Bloomberg The People’s Bank of China should have explained the change in its reporting of foreign-exchange holdings to avoid market speculation on its motives, according to Mizuho Securities Asia Ltd. “The PBOC changed the category of the position of forex purchases in its monthly report in January,” a move that “immediately raised market concerns about possible concealment or manipulation of ...

London / AFP Global banking giant HSBC announced on Monday its results for 2015 which fell below analysts’ expectations after what it called “seismic shifts” in the world economy. The bank said net profit dropped 1.2 percent to $13.52 billion from the previous year. Group chairman Douglas Flint described the performance as “broadly satisfactory” in a statement, although the bank’s ...

BLOOMBERG Bank of Ireland plans to return to paying dividends next year for the first time since the financial crisis after profit at the nation’s largest lender by assets rose 30 percent in 2015. Underlying pretax profit, excluding items such as restructuring costs, rose to 1.2 billion euros ($1.33 billion) from 921 million euros a year earlier, the bank said ...