HSBC Holdings News

By 2015 the Chinese currency, the renminbi , will be one of the three most traded currencies in the world, on par with the euro and the dollar, HSBC said on Friday.

London equities finished lower for a second straight day, with investors being put off by the recent gyrations in the market, although the early close of some US markets ahead of the Memorial Day weekend may also have played a role.

China's stocks rose, lifting the Shanghai Composite Index from its biggest slump in a month, as gains by health-care and technology stocks overshadowed losses among property developers.

's stock had its "outperform" rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday, AnalystRatings.Net reports.

Barratt Developments: Liberum Capital raises target price from 270p to 358p, while downgrading to hold.

Shares in Taiwan took a beating to close below 8,300 points Thursday amid fears that the U.S. Federal Reserve will make an early exit from its current quantitative easing after sending mixed messages on the issue, dealers said.

Simon Manwaring Robertson - Deputy Chairman, Chairman of Nomination Committee, Chairman of Group Remuneration Committee, and Member of Financial System Vulnerabilities Committee Ladies and gentlemen, good morning, and welcome to the 2013 Annual General Meeting of HSBC Holdings plc.

HSBC Holdings Plc Chairman Douglas Flint said it's "worrying" that more countries are acting unilaterally on regulation as financial oversight undergoes its biggest change since the Great Depression of the 1930s.

Bank of America Corp., the second- largest U.S. lender by assets, is seeking buyers for about 40 branches in New York and Pennsylvania, four people with knowledge of the matter said.

Financial services company HSBC Holdings PLC Friday said it is actively supporting governments and regulators to improve financial stability, and reaffrirmed its expectation to generate a further $2 billion to $3 billion in savings over the next three years.

's stock had its "buy" rating reiterated by equities research analysts at Espirito Santo Investment Bank Research in a research note issued to investors on Friday, Stock Ratings Network reports.

HSBC Holdings PLC plans to sell the first yuan-denominated bond to be cleared out of Singapore, in a step forward for the city-state which is trying to build itself into an offshore trading hub for the Chinese currency.

Britain's five biggest banks are poised to plug their part of a 25 billion-pound capital shortfall identified by regulators without turning to shareholders for money.

U.K.'s benchmark FTSE 100 stock index retreated from a 13-year high on Thursday, with resource firms adding pressure after disappointing Chinese manufacturing data fueled worries about growth recovery in the Asian nation.

Cotton futures fell to the lowest in almost three months on concern that a slowing economy will curb demand in China, the world's biggest importer.

HSBC Holdings named Simon Robertson, a former Goldman Sachs banker and chairman of Rolls-Royce, as the new chairman of its remuneration committee to replace John Thornton.

Peugeot declined as much as 7.5 percent, VW fell as much as 5.3 percent and Renault lost as much as 5.1 percent after the figures indicated manufacturing in the country is shrinking in May for the first time in seven months.

Frederic Neumann, co- head of Asian economics research at HSBC Holdings Plc in Hong Kong, talks about China's economic outlook.

Asian stocks fell the most in five weeks and metals sank on disappointing Chinese manufacturing data.

A New Jersey businessman who cooperated with prosecutors avoided prison after admitting he conspired with five HSBC Holdings bankers to hide his Indian bank accounts from U.S. tax authorities.