Gold fell around 1 percent as stronger-than-expected economic data and upbeat corporate results boosted global equity markets.» Read More
Stocks recovered more than half their losses, but still closed in negative territory Tuesday as political uncertainty in Greece kept investors on edge.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday as investors continued to fret over the euro zone following elections in France and Greece over the weekend.
Even as HSBC beat expectations with its first quarter results on Tuesday, one strategist says its Hong Kong-listed subsidiary Hang Seng Bank is a better bet for investors given its more attractive return on equity and lower cost base.
In April, the HSBC UAE Purchasing Managers' Index rose to 53.5, the highest level since June 2011. The one-point increase is the strongest monthly gain since October of last year.
Sunday's flash PMI report on China shows the importance of maintaining discipline in your trading strategies.
Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate, or forged documents, the New York Times reports.
The yen has had a rough week, and this strategist says trading patterns suggest the weakness could continue.
Take a look at some of Wednesday morning's early movers:
Standard Chartered Bank's Asia CEO Jaspal Bindra has warned that the European Central Bank's long-term refinancing operations could lead to unintended consequences.
A quick look at the "laggards" for year-to-date returns among bank stocks shows some quality names that posted relatively strong earnings results in 2011, and performed much better than the The KBW Bank Index.
HSBC Holdings said on Monday it will likely face criminal or civil charges from an expanding investigation into its ties to allegedly illegal money transactions, including some tied to Iran.
Take a look at some of Monday morning's early movers:
HSBC is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
HSBC Economist Stephen King says the growing likelihood of further quantitative easing (QE) in the U.S., contrasting with real efforts to slash budget deficits in Europe, suggests the single currency will come out stronger in the medium term.
These strategists say the Australian and New Zealand dollars could be headed for a fall.
Emerging markets are well placed to weather the storm of the sovereign debt crisis currently engulfing the euro zone, and emerging economies are expected to grow by 5.3 percent this year and 6.1 percent in 2013, Pablo Goldberg, global head of Emerging Markets Research at HSBC, wrote in a report.
Australia beat out the United States and Singapore to take top place among expatriates as an ideal residence for quality of life and career prospects, according to an international survey released on Thursday.
Building on the theme that “all politics is local,” marketing experts John A. Quelch and Katherine E. Jocz explore how dozens of international companies are using a local-focused strategy and turning global brands into leading local brands.
Private antitrust litigation pitting some five million retailers against several large banks has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multibillion-dollar shock to bank bulls in the coming months, TheStreet.com reports.
Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.