U.S. regulators and exchanges are getting closer to a framework for a "kill switch" that could be used to shut down trading before software glitches wreak havoc on markets.
The U.S. Securities and Exchange Commission (SEC) is half way across the world from brokerages in Beijing, but small time investor Zhao Qiang is monitoring the American market regulator's moves.
The massacre of 26 children and adults at a Connecticut elementary school elicited horror and soul-searching around the world even as it raised more basic questions about why the gunman, a 20-year-old described as brilliant but remote, was driven to such a crime and how he chose his victims.
The United States on Thursday dropped a website owned by China's largest e-commerce company, Alibaba Group, from its annual list of the world's most "notorious markets" for sales of pirated and counterfeit goods.
Computer software pioneer John McAfee, who is wanted for questioning in Belize over the murder of a fellow American, arrived in Miami on Wednesday evening after he was deported by Guatemala.
HSBC takes its name from its roots as the Hongkong and Shanghai Banking Corporation, but there has long been a joke inside and outside the firm that the name stands for "How Simple Became Complicated".
The city's market watchdog proposes that banks preparing companies for listing on Hong Kong's stock exchange will be made explicitly liable for IPO prospectuses, although they will also have more powers to ensure that their clients play by the rules.
Japan's Mitsubishi UFJ Financial Group said it will pay $8.6 million as a settlement for transactions that could be seen as violations of U.S. sanctions.
Mexican authorities told the CEO of HSBC's Mexico unit that a local drug lord referred to the bank as the "place to launder money," U.S. prosecutors said, as they announced a record $1.92 billion settlement with the British bank.
Michigan Republicans in a single day reached the brink of a goal that for years has seemed an all-but-impossible dream: making the labor bastion of Michigan a right-to-work state.
U.S. securities regulators charged a Wells Fargo investment banker and nine others with fraud on suspicions of an insider-trading ring that earned more than $11 million by trading on tips about impending mergers.