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HSBC Holdings PLC

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  • *Bank of Korea cuts growth, inflation forecasts. The Bank of Korea cut this year's economic growth and inflation forecasts but Governor Lee Ju- yeol said the downgrades were already factored in when the central bank cut the base rate by 25 basis points to a record low 1.75 percent last month. "The non-unanimous decision suggests that the monetary easing cycle in...

  • SINGAPORE, April 9- Gold retreated for the third session in a row on Thursday after comments from Federal Reserve officials and minutes of the U.S. central bank's meeting last month suggested that a rate increase in June remained on the cards despite recent weak data. "The near-term outlook for gold looks weak, with the path of least resistance lower," said HSBC...

  • *Manulife expects deal to be accretive to EPS in 2017. Manulife expects the agreement to be accretive to core earnings per share in 2017 and the initial payment is expected to reduce Manulife's regulatory capital ratio by 10 points. Aviva was among the players competing for the new partnership that also included AIA Group Ltd and Prudential plc.

  • A Chinese win at IMF no one-way bet for yuan Tuesday, 7 Apr 2015 | 5:00 PM ET

    SHANGHAI, April 8- Later this year the IMF might include the Chinese yuan in its official basket of reserve currencies, a political and economic triumph for Beijing in the teeth of U.S. opposition, but slowing growth in China is likely to limit the impact of the victory. That in turn should lower transaction costs, exchange risk and borrowing costs for China, already...

  • This is slowing renewables’ advance in Asia Monday, 6 Apr 2015 | 6:45 PM ET
    Two Uighur children play around the solar panels in the remote Bulunkou township in the mountains south of Kashgar, Xinjiang, China.

    Across Asia, governments are trying to boost renewables' share of the energy mix, but often, there's one big obstacle holding projects back: money.

  • Asian central banks back in action this week Sunday, 5 Apr 2015 | 6:41 PM ET
    A man cycles past the Bank of Japan headquarters building and a sign reading "Bank of Japan" in Tokyo, Japan.

    Asian markets are likely to focus on a string of central bank action this week as well as key inflation data from China.

  • *U.S. stock futures suggest weak Monday open. NEW YORK, April 3- U.S. Labor Department data showed U.S. employers added just 126,000 jobs in March, the fewest in more than a year.

  • Why Vietnam’s positives aren’t boosting stocks Thursday, 2 Apr 2015 | 10:56 PM ET
    Stock prices are shown on a ticker outside a securities firm in Hanoi, Vietnam.

    Vietnam's economy seems to have it all – good demographics, rising incomes and growing consumption – but that's not enough to boost its stock market.

  • SINGAPORE, April 3- Gold fell below $1,200 an ounce on Friday as the dollar regained some lost ground ahead of a U.S. jobs report that will provide clues on when the Federal Reserve will hike interest rates. Spot gold was off 0.2 percent at $1,199.36 an ounce Gold jumped nearly 2 percent on Wednesday in its sharpest single-day gain in two months after U.S. private...

  • *HSBC/ Markit index at 52.3, up from Feb's 52.0. BEIJING, April 3- China's services sector expanded in March even as growth in employment and new business fell to their lowest in at least eight months, a private survey showed on Friday, in yet another sign that the weak Chinese economy may need more policy aid. "Chinese manufacturers and service providers both managed...

  • BEIJING, April 3- China's services sector expanded in March even as growth in employment and new businesses fell to the slowest pace in at least eight months, a private survey showed on Friday, another sign that the weak Chinese economy may need more policy aid. The data resonates with three other PMIs released earlier this week that showed stubborn weakness in...

  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 2- China takes steps to stimulate its vast housing sector and the manufacturing index surprises on the upside, and yet iron ore slips to another record low. The People's Bank of China on March 30 cut downpayment requirements for buyers of second homes, while the Ministry of Finance said...

  • HONG KONG, April 2- Yuan deposits in Hong Kong contracted for the second straight month in February, a sign that more measures to encourage yuan fund flows from the onshore market may be needed to grow the world's biggest offshore yuan pool. Yuan deposits grew quickly in Hong Kong after China in 2009 allowed cross-border trade to be settled in its currency.

  • *Gold rose 1.8 pct on Wednesday, the most in two months. SINGAPORE, April 2- Gold hovered above $1,200 an ounce on Thursday, clinging to gains from the prior session when it rose the most in two months, after weak U.S. private jobs data suggested that a more comprehensive employment report could disappoint. Spot gold was flat at $1,203.55 an ounce by 0215 GMT, after...

  • China's new bank scheme could spur competition Wednesday, 1 Apr 2015 | 7:51 PM ET

    China's newly announced deposit insurance scheme could spur competition among the country's smallest lenders.

  • NEW YORK, April 1- HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday. The government made its criticisms after reviewing findings of an independent monitor, Michael Cherkasky, who was...

  • NEW YORK, April 1- HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday. The government made its criticisms after reviewing the findings of an independent monitor, Michael Cherkasky, who was...

  • *Oil rallies as talks on Iran continue. NEW YORK, April 1- U.S. stocks fell for a second day and the dollar dipped after a weaker-than-expected report on private sector employment spurred investor concerns that a highly anticipated monthly U.S. jobs report on Friday could also point to slowing economic growth. However, oil futures rallied as talks over Iran's...

  • Morgan Stanley said 62 percent of investors polled at its European financial industry conference said the negatives of having a global banking business outweighed the benefits as regulations had "become overbearing" for the largest firms. "We found it striking that some management teams are seeking to make their businesses simpler, and we believe investors...

  • Early movers: SHLD, WMT, GDDY, AAPL & more Wednesday, 1 Apr 2015 | 7:47 AM ET
    Traders work the floor of the New York Stock Exchange.

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