A man yawn as he waits to cross a road in Beijing on May 24, 2013. Manufacturing activity in China contracted in May for the first time in seven months, HSBC said May 23, in another sign of the weakness of recovery in the world's second-largest economy.
HSBC is committed to sustainable business. Forests, and forest products, are an important global resource and key to economic development for many nations
We want Stuart Gulliver [HSBC CEO] to make an unambiguous commitment that HSBC will never bankroll companies logging or clearing natural tropical forests, and then to put credible measures in place to show its customers and shareholders that it is serious about delivering on that commitment.
I’ve been bombarded by messages from HSBC customers saying they will stop banking with them if it doesn’t drop these clients and clean up its act for goodMore quotes »
China's manufacturing contracts in May
survey showed, entrenching fears that its economic recovery has stalled and that a sharper cool-down may be imminent.The flash HSBC Purchasing Managers' Index for May fell to 49.6, slipping under the 50-point level that indicates expansion for the first time Read more »
Survey shows China manufacturing at 4-month low
activity this month has declined to a four-month low in a reminder of possible threats to its shaky economic recovery.HSBC Corp. said Monday the preliminary version of its purchasing managers index for February fell to 50.4 on a 100-point scale on which numbers Read more »
Around the web
HSBC signs agreement with Emirates Group
DUBAI: HSBC Bank Middle East Limited has entered into an agreement to provide over seven thousand employees of The Emirates Group access to an innovative e-Letter service. The online solution will enable easier processing of personal banking requirements 16 m ago from GulfToday.ae Read more »
Bank Has Second Thoughts About Lending Money to Logging Companies
of financing companies whose working agenda has little (if anything, for that matter) in common with environmental policies, HSBC announces that it is to carry out a review of the relationships it currently has with several logging companies. The bank promises 3:21 PM from Softpedia Read more »
Oddie Confronts HSBC Over Forest Desecration
funded by HSBC to expand and they are expanding across the world. "There's a huge desecration which at the root is funded by HSBC." Despite his passionate rhetoric, Oddie was heckled by some as he spoke. HSBC says it requires those banking with it to operate 6:02 AM from Spire FM Read more »
HSBC shareholders revolt over fat-cat pay packages
the letter of the law’, but added: ‘Over several years we will significantly reduce activity through tax havens.’ Shares in HSBC slipped 15.8p to 726p on fears that the bank may still face criminal prosecution over US money laundering on reports that a New 4:45 AM from Daily Mail - UK Read more »
HSBC pays reader £50,000 after 'getting everything wrong'
paid £16,070 in respect of that. This figure will effectively return the capital and includes interest amounting to £2,431. HSBC said it was sorry for the unacceptable level of service you received from the bank. “We have thoroughly investigated the failures 2:39 AM from The Telegraph UK Read more »