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HSBC says time not ripe for overweight on Dalal Street

HSBC says time not ripe for overweight on Dalal Street

Last Updated: Tuesday, August 19, 2014, 23:22

British brokerage HSBC Tuesday retained its 'neutral weighting' on the domestic market saying the time is not yet right for it to change its outlook.

Not the right time to go ''overweight'' on Indian stock market: HSBC

Not the right time to go ''overweight'' on Indian stock market: HSBC

Last Updated: Tuesday, August 19, 2014, 11:31

HSBC sticks to its "neutral" weighting on India.

Switzerland proposes severe punishment for bank secrecy breach

Last Updated: Wednesday, August 13, 2014, 19:34

In a fresh setback to India's efforts to get details of the so-called HSBC list from Switzerland, the Swiss government on Wednesday pitched for better protection of bank client data and severe penalties for those violating the banking secrecy.

India's manufacturing, services growth outpaced China in July

Last Updated: Wednesday, August 06, 2014, 14:46

Manufacturing and services sectors in India expanded at a faster pace than China in July, even as emerging market output registered a slower pace of growth, HSBC said on Wednesday.

Services sector registers slower pace of growth in July

Last Updated: Tuesday, August 05, 2014, 11:41

India's services sector registered the third consecutive month of expansion in July, but the pace of growth was significantly down from the previous month due to moderation in order flows, an HSBC survey said.

China's July services activity falls to lowest in nearly 9 years

Last Updated: Tuesday, August 05, 2014, 08:45

The weaker readings in services raise the question of whether Beijing needs to do more to support growth, particularly in the rapidly cooling property sector.

HSBC bank says profits fall in first half

Last Updated: Monday, August 04, 2014, 15:23

Net profit dropped to $9.746 billion (7.259 billion euros) in the six months to June 30 compared with earnings after tax totalling $10.284 billion in the first half of 2013.

HSBC closes Muslim accounts in UK

Last Updated: Wednesday, July 30, 2014, 13:08

It said decisions to close accounts were "absolutely not based on race or religion".

China manufacturing index jumps to 18-month high: HSBC

Last Updated: Thursday, July 24, 2014, 11:34

The HSBC preliminary purchasing managers index (PMI), which tracks activity in China`s factories and workshops, leapt to 52.0 this month, its highest since January 2013.

UK recoups 135 million Pound in tax from Swiss bank list

Last Updated: Thursday, July 17, 2014, 05:28

Britain has recovered USD 231 million from clients named on a leaked list of HSBC`s private banking operation in Switzerland, the tax authority has said.

India sees steepest output expansion in BRICS since Feb 2013

Last Updated: Monday, July 14, 2014, 13:27

The pick-up in output growth was reflected in both manufacturing and services, most notably the latter where activity growth hit a 15-month high.

Want euros in London? Don’t ask your bank

Last Updated: Monday, July 07, 2014, 16:17

The exchange rates on the board are not even the best ones Sakthi and his colleagues give bigger or regular clients.