Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is confident that Beijing will step up easing efforts to drive an economic rebound and China's economic growth will probably recover this year.
Profits at China's major industrial enterprises fell in July for the fourth successive month and by the most this year, adding to fears about a sharp slowdown in the world's second-largest economy and sending benchmark Shanghai Composite Index to its lowest level in three years.
Asian stock markets ended lower Monday as concerns over the Chinese economic slowdown offset the expectations for more stimulus measures from the policy makers around world.
Most of the Asian markets fell Monday as investors' concerns about the faltering global economy undermined the expectations for stimulus measures from China and the U.S. Federal Reserve.
Most of the Asian markets fell in the week as investor confidence was dragged down by the lack of stimulus measures from policymakers to support the global economy and regain growth momentum.
Most of the Asian markets rose Thursday amid hopes that the U.S. and China would soon announce stimulus measures to tackle the weakening global economy.
The U.S. stock index futures point to a higher open Thursday as investor sentiment was lifted by expectations that policy makers around the world would announce monetary easing measures to regain the economic growth momentum.
Asian stock markets were mostly higher Thursday after details from the Federal Reserve's most recent policy meeting suggested that the central bank might act again to bolster the U.S. economy.
China's manufacturing activity fell in August compared to that in July, according to the preliminary HSBC Flash Purchasing Managers Index released Thursday.
It may be surprising to many who believe that Wall Street and global finance are inherently malevolent that a century ago, the public had a very similar perception of financial services, a notion that was channeled by editorial cartoonists in hard-hitting illustrations in magazines like Puck and newspapers like the New York Herald. These cartoons would be as fitting today as they were in 1912.
The minutes of the July 31-Aug. 1 meeting of the Federal Open Market Committee, to be released on Wednesday, will dominate markets in a week light on data.
European investors looking to bet on risky derivatives will be able to use gold to back their trades, one of the Continent's major exchanges said Friday, a development that could both make the yellow precious metal a more valuable asset and foster the growth of derivative trading volume.
For more than a decade, there was a paradigm in financial markets that the yuan can only appreciate. Well, not any more.
Deutsche Bank, Barclays, JPMorgan Chase, RBS, HSBC, UBS and Citigroup have all received subpoenas, related to the joint New York-Connecticut investigation of possible manipulation of the London Interbank Offered Rate (Libor)
Standard Chartered Plc will pay $340 million to New York's bank regulator over transactions linked to Iran, in a speedily arranged deal likely to cheer its shareholders.
Most of the Asian markets fell Wednesday as investor confidence was weighed down by the lack of stimulus measures from policymakers to support the global economy and regain the growth momentum.
The Hong Kong occupation protest movement known as Occupy Central is likely to be evicted from its headquarters following a Monday court decision.
Asian stock markets advanced for the fourth straight session Thursday after data showed that Chinese inflation continued to cool down in July, providing more room for further policy easing to boost growth.
Pity the City. America is on a witch hunt against London's financial center, ruthlessly exploiting a few rotten banking apples to pursue their own political scheme, or so British MPs would have you believe.
Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S. regulators.
Citing reputation and legal risk, several brokers downgrade their recommendations of British bank Standard Chartered Tuesday. But one broker's suggestion stood out from the rest
A spate of data releases over the coming days is expected to show signs of China's economy stabilizing in July after a slowdown that reduced its growth to its slowest rate in more than three years during the second quarter.
