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HSBC Holdings PLC

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  • Chinese shares underperform after soft data Wednesday, 13 May 2015 | 3:23 AM ET
    Workers manufacture cotton yarn at a factory in Dali county, Shaanxi province, China.

    Chinese stocks retreated late Wednesday after a fresh batch of economic indicators came in just shy of expectations.

  • *Gold steady after near 1 percent overnight gain. SINGAPORE, May 13- Gold held on to overnight gains and was trading near its highest in a week on Wednesday, supported by a softer dollar, but rising bond yields and uncertainty over the timing of a possible U.S. rate hike kept the rally in check. Spot gold was steady at $1,193.60 an ounce by 0328 GMT, not too far from a...

  • In a statement, House Financial Services Committee Chairman Jeb Hensarling, a Republican, said the documents being requested will help the panel understand whether banks might still be too big to fail and if this affects decisions to prosecute them criminally. A Justice Department spokeswoman said the department has "made great efforts" to accommodate the...

  • A handful of banks will likely resolve forex-rigging investigations by the U.S. Justice Department as soon as this week: JPMorgan Chase& Co Citigroup, British banks Royal Bank of Scotland and Barclays and Swiss bank UBS. Spokespeople for Citi, JPMorgan, RBS, UBS, and Barclays all declined to comment. If parent companies of U.S.-based JPMorgan and Citigroup plead...

  • *China cuts rates for 3rd time in 6 months, more steps seen. TOKYO, May 11- Asian shares rose on Monday as investors cheered China's latest cut to interest rates to bolster its flagging economy and as Wall Street rallied after a robust headline reading for U.S. employment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent in early trade,...

  • WTI ends up, but Brent falls after rig count data Friday, 8 May 2015 | 2:38 PM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    US oil prices settled higher after oilfield services firm Baker Hughes reported that the U.S. oil rig count fell for the 22nd consecutive week.

  • NEW YORK, May 8- Vadian Bank AG has become the second of what are expected to be dozens of Switzerland- based private banks to reach a deal with the U.S. Department of Justice under a voluntary disclosure program for assisting Americans in evading taxes. Gallen, in northeast Switzerland, accepted accounts that were forced out of other Swiss banks in 2008 after it...

  • *Shares in Barclays up 5.7 percent. *Shares in StanChart up 1.4 pct, HSBC up 1.1 pct. HSBC and Standard Chartered rose by 1.1 percent and 1.4 percent respectively.

  • SINGAPORE, May 8- Oil fell on Friday, erasing gains earlier in the session, as concerns over oversupply outweighed strong Chinese import figures. Benchmark Brent crude was at $65.42 per barrel at 0500 GMT, down 12 cents after hitting a session high of $65.75. U.S. crude was 22 cents lower at $58.72 a barrel.

  • SINGAPORE, May 8- Oil prices stabilised on Friday, following a steep fall in the previous session, as the demand outlook in Asia remained healthy despite slowing economic growth. Thomson Reuters Oil Research and Forecasts said early indicators showed that seaborne crude flows into Asia would be around 80-82 million metric tonnes in May, broadly steady with...

  • Gold ends lower on higher dollar, Fed uncertainty Thursday, 7 May 2015 | 2:26 PM ET

    Gold extended losses into a second session as higher bond yields dented its investment appeal, while uncertainty over a U.S. rate hike also weighed.

  • SAO PAULO, May 7- Votorantim Cimentos SA on Thursday became the first Brazilian company to tap international bond markets since November, after clinching the sale of 500 million euros in 10- year debt. Proceeds from the deal will be used to repurchase a $303 million euro bond due in 2017, Chief Financial Officer Lorival Luz said in a phone interview from London.

  • HONG KONG, May 7- Companies around the globe are gradually switching settlement of some trade transactions into yuan, but complex regulations in China remain a barrier to using the currency more readily. The survey questioned 1,610 international companies during January and February currently doing business with mainland China, or were a business in...

  • What US investors should watch for in UK elections Thursday, 7 May 2015 | 1:19 AM ET
    A double decker bus makes its way over Westminster Bridge, past the Houses of Parliament and Big Ben in London, England.

    As voting in the U.K. election gets under way, analysts contemplate the possible effects for American investors.

  • *Gold extends losses to second session. SINGAPORE, May 7- Gold extended losses into a second session on Thursday as higher bond yields dented the investment appeal of the metal, while uncertainty over the timing of a U.S. rate hike also weighed. Spot gold fell 0.4 percent to $1,186.95 an ounce by 0416 GMT, after losing 0.1 percent in the previous session, holding below...

  • WASHINGTON, May 6- Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. "Our new policy reflects our decision to continue to reduce our credit exposure over time to the coal mining sector globally," said Andrew Plepler,...

  • PARIS, May 6- U.S. bank JPMorgan Chase has been placed under formal investigation in France as part of a probe into alleged tax evasion by senior managers at investment firm Wendel, a court official said on Wednesday. A Paris- based spokesman for JPMorgan declined to comment on the move, part of a wider investigation in which as many as 14 Wendel executives face...

  • *HSBC, Standard Chartered fear further tax hike. LONDON, May 6- Lack of a clear winner in Britain's national election on Thursday is likely to impact the appetite of businesses to borrow, senior bankers told Reuters. Both the Conservative Party, which has led a coalition government with the Liberal Democrats for the past five years, and the opposition Labour Party...

  • *Traders face overnight shifts, early starts after UK vote. LONDON, May 6- After a five-week campaign that has left Britain's two main parties neck and neck going into Thursday's general election, London's dealing rooms are bracing for days rather than hours of uncertainty. Most famously in 1992, financial markets were so euphoric about the unexpected return of...

  • LONDON, May 6- Standard Chartered said it expected Britain to increase its bank levy again and the rising cost of the tax was a key issue in its assessment of whether to keep its headquarters in London or move to Asia. Standard Chartered Chairman John Peace told investors on Wednesday the Asia- focused bank had "no current plans to move" but was keeping its domicile...