Gold rose after Federal Reserve minutes showed policy makers believed it would be premature to raise interest rates in June.» Read More
StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.
Growth in China's factory output and retail sales hit an eight-month high in November as consumer inflation bounced off 33-month lows in the latest sign that its economy is snapping out of a protracted slump.
Some of the names on the move ahead of the open.
Shares in Chinese state-owned insurer PICC Group surged in its Hong Kong trading debut on Friday, a lone bright spot in an otherwise dismal year for initial public offerings in the city and most other big regional markets.
Stocks posted a modest gain in thin, volatile trading Thursday ahead of the jobs report, while worries over the looming "fiscal cliff" continued to linger.
Futures turned slightly lower Thursday, despite a better-than-expected jobless claims report, as worries over the "fiscal cliff" lingered.
HSBC Holdings might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses.
Jim Antos, Bank Analyst, Mizuho says Standard Chartered is not a recovery story, adding that HSBC's stock will continue to outperform.
Here are Wednesday's morning movers.
Asian shares were mixed on Thursday after U.S. President Barack Obama said a deal to avert the so-called fiscal cliff of year-end tax hikes and spending cuts was possible in "about a week" if Republicans compromise on taxes.
Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
A group linked to Thailand's richest man, Dhanin Chearavanont, has bought global bank HSBC's entire stake in China's Ping An Insurance for $9.38 billion.
China's economy picked up in November but a broader global recovery remains fragile and patchy, a clutch of surveys suggested, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world.
Despite the European Union budget struggles, this pro sees the euro hitting $1.35 by year end.
The dollar is riding high on worries about the fiscal cliff. Whether it will hang in there is open to debate.
Banking jobs in the City of London, the business and financial center of the U.K., will fall next year and drop even further in 2014, reaching their lowest level since 1993, according to a report by the Centre for Economics and Business Research.
*UK gave him political asylum. LONDON, Nov 6- Mukhtar Ablyazov, a fugitive oligarch accused of embezzling more than $5 billion, was labelled ``devious'' and ``cynical'' by judges on Tuesday as his former Kazakh bank BTA prepared to pounce on his assets.
Christos Bagios, formerly employed by Swiss financial giants UBS AG and Credit Suisse Group AG, changed his earlier plea from not guilty in the U.S. District Court for Southern Florida. A Greek citizen and Swiss resident, Bagios was sentenced by Judge Kenneth Marra to time already served, including 37 days in prison and nearly 19 months under house arrest in Miami.
LONDON, Nov 6- Gold steadied near a nine-week low on Tuesday as investors assessed potential policy impact from the neck-and-neck U.S. presidential election, while a strike in Greece to protest austerity cuts also kept sentiment cautious. Spot gold rose 0.36 percent to $1,690.30 by 1127 GMT, but stayed close to Monday's nine-week low of $1,672.24.
*Europe's big economies see no improvement going into Q4. *Ireland, Italy represent few bright spots. LONDON, Nov 6- The fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, surveys showed on Tuesday.