LONDON (AP) — HSBC Holdings, Europe's largest bank by market value, will cut up to 25,000 jobs around the world to reduce costs and shift its center of gravity back toward the fast-growing Asian economies where it started operations 150 years ago. The bank, which is currently based in London, said Tuesday it is "undertaking a significant reshaping of its business portfolio" and "redeploying resources to capture expected future ...
The manufacturing sector in China remained in contraction in May, the latest report from HSBC Bank showed on Monday, with a manufacturing PMI score of 49.2. More...
Currencies across Asia are set for a beating, buffeted by a combination of the G3 central banks, a stronger U.S. dollar and newly volatile Chinese yuan, HSBC said. "It will be slim pickings in terms of which Asian currencies to like next year. Even the yuan will be predisposed to bouts of higher volatility, which could further upset the region's currencies," HSBC said in a note Thursday. "While we had expected most Asian ...
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Originally Posted by BrokersMinutes GBP/USD has recently made a strong convincing forex trading online break past its yearly highs at the 1.7000 major psychological level, indicating a continuation of the long-term rally. However, price has retreated back to the 1.7000 area after reaching highs past the 1.7060 levels. Stochastic is also exhibiting a bearish divergence, which indicates forex trading online trend exhaustion. The technical ...
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