HSBC Plans For Up to 200 U.S. Job Cuts, Jobs May Go to Ireland
The job cuts, if they go through, would be part of thousands of other cuts which financial institutions plan to make in the near future.
World Factory Output Curbed by Troubled Europe
Crumbling global demand restrained factory output in Asia and most of Europe in January, business surveys showed on Wednesday, putting pressure on policymakers to shore up growth and counter a spreading malaise.
Rupee Hits 3-month High on Dollar Inflows; Shares Aid
The rupee hit a near three-month high on Wednesday, clawing back all early losses, supported by robust dollar inflows, local share gains and a recovery in the euro.
Korea Exchange Bank to Change Hands, from Lone Star's to Hana Financial's
South Korean regulators on Friday endorsed Hana Financial Group Inc.'s 3.9 trillion won ($3.48 billion) acquisition of Korea Exchange Bank, paving the way for U.S. private-equity firm Lone Star's sale of the local lender and closing the final chapter of a drawn out and acrimonious saga.
More news
China Manufacturing Contracts for 3rd Month, Monetary Easing Expected
China's manufacturing activity slowed for a third consecutive month in January, according to a survey of purchasing managers on Friday, which could compel Beijing to take steps to stimulate growth in the world's second-largest economy.
Euro Banks Hoard Cash, Expecting Downturn
European banks are preparing for a potential worsening of the region's sovereign and banking crisis, with many firms stockpiling cash and cutting back on loans to new clients as they seek to protect themselves against a possible seizing-up of financial markets.
European Banks Prepare for Worst, Hoard Cash
European banks are preparing for a potential worsening of the region's sovereign and banking crisis, with many firms stockpiling cash and cutting back on loans to new clients as they seek to protect themselves against a possible seizing-up of financial markets.
Chinese Exchanges End Year with Gain
Hong Kong and Shanghai shares rose on Friday, achieving a second straight week of gains and managing to break above stubborn chart resistances on hopes of policy easing inChina and on stronger overseas markets.
China factories see sluggish start in 2012: HSBC PMI
China's factory activity likely fell for a third successive month in January, suggesting Beijing's pro-growth policies will remain in place despite early signs that the downward drift is slowing, a survey of purchasing managers showed on Friday.
Momentum to Drain from World Economy in 2012, Economists Predict
The world economy will lose momentum in 2012 but it will keep moving in the right direction, according to Reuters polls of around 600 economists who said crisis-hit Europe would drag on global growth.
Gold Prices Firm above 200-Day Moving Average
Gold firmed in Europe on Monday, rising back above $1,640 an ounce, as a recovery in stock markets and the euro took some downward pressure off prices, with traders digesting last week's mass downgrade of euro zone countries from Standard & Poor's.
Global Leaders Urge Swift Action to Resolve European Debt Crisis
Global leaders and businessmen urged Europe on Monday to take fresh steps to resolve its deepening debt crisis, with a top executive of the IMF warning the continent will see a downward spiral of collapsing confidence if no further action is taken.
China may be Harbinger of Global Slowdown
Walk softly. Global growth looks to be smoothly downshifting as China slows, the U.S. economy firms, and troubled Europe, at least for now, avoids a messy crash.
Gold Prices up for 3rd Day, Hit 1-Month High
Gold rose to a one-month high on Thursday, as comments by the president of the European Central Bank on cheap money stabilizing the region's banking system extended the metal's gain to a third consecutive day.
Bank of America's Asia Firings Latest Move in Asian Bank Retreat
Bank of America Merril Lynch's (NYSE:BAC) move to fire one-fifth of the managing directors in its Asia operations, while significant, is only the latest sign foreign banks are jumping ship on investment banking opportunities within that market.
DoJ contacting additional banks on mortgage deal
As the government nears a deal with top banks to resolve mortgage abuses, the Justice Department has begun reaching out to other banks to gauge their interest in joining the wide-ranging settlement, according to a person familiar with the matter.
Justice Dept. Inviting More Banks to Join Mortgage Settlement
As the U.S. government nears a deal with top banks to resolve mortgage abuses, the Justice Department has begun reaching out to other banks to gauge their interest in joining the wide-ranging settlement, according to a person familiar with the matter.
Gold Price Rises in Big 2-Day Rally
Gold was set for its strongest two-day rally in 2-1/2 months on Wednesday after an agreement in principle among European leaders to ban Iranian oil imports boosted the crude price and catapulted bullion to two-week highs.
Asia's Markets Close Mixed Wednesday; Nikkei Rises
Japan's leading share average rose to a three-week closing high on Wednesday after better-than-expected economic data from the United States and China, although strategists said the rally could stall if the euro holds below 100 yen.
Dawn of a Year of Trading Dangerously
Out with the old year, in with the new and for investors uncertainty is likely to be the only certainty once more.
U.S. Tries New Tactic for Suspected Swiss Bank Tax Cheats
U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.
World Economy May Grow in 2012 Despite the Eurozone Crisis: Poll
Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction.
Europe's Markets Mixed Tuesday at Mid-Day
European stocks edged up in thin pre-holiday trade on Tuesday at mid-day, boosted by a successful Spanish debt auction and a sharp rise in German business sentiment, though strategists said the continuing euro zone debt crisis would limit any gains.
Clock Ticking on U.S. Offer of a Deal to 11 Swiss Banks in Tax Row: Report
U.S. officials are offering 11 Swiss banks -- Credit Suisse among them -- a deal that would allow them to avoid criminal prosecution in exchange for revealing full details of their U.S. offshore business to Washington, a paper reported on Sunday.
U.S. Resilient, Europe Debt Woes Touch Asia
An improvement in the U.S. employment picture last week and a rise in regional factory activity suggested an emerging divide between resiliency in the U.S. economy and faltering growth in Europe and Asia.
Gold Heads for First Quarterly Fall Since Sept '08: Analysis
A dash for cash has overwhelmed gold's traditional status as a haven from risk, putting the metal on course for its first quarterly fall since end-September 2008, when the global credit crunch was at its worst.
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