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.
Asian shares rose to a three-month high Wednesday, supported by expectations that policymakers will soon decisively address the euro zone fiscal crisis and declining global growth.
The New York State Dept. of Financial Services has ordered Standard Chartered to explain its alleged illegal money laundering and called the UK-based a "rogue institution".
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.
Asian stock markets advanced Tuesday on renewed hopes that the European Central Bank (ECB) will shortly take policy action to lower the peripheral bond yields of struggling nations such as Italy and Spain.
For the DIY-inclined, here's how you can turn everyday London attractions into your own schedule of Olympic events.
At a time when the U.K. is in a recession, what will the Olympics mean for the country's sagging economy? Will the event worsen the ongoing recession or help initiate economic recovery?
In a press conference Thursday, European Central Bank President Mario Draghi warned "it's pointless to go short on the euro." The suggestion was lampooned. It turns out, Draghi isn't the only one with that recommendation
ECB President Mario Draghi was in policy hell Thursday after disappointing market-watchers at what was the most anticipated and important press conference of his career as a monetary policy leader.
Asian stock markets declined Thursday as investors awaited the European Central Bank (ECB) meeting later in the day after Federal Reserve did not offer any new monetary measures overnight.
Asian shares eased Thursday as investors turned increasingly cautious with hopes of stimulus action by central banks fading ahead of a European Central Bank's meeting later in the day and after the U.S. Federal Reserve took no action a day earlier.
The Federal Reserve on Wednesday offered a gloomier view of the economy as the labor market showed no sign of improvement since its last meeting. However, despite mounting signs of a sharp slowdown in the U.S. economy, central bank officials decided to take more time to make up their mind and refrained from enacting another monetary stimulus.
The ADP employment report out Wednesday morning seemed to have a bit for everyone, with both optimists and pessimists claiming the data release supported their views. A slightly more nuanced view of the data seems to hand the case to the bears
General Motors Company (NYSE: GM) is expected to report profits down 51.7 percent for the second quarter of 2012 as the company continues to slog through an uphill battle to restructure its loss-making European Opel-Vauxhall unit and to sell through high levels of North American inventory.
Match report from the Red Bull Arena of Tottenham's victory over the New York Red Bulls.
Asian shares paused Tuesday as investors grew cautious ahead of monetary policy meetings by the European Central Bank and the U.S. Federal Reserve, with scepticism countering expectations for more stimulus steps to support fragile global economies.
The wheat production downgrade, made after corn and soybean prices reached fresh, all-time highs, is a blow for global wheat suppliers, especially those in Canada and the Black Sea, which includes Russia, Kazakhstan and Ukraine, Barclays PLC said on Monday.
Expedia Inc, Barclays Plc, Synacor, Amgen, Nokia Corp, Starbucks Corp, Facebook, Logitech International, Newmont Mining and Zynga Inc are among the companies whose shares are moving in the premarket trading Friday.
Most European markets rose Friday amid hopes of stimulus measures to boost the economy after the European Central Bank promised to take steps to protect the euro.
The presumptive Republican nominee was grilled by the press because of comments he made to NBC's Brian Williams that questioned whether London was ready for the Olympic Games. Romney also committed a faux pas by mentioning his meeting with the MI6 chief agency and broke the longstanding rule of U.S. politicians not criticizing the president while overseas.
The Brooklyn Nets are set to release their game schedule Thursday night during a live broadcast on NBA TV.
Most European markets fell Thursday as investor sentiment was dragged down by disappointing earnings reported by companies.
