Gold edged back above $1,200 an ounce but stayed on track for a second straight weekly drop as a run of downbeat U.S. data fueled uncertainty.» Read More
HSBC Holdings, Europe's largest lender, may make acquisitions in the United States and has no plans to pull out of that market despite the subprime mortgage woes, the South China Morning Post reports.
Shares in HSBC jumped on Monday after reports the global lender will try to raise its stake in China's fifth-largest lender, a move that would be further evidence of its shift to Asian markets.
South Korea's corporate watchdog, the Fair Trade Commission, approved HSBC Holdings'planned acquisition of Korea Exchange Bank, saying the merger would not hurt marketcompetition. Lone Star Funds signed an agreement to sell its 51% stake in KEB to HSBC Holdings for over $6.3 billion last year.
Following are the day’s biggest winners and losers. Find out why shares of HSBC (HBC) and Supervalu (SVU) popped while Google (GOOG) and LDK Solar (LDK) dropped.
Stocks recovered from earlier losses to finish flat Monday in a volatile session riddled with weak economic data, big auto-sales declines and concerns about more fallout from the housing slump.
Stocks turned mixed Monday after Ford turned in better-than-expected sales results and announced layoffs.
HSBC, Europe's biggest bank, said its profit rose 10 percent last year as strong business in Asia and emerging markets offset bad debts in the U.S.
Wall Street looks set to start the week in negative territory as stock index futures pointed lower on renewed fears for the fate of the economy.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The Dow ended a dismal week lower on Friday as investors grappled with anxiety about the broader economy. Here's the word on the Street.
Today is the one year anniversary of HSBC's first subprime meltdown related write-down. HSBC was amongst the first to actually increase write offs due to the subprime mess. Here are some stats comparing today to one year ago...
Stock prices are a bit squishy this morning. There is little on the data front, with wholesale trade at 10 a.m. the only number to watch today. Congressional votes late yesterday approving an economic stimulus plan should be a psychological boost.
Shares in Societe Generale jumped more than 6 percent Wednesday on market speculation that major bank HSBC was making a bid for the French bank.
It is a feature of French business life that politicians feel they should comment widely on and influence the outcome of corporate decisions. This time they should butt out.
Crisis counselling will replace cosy dealmaking at the business and political summit in Davos this year as bankers face a market slump that has aggravated the worst conditions in generations.
Stocks finished little-changed after another up-and-down session.
Berkshire snaps up the Dutch bank's reinsurance company, NRG, for $435.2 million, while Citi and HSBC are reportedly also interested in shedding parts of their businesses.
Top European lender HSBC Holdings, which is building up its global insurance business, may strike a distribution partnership in fast-growing China in 2008, its Asia chief said on Wednesday.
Futures drop about 6 points on CPI stronger than expected. Elsewhere: 1) Following HSBC and others, Citi said that it's bringing its $49 billion in SIV assets on its balance sheet. Taking this exposure onto their balance sheet can be viewed as a surprise--they had previously indicated that they would not take on any exposure beyond the $10 billion in liquidity funding they provided to the SIVs.
A late-day selloff pushed the major stock averages down 10% from their highs, meaning the market is now officially in a correction.