HSBC's Top Anti-Fraud Official Resigning
The head of HSBC Holdings Plc's anti-money laundering programs used his opportunity to testify at a Senate hearing called to investigate risky practices at his employer, the Wall Street Journal reported Tuesday.
Gold Price Forecasts Are Getting Trimmed
Gold experts have further cut back price forecasts for the metal this year after a sluggish first half, a quarterly Reuters poll showed on Monday, while gains in the dollar and a dearth of physical demand are likely to clip any attempted return to last September's record high for the rest of the year.
How Gold Fits Into An Investment Portfolio
Here's a primer on the place of gold in an investment portfolio.
Hochschild Mining's Silver Output Falls In 2Q
Precious metals company Hochschild Mining Plc reported a drop in its attributable production of silver equivalent for the second quarter, and said there was an inventory pile-up at its San Jose mine in Argentina due to regulatory changes.
Fire At Newmont Mining Gold Mine In New Zealand
A fire at a New Zealand gold mine owned by Newmont Mining Corp on Tuesday forced the evacuation of almost 30 miners holed up in underground refuge chambers and halted all operations.
Gold Prices Climb Towards $1,600 As Euro Firms
Gold prices rose towards $1,600 an ounce on Tuesday in line with the firmer euro as investors awaited a statement from Federal Reserve chair Ben Bernanke later, after soft U.S. data fuelled talk he may hint at fresh measures to stimulate the economy.
Citi's 2Q Adjusted EPS Beats Estimates
Citigroup Inc.'s second-quarter profit fell 12 percent but its adjusted earnings-per-share beat estimates, the New York-based bank said Monday.
Europe Exported More In May, Imports Steady: Eurostat
Euro zone nations, collectively, posted an $8.42 billion trade surplus in May, well ahead of a $1.46 billion deficit in the year-earlier period, as exports rose and imports remained relatively steady, the European Union's statistical office said Monday.
Airbus Reports Orders Worth About $16.9B
Airbus has won about $16.9 billion worth of business for a total of 115 aircraft, the European aerospace giant said Thursday.
Peugeot Shutting Factory In Response To Crisis
PSA Peugeot-Citroën, France's ailing carmaker, said Thursday that plummeting demand for its vehicles has prompted it to close a factory that employs 3,000 people.
PFG Collapses In MF Global-like Debacle; Broker Rues Lack Of Caution, Oversight
Financial professionals reeled Wednesday after the now-collapsed futures merchant PFG (Peregrine Financial Group Inc.), whose troubles bear an unnerving similarity to MF Global's woes, left as much as $200 million unaccounted for and PFG clients kicking themselves for ignoring the warning signs.
NYSE Gets OK To Compete Directly With 'Dark Pools'
The owner of the New York Stock Exchange, whose share of trading in companies it lists has fallen in the last nine years to below 25 percent from 82 percent, received approval from U.S. regulators to offer similar services to rivals who are taking its customers.
Italy Cuts Another $5.58B From '12 Budget
Italy's technocratic government approved ?4.5 billion ($5.58 billion) in spending cuts for this year aimed at slashing the size of Italy's bloated public sector and delaying a new tax increase until after the first half of 2013.
US Private Employment Up By 176,000 From May To June
U.S. private employment rose by 176,000 from May to June, on a seasonally adjusted basis, according to an ADP report issued Thursday.
ECB Cuts Interest Rates To Record Low
The European Central Bank, in a widely anticipated move aimed at limiting the number of euro zone nations falling into recession, on Thursday cut its main interest rate to a historic low of 0.75 percent and cut its overnight deposit and lending rates by 0.25 percentage points each, to 0 percent and 1.5 percent, respectively.
US To File WTO Complaint Against China Over Car Duties
The United States will file an unfair trade complaint with the World Trade Organization against China for its duties on U.S.-made car imports.
Supreme Court Health Care Decision Good For Business: Analyst
The Supreme Court's approval of the Patient Protection and Affordable Care Act is unambiguously good for American business, a George Mason University analyst said Thursday, a view also expressed by Standard & Poor's Ratings Services.
Health Care Supreme Court Decision: Hospital Owners Praise Outcome
The American Hospital Association praised the Supreme Court's decision Thursday to affirm the constitutionality of the Patient Protection and Affordable Care Act.
Health Care Reform Supreme Court Decision: AMA Cheers Outcome
The largest association of U.S. physicians praised the Supreme Court's decision Thursday to uphold the Affordable Care Act as a key to expanding health care to some 30 million Americans.
Supreme Court's Top Five Rulings This Term That Affect Businesses
The U.S. Supreme Court's decisions this term on cases directly concerning businesses have been largely favorable to corporations.
News Corp. Board Meets To Consider Splitting Company
The board of News Corp. (NYSE: NWSA) planned to meet Wednesday to consider splitting the global media giant into two entities, rumors of which move have lifted the New York-based company's shares more than 6 percent this week.
Crude Oil Drops To Less Than $79; Gasoline Heads For $3.10
The price of crude oil fell Tuesday to less than $79 on the U.S. wholesale market, cutting the value of the commodity by about one-third since early March.
Fitch Ratings Downgrades Cyprus' Govt Debt To Junk
Fitch Ratings downgraded Cyprus' government debt status on Monday with a negative outlook, making the agency the last of the big three agencies to lower the island nation's sovereign credit rating.
US Jobless Claims Fall Slightly, Labor Market Still Weak
First-time claims for jobless benefits in the U.S. fell by 2,000 to a seasonally adjusted 387,000 in the week ended June 16, Labor Department said Thursday, but the overall level still shows a weak labor market.
Procter & Gamble Cuts Earnings Forecast
Procter & Gamble Company (NYSE: PG) on Wednesday cut its second-quarter earnings forecast due to slowing demand in developed economies and the effect of a strong dollar.
Gupta Guilty Of Insider Trading, Faces Up To 20 Years Behind Bars
Rajat Gupta, former Goldman Sachs Group director and head of consulting firm McKinsey & Co., was convicted Friday of insider trading by a New York federal jury in one of corporate America's most high-profile scandals.
US Trade Deficit Improves In April: Commerce Dept.
Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.
ECB Leaves Interest Rate Steady
The European Central Bank on Wednesday left its benchmark interest rate steady for the sixth consecutive month, keeping pressure on European politicians to more forcefully address the continent's deteriorating finances.
GM's China Sales In May Climb To Record
General Motors Corp. (NYSE: GM) and its joint ventures in China sold a record number of vehicles last month as demand jumped more than 20 percent from the year-earlier level.
Sneaking Your Money Across Borders: Capital Flight On The Rise
An increasing number of people are trying more ways to sneak money out of countries that are buckling under the weight of the world's almost daily financial crises.
