(HONG KONG)HSBC Holdings PLC, Europe's largest bank by market value, plans to cut 500 jobs in Asia due to the global economic slump. The cuts will be made in various parts of the business, in...READ MORE
(HONG KONG)Hong Kong's main stock index tumbled 4.5 percent Tuesday as another wave of bank layoffs spurred selling in financial shares. The blue-chip Hang Seng Index shed 613.64 points to cl...READ MORE
(TOKYO)Japanese stocks retreated Tuesday amid broad regional declines as investors grappled with more bad news about the global economy, including a massive round of layoffs in the financ...READ MORE
(DUBAI, United Arab Emirates)This Arab Gulf boomtown--so business-friendly it's been called "Dubai Inc."--is suddenly getting a nasty taste of the global financial crisis. Housing prices are falling for the fi...READ MORE
(DUBAI, United Arab Emirates)This Arab Gulf boomtown--so business-friendly it's been called "Dubai Inc."--is suddenly getting a nasty taste of the global financial crisis. Housing prices are falling for the fi...READ MORE
(WASHINGTON)Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.READ MORE