The dollar fell for a second straight day against major currencies, pressured by weak US economic data as the Fed started a two-day policy meeting.» Read More
The European Central Bank (ECB) is back in "whatever it takes" mode to stimulate the sputtering economy and Asian markets are set to benefit.
European Central Bank (ECB) chief Mario Draghi appears to be implementing his own three-pronged plan to rescue the euro zone economy.
The ECB meeting on Thursday is the prime event for markets seeking clarity on the bank's response to recovery, inflation and the sluggish pace of reform.
A downturn in China's once red-hot property market poses one of the greatest threats to the world's second biggest economy.
The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.
As China's recovery loses momentum, expectations are growing that Beijing will unleash fresh stimulus to ensure delivery on its growth target.
Come Thursday, markets will be digesting a new round of manufacturing data from China, when HSBC releases the flash estimate of the PMI for August.
Japan's economy is expected to have lost all ground owing to the April consumption tax hike, which looks to have thrown its recovery off its tracks.
European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.
Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?
Chris Tinker, founder of Libra Investment Services, discusses the 708 million euro ($950 million) hit related to Credit Agricole's stake in troubled Banco Espirito Santo.
Credit Agricole said it took a $950 million hit related to its stake in Espirito Santo that nearly wiped out the bank's second-quarter net profit.
Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.
China posted better-than-expected GDP figures, but economists say there's little evidence of progress in rebalancing its economic growth model.
Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.
BNP pleaded guilty to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which it admitted to breaking embargoes.
Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.
U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.
Milk prices may unravel the popular carry trade of using currencies such as the yen or U.S. dollar to buy higher-yielding New Zealand dollar assets.
Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.