Asian markets fell Monday following the revival of the investor concerns about the deepening debt burden faced by the euro zone and worsening global economic growth.
Most European markets fell Friday amid the revival of investor concerns about the global economy affected by the debt crisis in the euro zone.
India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday.
The Indian economy would see in this fiscal year its weakest growth rate in the past 10 years as the policy gridlocks and global economic uncertainties weigh heavily on the country.
Most European markets rose Thursday as better than expected corporate earnings in the U.S. revived hopes among investors that business conditions are recovering.
Asian markets fell Wednesday as investors were disappointed to note that the U.S. Federal Reserve Chairman Ben Bernanke did not offer any hint of monetary easing measures to rejuvenate the faltering economic growth.
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.
The Senate probe, which also lays heavy criticism on HSBC's prime U.S. regulator, the Office of the Comptroller of the Currency (OCC), goes so far as to suggest that lawmakers should consider revoking the bank's charter to operate in the U.S.
Asian stock markets advanced Tuesday as investor await Federal Reserve Chairman Ben Bernanke's semi-annual testimony before Congress for hints about further easing.
The top after-market NYSE gainers Monday were Calpine Corp, Sprint Nextel, Digital Domain Media Group, EXCO Resources and Teavana Holdings. The top after-market NYSE losers were StanCorp Financial Group, Tempur-pedic International, Swift Energy, HSBC Holdings and Regis Corp.
Taking inspiration from global regulatory investigations into the interest rate manipulation, the U.S. is now building strong evidence of criminal wrongdoings against big banks and individuals ensnared in the heart of the scam.
Gold futures popped Friday to nearly $1,600, tracking wider gains in other asset markets, but were underperforming silver and the broad equity market.
China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
Does the industry deserve the reputation earned by a few rotten apples?
According to an internal memo, HSBC revealed that it will acknowledge and apologize to a U.S. Senate hearing next week for failing to spot money laundering that could have been used to finance terrorism and organized crime.
India's industrial output growth rose in May to 2.4 percent, exceeding analysts' expectation of 1.8 percent and as compared to a dismal growth of 0.1 percent registered in April.
Most European markets fell Thursday as investor sentiment continued to be negative over increasing concerns of the faltering global economic situation and deepening debt burden of the euro zone.
Most Asian markets rose this week as investor confidence was boosted by expectations of stimulus measures from central banks globally to regain the economic growth momentum.
While American politicians such as U.S. Sen. Kirsten Gillibrand, D-N.Y., are pushing to expand federal tax breaks for small businesses, the U.K. government has already announced a move to help early-stage businesses find new means of financing: tax relief for private investors.
Hopes that emerging markets will lead the world out of the global economic slowdown are beginning to dim.Christine Lagarde, managing director of the International Monetary Fund (IMF), voiced her concerns over the strength of the global economy, emphasizing that emerging markets, which currently account for two-thirds of global growth, were showing signs of weakening.
Asian stock markets declined Thursday as market participants remained cautious ahead of the European Central Bank (ECB) and Bank of England's (BOE) policy decision meetings later in the day.
Asian markets fell Thursday with the revival of investor concerns about the euro zone?s debt crisis intensifying and the economic downturn deepening.
