PMI data for July and August now suggest a further slowdown in GDP growth in the third quarter, HSBC's economist says.
The HSBC services PMI in August was helped by rising demand and optimism, even as shrinking profit margins hurt employment slightly.
The HSBC China Manufacturing Purchasing Managers’ Index rose to 50.1 in August from 47.7 in July.
Some analysts expect growth while others predict continued contraction in China’s factory activity in the HSBC-Markit PMI for August.
From the staid and storied halls of the world's third-largest bank comes a wild and woolly prediction about gold.
China’s factory activity in August is expected to grow at its fastest in three months, according to an official survey due on Aug. 31.
The latest four-month-high flash PMI reading for China’s manufacturing industry reflects Beijing's recent efforts to prop up growth.
The improvement in HSBC's manufacturing survey comes after an unexpected rebound in the official PMI reading in July.
The United States is the second most-expensive country for international students, behind Australia, according to a new HSBC report.
London-based HSBC has posted impressive profits, after three years of cuts.
China's service sector shows resilience even as the economy struggles to maintain growth momentum, HSBC's latest reading of PMI shows.
The latest HSBC China purchasing managers’ indexes indicate a divergence between the two economic sectors.
Official and private estimates of the state of China's factory sector differ, making it harder to judge the true health of the country's economy.
The HSBC PMI fell to 47.7 in July, suggesting that the slowdown in China's growth continues to hurt its factories.
China's HSBC Flash PMI for July is 47.7 -- an 11-month low -- compared with June's final reading of 48.2.
Indonesia is on track to grow its economy by 5.9 to 6.1% this year despite low exports numbers, thanks to robust domestic demand.
Two separate surveys on China's factory growth differed in their readings but hinted at a slowdown in the country's manufacturing sector.
The British Prudential Regulation Authority says Royal Bank of Scotland has by far the biggest capital reserve hole in its balance sheet in the UK.
Maybe Hong Kong needs an Edward Snowden-type in its banks.
Two top gold analysts predict that the price of gold could skyrocket by the end of 2013.
HSBC took too long to file for judicial intervention in foreclosure cases in four New York counties, the N.Y. state attorney general said.
The euro zone purchasing managers’ index for May shows that businesses are still contracting. Meanwhile, the U.K. reported flat Q1 growth.