was sparked by whistleblower Herve Falciani, a former IT...

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions and other violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • Dollar rally stalls, euro climbs from 12-year low Thursday, 12 Mar 2015 | 3:21 PM ET

    The euro extended gains against the dollar after surprisingly weak February retail sales data, recovering from an earlier 12-year low in Asian trade.

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • LONDON/ DUBAI, March 12- Saudi Aramco, the kingdom's state oil giant, is close to completing a $10 billion tightly-priced loan, banking sources said on Thursday, part of which could be used to back the purchase of a stake in German synthetic rubber firm Lanxess. The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco, the...