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Monday, November 2, 2015

UK factory growth hits 16-month high, but China shrinks again

All the latest economic and financial news, including new manufacturing surveys from across the globe 10.55am GMT THE SLUMP IN GREECE’S FACTORY SECTOR HAS ALMOST BOTTOMED OUT, ACCORDING TO TODAY’S DATA FROM MARKIT. The Greek manufacturing PMI jumped to 47.3 last month, a five-month high, having slumped to almost 30 this summer. Greece's manufacturing PMI has now totally erased the big plunge from this summer's events. pic.twitter.com/AOabKPSj5G 10.45am GMT HSBC HAS SUFFERED A NASTY ATTACK OF GREMLINS. The banking giant is due to be holding a conference call with investors and analysts now, to discuss its latest results. Suspect HSBC will be looking for a new conference call provider as everyone, including HSBC, is locked out of their Q3 media results call HSBC has warned that the outcome of its review of whether to remain based in London could be delayed beyond the end of this year, as it reported a rise in profits because of a fall in fines and legal costs. Britain’s biggest bank caused a political storm in April when it announced it was considering whether to keep its headquarters in London, where it moved to in 1992 from Hong Kong to facilitate the takeover of Midland bank. Stuart Gulliver, the bank’s chief executive, later said the decision would be known by the end of 2015. HSBC decision on whether to stay in London could be delayed https://t.co/6ie3LKawES Continue reading...


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