Weather New York, NY +70°F

HSBC

Factory worker

China May official factory PMI seen lackluster despite stimulus moves

China's factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy.

Read Full Article
Steel factory in China

China April HSBC PMI shows biggest drop in factory activity in a year

China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh stimulus measures to halt a slowdown in the world's second-largest economy.

Read Full Article
HSBC

HSBC says to consider whether to move headquarters from Britain

HSBC Holdings (HSBA.L), Europe's biggest bank, said it has started a review of whether to move its headquarters out of Britain following regulatory and structural changes in the industry.

Read Full Article
Standard Chartered

Stanchart says committed to Islamic banking after head of unit exits

Standard Chartered remains committed to Islamic banking and expects growth in its core markets, a spokesman for the lender said on Sunday, after the head of its Islamic arm departed.

Read Full Article
Frankfurt stock exchange

Oil surges on Yemen air strikes, global stocks tumble

Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies.

Read Full Article
Oil refinery

Oil rebounds towards $57 as weaker dollar overshadows China slowdown

Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.

Read Full Article
HSBC

HSBC Asset Management buying bonds of commodity exporters, Russia, Brazil

HSBC Global Asset Management, an arm of HSBC Holdings (HSBA.L), is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said.

Read Full Article
Carlos Slim

Carlos Slim bank unit pledges America Movil stock for new loans

A subsidiary of Mexican billionaire Carlos Slim's Grupo Financiero Inbursa (GFINBURO.MX) bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday.

Read Full Article
Federal Reserve

Banks brace for Fed capital buffers inspection

The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk.

Read Full Article
Frankfurt stock exchange

Europe shares hold at seven-year highs, China rate cut lifts Asia

European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.

Read Full Article
Currency

ECB braces for QE as others shift rates

Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings.

Read Full Article
Logistic center

China PMI shows factory activity shrank again in February

Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February.

Read Full Article
HSBC

HSBC not the troublemaker made out to be, rival Swiss banker says

HSBC (HSBA.L), in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn't the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday.

Read Full Article
HSBC

HSBC says Swiss scandal has brought 'shame' on bank

HSBC (HSBA.L) reported a 17 percent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.

Read Full Article
HSBC

Switzerland flexes parliamentary muscle as scrutiny of HSBC intensifies

Swiss lawmakers plan to question the country's financial watchdog about HSBC's Swiss bank to determine whether parliament needs to take a more active role in investigation of a trove of details on alleged tax evasion by some of the bank's wealthy clients.

Read Full Article
1 2 3 4 5 6

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics