Dariusz Kowalczyk, Senior Economist & Strategist at Credit Agricole, says the HK-Shanghai trade link will fuel a rise in China's capital inflows, underpinning strength in the renminbi.» Read More
Some of the world's biggest banks have been hit with a 1.71 billion euros ($2.3 billion) fine for interest rate-rigging by traders.
European stock markets closed narrowly higher on Friday.
French banking group Societe Generale reported third quarter net profit of 534 million euros on Thursday, below expectations in a Reuters poll of 583 million euros.
A number of finance firms face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates.
South Korea's currency reserves hit a record high in October, a clear sign that Seoul is determined to prevent a sharp appreciation of the won.
After a partial government shutdown and a near-miss on a potential debt default, why doesn't the U.S. get treated like an emerging market?
The flow of funds out of U.S. equities and bonds and into Europe isn't just about the U.S. government's shutdown; improvements in Europe and structural issues in the U.S. are also at play.
The political stalemate in the U.S. may spur a fresh round of quantitative easing from central banks around the globe, Morgan Stanley said.
India's rupee was the best performing global currency last month, a surprising bounce back for a currency that hit record lows in August.
If the Federal Reserve's unprecedented quantitative easing program started a currency war, the euro may offer the next battleground.
The dollar recovered Thursday after Wednesday's losses following the Fed's decision to keep the stimulus intact, but its prospects remained bleak.
Three French banks have joined forces and launched an online mobile payment portal, hoping to challenge Paypal’s influence in the country.
As the U.S. economy is gaining traction, economists argue that the growth is why things look bad for the dollar and bond markets.
This week's Fed meeting is likely to top all others in Asia, as investors wait to see if a scaling back of the monetary stimulus is about to begin.
Stocks closed near session lows Tuesday, with major averages logging their biggest declines since June, after two Federal Reserve Presidents said the central bank could begin tapering its easy-money program as early as September.
U.S. stock index futures were slightly lower Tuesday with investors looking for fresh catalysts to further propel the recent market gains that pushed major averages to record highs.
Credit Agricole reported a more than twelve fold gain in quarterly profit on Tuesday from a year-ago period, depressed by Greece and Italy-related provisions.
Portugal's top bankers have called on Europe's leaders to stop "playing with fire" and moderate their stance towards the euro zone periphery, or risk instilling alarm among bank depositors in future, the FT reports.
European shares closed higher following some better-than-expected earnings reports, and upbeat manufacturing data from German.
Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?