HSBC

Mixed Signals Emerge From China's Factories In March

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China's big factories were surprisingly busy in March as a stream of new orders lifted activity to an 11-month high, but credit-constrained smaller manufacturers struggled, suggesting that the economy is still losing steam.

Gold Rises As Dollar Falls And Euro Zone Firewall Expands

AngloGold Ashanti facility in Ghana
Gold prices rose on Friday as the dollar fell to a one-month low against a basket of currencies, including the euro, after European finance ministers agreed to boost the euro zone's debt crisis firewall to roughly 800 billion euros ($1.1 trillion).
A logo of Germany's Commerzbank is seen in bright sunshine next to the headquarters of the bank in Frankfurt

German Unemployment Rate Hits Lowest Level in Two Decades

German unemployment rate fell to a record low in March, in contrast to many other nations in the eurozone which suffer from rising unemployment levels, while also showing evidence that growth in the Europe’s largest economy is picking up.
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Futures hold losses after data

Stock index futures briefly extended their losses on Thursday after the latest reading on jobless claims.
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Stock Index Futures Point To Lower Opening

Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.57 percent and Nasdaq 100 futures down 0.58 percent at 1000 GMT.
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Asian Shares Flat As Weak China Data Stir Growth Worries

Asian shares gave back earlier gains Thursday after data showed China's factory activity shrank for a fifth successive month, underscoring concerns about a growth slowdown in the world's second largest economy.
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Greece Unveils Details Of Bond Swap Advisers' Pay

Greece unveiled details of payments to its two main debt restructuring advisers late on Wednesday to knock down a local website report that they had received 74 million euros.
U.S. Federal Reserve

Fed Fining Eight More Home Mortgage Lenders In Robo-Signing Scandal

The Federal Reserve plans to fine eight more bank holding companies for improper home mortgage foreclosures, the latest fallout from the so-called robo-signing scandal in which banks filed foreclosure documents without verifying their accuracy.
People walk behind the logo of Swiss bank UBS in Zurich

China's Cinda Gets $1.6B From UBS, 3 Other Investors

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
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China's Bank of Communications In $8.9B Share Offering

Bank of Communications Co., Ltd. (BoCom) will raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance. The bank's shares were suspended on Thursday in advance of the announcement.
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China's BoCom raises $8.9 billion in private placement

China's fifth-largest lender, Bank of Communications Co Ltd , will raise $8.9 billion to meet tighter capital requirements by placing shares with existing shareholders such as HSBC and the country's finance ministry.
Heavy equipment at Super Pit

Gold Falls But Bullion Holdings Climb To Record

Gold fell on Monday, under pressure from a softer euro and from dwindling expectations for the Federal Reserve to signal the need for more measures to keep U.S. rates low, although longer-term investors took their bullion holdings to a fresh record.
A worker stands in front of containers at a port in Shanghai May 10, 2011.

The Chinese Equation: Inflation Down + Trade Deficit Up = Stimulus?

Call us crazy, but the two most recent major economic data releases by China -- the consumer price index on Friday and the trade balance on Saturday -- indicate there could be a case to be made for monetary stimulus in the world's second-largest economy.
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Import surge sends China trade to decade-deep deficit

China's trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade and fuel doubts about the extent to which frail foreign demand or seasonal distortion drove the drop.
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Regulator approves Cap One: HSBC deal

Bank regulators approved Capital One Financials acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
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Regulators approves Cap One-HSBC deal

Bank regulators approved Capital One Financial's acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
Iron and Steel Industry in China

China, India See Banks As Key To Economic Revival

Leaders of China and India, two of the world's biggest economies, are responding to a decline in their nation's blistering rates of growth by focusing on virtually identical ways to stimulate bank lending and regain financial momentum.
A Deutsche Bank logo is pictured in front of the Deutsche Bank headquarters in Frankfurt

Deutsche Bank Borrows $6 to $13 Billion from ECB on LTRO

Deutsche Bank has taken 5-10 billion euros ($6.6-$13.3 billion), of the European Central Bank's (ECB) long-term refinancing operation (LTRO), which offers three-year loans to banks at a rate of 1 percent according to a report.
HSBC bank branch logo is seen in central London

HSBC Sells Insurance Units for $914M

HSBC announced on Wednesday an agreement to sell its insurance businesses in emerging markets for $914 million in cash, in a continuing effort to offload non-banking assets.
787 Dreamliners are seen on the production line at the Boeing Commercial Airplane manufacturing facility in Everett

German Factory Orders Slumped Unexpectedly in January

German factory orders unexpectedly decline in January, mirroring a sharp drop in orders from outside the euro zone, flashing an early warning sign that Europe's largest economy could be heading back into recession.
Crushed ore facility

Gold Falls More Than 1%, Falls Below $1,690

Gold prices fell more than 1 percent in Europe on Tuesday, pushing through support at $1,690 an ounce, as jitters over whether private creditors will agree to a Greek bond swap deal and wider euro zone growth pressured the euro versus the dollar.
China npc

China Cuts 2012 GDP Target to 7.5%, an 8-Year-Low

China lowered its economic growth target to an eight-year-low of 7.5 percent from an 8 percent goal in place since 2005, a signal that the country's leaders are determined to scale back the reliance on external demand and foreign capital, in favor of domestic consumption.

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