The Department of Justice has opened a criminal investigation into whether some HSBC Holdings Plc clients may have failed to disclose offshore accounts, lawyers familiar with the probe said on Tuesday.
Stock index futures edged down on Wednesday and followed international equity markets lower as fears persisted of a slowdown in the global economy.
China on Wednesday ruled out the nuclear option of dumping its vast holdings of U.S. Treasury securities but called on Washington to be a responsible guardian of the dollar.
Stock index futures fell on Wednesday, following global equity markets lower, as fears of a slowdown in the world economy persisted.
Taseko Mines Limited, based in Vancouver, challenged naysayers this week who are using a federal panel's review of the company's proposed gold-copper project in south-central British Columbia as reason not to support the plans.
Crude oil dipped on Wednesday, set to stretch its losing streak for the past six trading sessions, as global investors remained concerned that the world's economic growth was faltering.
European Union bank regulators were expected to reveal on Wednesday how tough their health checks of the region's banks will be, in the hope of restoring confidence to markets worried about ballooning public debt.
When Reserve Bank of India bought 200 tonnes of International Monetary Fund (IMF) gold in November last year, the bullion market received one of the biggest boosts ever and the gold prices soared in the subsequent weeks to new record heights. Reason for this was that all central banks across the globe have been increasing their gold holdings fearing the recession looming large over the world.
U.S. bank card delinquencies dipped in the first quarter of this year to the lowest level in eight years, reflecting measured improvement in the overall economy.
Economic reforms intended to pull Greece out of recession and help it resolve a sovereign debt crisis are broadly on track, despite some slippage, the European Commission said.
ICBC , the world's most valuable lender, may raise up to $6.6 billion in new funding, sources said, joining Agricultural Bank of China , which priced its IPO to be the world's largest, in a rush to raise billions of dollars.
Unnamed Saudi investors seek to buy a stake worth 10 to 15 percent in British oil company BP dealing with a massive U.S. oil spill, a Saudi newspaper said in an unsourced report on Wednesday.
Stock index futures pointed to a lower open on Wall Street on Wednesday after the previous session's tepid gains, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent at 4 a.m. EDT.
Investment flows to the world's four biggest emerging economies -- Brazil, Russia, India and China -- slowed slightly in the first half of 2010, but growth rates and the pace of dealmaking remain strong, data shows.
New evidence that the U.S. economic recovery is slowing pushed investors to sell shares on Wednesday following a burst of bargain hunting the previous day.
The euro slipped on Wednesday but was holding not far from a seven-week high, with traders saying it could rise further in the near term due to doubts about a recovery in the U.S. economy and positive technical signals.
Strong physical buying helped pluck gold from a 6-week low on Wednesday after China said bullion would not become a major investment home for its foreign exchange reserves.
The State Administration of Foreign Exchange said U.S. Treasury securities would remain an important market for the managers of China's official currency reserves, but gold would not become a major component of the central bank's portfolio.
Asian stocks fell on Wednesday as investors worried global growth was faltering, while the euro held near a 7-week high as investors pared long positions in the dollar on doubts about the resiliency of the U.S. recovery.
The euro dipped on Wednesday but was still hovering near a recent seven-week high, with traders saying it could rise further in the near term due to doubts about a recovery in the U.S. economy and positive technical signals.
The U.S. Treasury Department is expected to again decline to name China a currency manipulator in a long-delayed report that will likely anger congressional critics of Beijing's policies.
The report was due April 15 but was delayed until after last month's G20 leaders' summit in Canada. China said just before the G20 met that it will make the yuan's exchange rate more flexible gradually and end a two-year peg to the dollar.
Gold prices rebounded in Asian trade Wednesday after bargain buying strengthened its appeal amid euro recovery as it rose to near seven-week highs.
Gold for immediate delivery was seen trading at $1193.01 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1,193.8 an ounce.
Asian stocks slipped on Wednesday as investors worried global growth was faltering, while the euro hovered near a 7-week high as investors shunned long positions in the dollar.
Asian stocks fell on Wednesday as investors worried global growth was faltering, while the euro held near a 7-week high as investors pared long positions in the dollar on doubts about the resiliency of the U.S. recovery.
China should not yet stand down from its active fiscal and loose monetary policies, but it needs to gradually prepare expectations for an orderly exit, a senior central bank official said.
Google's application to renew its webpage license in China is currently under review with no set deadline, a government official said on Wednesday.
ICBC, the world's most valuable lender, may raise up to 45 billion yuan ($6.6 billion) through rights offers, becoming the latest Chinese bank to go to markets to replenish its capital, a newspaper reported on Wednesday.
The Australian Dollar has opened higher this morning above 0.8500 and this is pretty much on the back of yesterday's no change in Australia's Official Cash rate and the release of the Australian Trade Balance data for May.
As expected, the Reserve Bank of Australia (RBA) left interest rates on hold at 4.5 per cent. In the accompanying statement, RBA governor Mr Glenn Stevens noted that whilst underlying inflation is likely to be in the upper half of the target zone over the next year, current policy settings were described as appropriate.
Alan Krueger can wax poetic about data -- literally.
Storied buyout firm Kohlberg Kravis Roberts & Co will end its long wait for a New York Stock Exchange listing on July 15, joining rival Blackstone Group LP , which made its debut three years ago.
