Argentina's central bank on Tuesday ordered HSBC Argentina to name a new president and vice president within 24 hours, accusing the bank of failing to establish necessary controls to prevent tax evasion and money laundering.» Read More
LONDON, Nov 5- European shares fell on Monday, as mounting provisions at HSBC hit banks while political uncertainty in Greece also impacted sentiment, with investors avoiding taking large, new positions before the U.S. election.
NEW YORK, Nov 5- The expansion in the vast U.S. services sector slowed slightly last month, suggesting growth in the world's largest economy would remain modest, while activity in China's services industry also waned.
LONDON- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).
LONDON, Nov 5- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank said on Monday.
HSBC profit hit by $800 mln charge for U.S. fine. LONDON- HSBC sets aside $1.5 billion to cover potential U.S. fines for lax anti-money laundering controls and the final bill could be significantly higher. ( HSBC/, expect by 1000 GMT/ 5 AM ET, by Steve Slater and Matt Scuffham, 400 words).
*Banks fall as HSBC announces hit to Q3 profit. *Ryanair gains as the airline raises its outlook. LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of a too-close-to-call presidential election in the United States this week.
LONDON, Nov 5- HSBC has taken a $1.15 billion hit to cover a potential U.S. fine for lax anti-money laundering controls and to pay compensation for mis-selling products in Britain, eating into its quarterly profit.
HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential election spurred mild profit-taking after a strong run-up last week lifted the Hang Seng Index to a 15- month high.
*Q3 GDP growth 6.17 pct year-on-year, vs forecast 6.21 pct. JAKARTA, Nov 5- Indonesia's economy grew 6.2 percent in the third quarter from a year earlier, in line with forecasts, as the global downturn finally began to drag on a country whose resilience has attracted a flood of foreign investment this year.
*Foxconn surges more than 30 pct after Citigroup upgrade. HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential elections spurred mild profit-taking after a strong run-up last week lifted the local benchmark to a 15- month high.
SINGAPORE, Nov 5- Asia's secondary credit market was characterized by thin trading and illiquidity, with few players willing to put on new bets ahead of tomorrow's US presidential election.
JAKARTA, Nov 5- Indonesia's economy is seen growing at its slowest pace in two years in the third quarter, as the global downturn finally catches up with a country whose resilience has made it a magnet for foreign investors this year.
The near term is always always uncertain,'' Christian Murck, president of the American Chamber of Commerce in China and independent director of J.P. Morgan Chase Ltd, told Reuters. A lighter regulatory touch on bond writing, derivatives and funding channels are seen as crucial to foreign banks' growth in China.
*Cocoa rallies on Ghana supply squeeze, bucking weak trend. NEW YORK, Nov 2- Oil prices tumbled on Friday as foreign tankers were allowed to bring fuel from U.S. ports to the Northeast to ease a supply crunch after Hurricane Sandy, and metals and other key commodities fell on worries the devastation from the storm could hamper the economic recovery.
NEW YORK, Nov 2- Gold slid 2 percent in heavy trade on Friday, breaking below $1,690 an ounce for the first time in about two months as an encouraging U.S. nonfarm payrolls report lowered expectations for economic stimulus provided by global central banks.
*Raised exposure to US, Japan, Mexico, South Korea, Russia. OSLO, Nov 2- Norway's $660 billion sovereign wealth fund continued its long-term plan to cut investments in Europe in the third quarter, slashing its holdings of Spanish and French debt just as those countries try to recover investors' trust.
*AngloGold Ashanti suspends operations at S. African mine. Spot gold was at $1,709.26 at 1102 GMT, down 0.63 percent, while U.S. gold futures for December fell $5.80 to $1,709.70. ``The stronger dollar is bringing down a number of markets including gold,'' Standard Chartered analyst Daniel Smith said.
By Radu Marinas and Sam Cage and Justyna Pawlak and Raissa Kasolowsky. BUCHAREST/ BRUSSELS/ DUBAI, Nov 2- Two months into anti-government protests in Syria last year, as the military crackdown grew more vicious, the European Union and United States introduced sanctions against President Bashar al-Assad, his security chiefs and members of his family.
HONG KONG, Nov 2- Hong Kong has no plans to change its currency peg against the U.S. dollar, a government official said on Friday, dismissing talk of the authorities rethinking policy after being forced into heavy sales of the Hong Kong dollar to curb its strength.
*Citigroup, Deutsche Bank, HSBC, JPMorgan Chase top list. *G20 finance ministers meet in Mexico this weekend. Nov 1- Citigroup Inc, Deutsche Bank, HSBC and JPMorgan Chase& Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday.