Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service.Entertainmentread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
Standard Chartered is facing another substantial fine from U.S. regulators as it announced its first-half profits fell by 20 percent from the same period in 2013, to $3.27 billion.
Standard Chartered confirmed "certain issues have been identified with respect to the group's post-transaction surveillance system" in a statement. The issues are likely to result in a nine-figure fine from the New York State Department of Financial Services, led by Benjamin M.Lawsky, who previously tackled the bank over sanctions violations, according to reports.
Standard Chartered said that its focus on the conduct of its employees had intensified.
These particular issues are with its money-laundering control process, which is separate from its sanctions screening. Part of the penalty for the problem is likely to include an extension of the term of the monitor appointed to oversee the bank in the light of its earlier fine.
Standard Chartered flagged its profits fall in June, after falling revenues in its business, which is around three quarters emerging markets-focused.
The bank paid $340 million to the regulator in 2012, over transactions linked to Iran.
Chief executive Peter Sands, the longest-serving British bank chief executive, has faced question marks over his future following the bank's recent troubles. Its board said just a couple of weeks ago that "it is united in its support" for him and chairman John Peace.