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HSBC Holdings PLC

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  • Lloyds Bank seeks key ringfencing rule exemption Tuesday, 6 Jan 2015 | 2:19 AM ET

    Lloyds Banking Group is seeking an exemption to one of the key measures of the UK's new ringfencing regime.

  • CAIRO, Jan 6- Business activity in Egypt expanded at its fastest rate in three months in December, a survey showed on Tuesday, with rising output and export demand bolstering a fragile economic recovery. "Egypt is yet to regain momentum but a fifth consecutive score above 50.0 reinforces our view that the economy continues to stabilize," Simon Williams, chief...

  • HONG KONG, Jan 6- China's yuan edged up against the dollar on Tuesday after a private survey showed China's services sector grew at its fastest pace in three months in December. The People's Bank of China fixed the midpoint at 6.1256 per dollar, slightly softer than Monday's 6.1248. The HSBC/ Markit Services Purchasing Managers' Index picked up to 53.4 last month...

  • China's services activity at 3-month high Monday, 5 Jan 2015 | 10:15 PM ET

    China's services sector grew at its fastest pace as orders remained strong, a sign of strength even as manufacturing activity and property market slows.

  • BEIJING, Jan 6- China's services sector grew at its fastest pace in three months in December as new orders remained strong, a private survey showed, an encouraging sign of strength even as manufacturing activity slows and the property market softens. The HSBC/ Markit Services Purchasing Managers' Index picked up to 53.4 last month from November's 53.0, well above...

  • BEIJING, Jan 6- China's services sector grew at its fastest pace in three months in December as new orders remained strong, a private survey showed, an encouraging sign of strength even as manufacturing activity slows and the property market softens. The HSBC/ Markit Services Purchasing Managers' Index picked up to 53.4 last month from November's 53.0, well above...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. JPMorgan settled after mediation with Kenneth Feinberg, who also oversees a General Motors Co program to compensate drivers whose vehicles had faulty...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. The settlement was disclosed in a letter filed on Monday with the U.S. District Court in Manhattan from lawyers for JPMorgan, the largest U.S. bank, and investors.

  • LONDON, Jan 5- New Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales when he provides an update on his plans to revive the troubled British grocer's fortunes on Thursday. Britain's biggest retailer, reeling from an accounting scandal and four profit warnings that halved its share price last year, could also detail substantial property asset...

  • WARSAW, Jan 5- Weaker growth in Hungarian manufacturing led a slowdown in central European factory output in December as falling oil costs failed to offset the drag from the euro zone's malaise and the crisis in Russia. The Manufacturing PMI index for Poland, the region's largest economy, eased to 52.8 last month from 53.2 in November, data compiled by Markit and...

  • *China's factories end 2014 at a low; services stronger. LONDON/ SYDNEY, Jan 2- The global economy ended 2014 in a fragile state as factories struggled to maintain growth across Europe and Asia, business surveys showed, adding to pressure on central banks to implement more stimulus. "Growth really does appear to be stalling based on these indicators so certainly the...

  • New Zealand looks beyond last Hobbit Friday, 2 Jan 2015 | 1:23 AM ET

    "Tolkien-mania" tourism is boosting New Zealand's economy and helping to offset a price slump of its biggest export, milk. The Financial Times reports.

  • SYDNEY, Jan 2- China's growth engine looks to have ended last year on a flat note as its massive factory sector sputtered in December, though ebbing price pressures also offered scope for more policy stimulus from Beijing and across much of Asia. The tale was similar from Singapore to South Korea to Indonesia as manufacturers struggled with weak demand, both at...

  • Strong new business reinforces Finance Minister Arun Jaitley's view that the economy will grow "much better" in 2015/ 16, while weaker inflation gives the Reserve Bank of India more room to cut interest rates as expected this year. The HSBC Manufacturing Purchasing Managers' Index, compiled by Markit, rose to 54.5 in December from 53.3, its highest since end-2012...

  • China developer Kaisa fails to repay $51M loan Thursday, 1 Jan 2015 | 11:30 PM ET
    At a property trade fair in Beijing, China

    Property developer Kaisa had failed to repay a HK$400 million loan and may default on more debt, amid a downturn in the real estate sector.

  • SEOUL, Jan 2- South Korea's manufacturing activity shrank for a fourth consecutive month in December but at a slower pace, a private-sector survey showed on Friday, adding to signs that the economy may be slowly regaining its footing heading into 2015.. The HSBC/ Markit purchasing managers' index on South Korea's manufacturing sector rose to a seasonally...

  • BEIJING, Jan 1- China's factory activity sputtered in December, underlining the challenges facing the country's manufacturers as they fight rising costs and softening demand in a cooling economy. After a rough 2014, the world's second-largest economy looks set to start the new year on a weak note, reinforcing expectations that Beijing will roll out more...

  • US crude posts 46% annual loss, largest since 2008 Wednesday, 31 Dec 2014 | 2:52 PM ET

    Brent crude briefly dipped below $56 a barrel on Wednesday to a fresh 5-½-year low and was heading for its biggest annual decline since 2008.

  • HONG KONG, Dec 31- When Xi Jinping wanted to deliver a political message to Hong Kong as protesters demanding free elections were threatening to take to the streets, he summoned the tycoons who dominate the city's economy. But while Xi's message that day in the Great Hall of the People failed to deter the protesters, in speaking directly to the city's business and...

  • BEIJING, Dec 31- China's central bank said on Wednesday it will keep implementing prudent monetary policy next year and use various monetary tools to maintain adequate liquidity and reasonable growth in credit and social financing. The People's Bank of China will pay more attention to fine tune policies when necessary, Zhou said. It also noted that China's...