Banking And Credit

Founder of online Chinese lender sentenced to life for fraud

Sep 13, 2017

The founder of a Chinese online lending company was sentenced to life in prison after his company defrauded depositors of $7.7 billion in one of China's biggest financial scams

Asian markets rise modestly after Wall Street's sharp gains

Aug 23, 2017

Most Asian markets rose modestly as geopolitical risks and turmoil at the White House abated while investors eyed the annual gathering of central bankers

Asian shares mixed ahead of Korean drills, banker meeting

Aug 21, 2017

Asian stocks are mixed as investors monitored joint military drills between U.S. and South Korean forces and awaited a key meeting of central bankers later this week

HSBC reports higher profit, plans $2B more in share buybacks

Jul 31, 2017

HSBC plans to buy back another $2 billion in shares after reporting strong earnings for the latest quarter.

Global stocks rise on corporate earnings, ahead of Fed

Jul 26, 2017

World stocks rise on generally positive corporate earnings reports, ahead of Federal Reserve's interest rate decision

Global shares gain as European Central Bank meeting in focus

Jul 20, 2017

Global shares gain as attention shifts to European Central Bank's policy decision

AMC tries to distance itself from parent Wanda's troubles

Jul 19, 2017

U.S. cinema chain AMC says Chinese parent Wanda Group's finances not a problem

Bank of Korea raises South Korea's growth outlook

Jul 13, 2017

Bank of Korea forecasts 2.8 percent growth for South Korean economy in 2017

Global stock markets edge up ahead of Fed chair's speech

Jul 12, 2017

Global stocks mostly rise as investors eye U.S. political risks, Fed chair's speech for cues on direction of monetary policy

Global stock markets advance after Wall Street gains

Jul 10, 2017

Major global stock markets have risen following Wall Street's gains ahead of U.S. corporate results and public comments from the chair of the Federal Reserve

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