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Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China's Manufacturing Activity Slumps To 9-Month Low In August: HSBC PMI?

China's manufacturing activity fell in August compared to that in July, according to the preliminary HSBC Flash Purchasing Managers Index released Thursday.

Portrayals Of Wall Street As Greedy, Selfish And Rotten - 100 Years Ago (Photos)

1907 Puck magazine cover image uses a Humpty Dumpty reference to illustrate the state of financial capitalism. A wall of "Rotten Finance" formed by figures like John D. Rockefeller, J. Pierpont Morgan and Edward H. Harriman has failed to prop up

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.

FOMC Minutes, Housing Data, Euro Zone PMI: Economic Events For Aug. 20-24

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.

Gold's Value Up For Europeans As Exchange Deems Bullion Collateral

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.

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The Last 'Occupy' Encampment? Hong Kong's Anti-Capitalist Demonstrators Due For Eviction

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 Gain As China CPI Growth Slows

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.

Standard Chartered Scandal: The British Need To Stop Whining And Start Investigating

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.

Standard Chartered Sparks Scrutiny of India Offshoring

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.

Several brokers downgrade their recommendations of Standard Chartered Tuesday. But one broker's suggestion stood out from the rest

Nomura Urges Dumping Accused Money Launderer Standard Chartered For Admitted Money Launderer HSBC

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

China July Data Preview: Modest Recovery Calls For Further Easing

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 Stocks Rally On US Jobs Data And ECB Hopes

Asian stock markets rallied Monday as better-than-expected jobs data from the U.S. and optimism at European action to boost the faltering regional economy buoyed sentiment.

A man looks at an electronic board at a brokerage house in Shanghai

Weekly Roundup: Asian Markets Cut Down Gains As Fed, ECB Disappoint

Most of the Asian markets advanced but pared the weekly gains as the U.S. Federal Reserve and the European Central Bank did not announce any stimulus measures to revive the weakening economic growth.

Asian Stocks Decline After ECB Disappoints

Asian stock markets declined Friday as sentiment was dampened after the European Central Bank (ECB) failed to offer any new stimulus measures to resolve the sovereign crisis in the euro zone.

India's Service Sector PMI Growth Dips Slightly In July

India's service sector continued its growth for the ninth consecutive month in July, based on a slow but steady growth in new orders, according to the latest HSBC PMI data released Friday.

China Services Activity Recovered In July: HSBC PMI

China's services activity growth recovered in July to the fastest pace in nine months after the slowdown in June, according to the HSBC Purchasing Managers' Index (PMI) released Friday.

Global Manufacturing Slumps On Lingering Euro Zone Debt Crisis

Euro zone Purchasing Managers Index (PMI) numbers continued their 11-month straight contraction, with manufacturing in Italy, Spain and Greece continuing their alarming downward trends.

Asian Stocks Mixed Before Fed, ECB Meetings; China Manufacturing Softens

Asian stock markets were mixed Wednesday as investors remained cautious ahead of the outcome of the two major central bank meetings.

A Chinese one yuan coin and a 100 yuan banknote are seen in this picture illustration taken in Beijing

China Manufacturing Growth Slows Down In July, Says Official PMI

China's manufacturing activity grew at a slower pace in July compared to that in the previous month, increasing concerns over a slowdown in the economic growth of the country.

Asian Stock Markets Gain On Stimulus Bets

Asian stock markets advanced Tuesday, helped by expectations that the major central banks will announce further stimulus measures when they hold policy meetings later this week.

HSBC Estimates $700 million Dirty Money Laundering Fine... But Is It Enough?

The British banking giant announced it was earmarking $700 million for laundering roughly $30 billion in drug and terrorism money around the world.

Asian Stocks Rise On ECB, Fed Stimulus Hopes

Asian stock markets advanced Monday on renewed hopes that policy makers in U.S. and Europe will announce further stimulus measures to spur economic growth when they hold policy meetings later this week.

An investor yaws as he walks past an electrical board showing stock information at a brokerage house in Nanjing

Weekly Roundup: Asian Markets Fall On Euro Zone Fears

Most of the Asian markets fell in the week following the revival of the investor concerns about the deepening debt burden faced by the euro zone and worsening global economic growth.

Mario Draghi's Comments Lift Asian Stock Markets; Samsung Rallys On Record Profit

Asian stock markets rallied Friday as comments from European Central Bank (ECB) president raised hopes for further central bank action in Europe to alleviate the sovereign debt crisis.

US Shale Gas Boom Won’t Boost GDP Growth, Job Gains

The U.S. shale gas boom will not lead to a near-term surge in U.S. gross domestic product growth or to a substantial decline in the unemployment rate, according to HSBC Chief U.S. Economist Kevin Logan.

The more data market-watchers have seen on the economy, the less they like what they've seen. Specifically, predictions on what the government might report as the rate of GDP growth in the second-quarter of 2012 have plummeted in the past few weeks, as ec

In Advance Of Q2 US GDP Release, Forecasting Economists Race To The Bottom

The more data market-watchers have seen on the U.S. economy, the less they like what they've seen. Specifically, predictions on what the government might report as the rate of GDP growth in the second-quarter of 2012 have plummeted in the past few weeks, as economists adjust their models to one disappointing data release after another.

EU To Criminalize Rate-Fixing...And About Time Too

The EU is looking into the possibility of making Libor and Euribor rate-rigging -- the deliberate manipulation of interest rates that set the benchmark for over $500 trillion in financial contracts - a criminal offense.