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Moody's Takes a Hatchet to Global Banks

Few large financial institutions managed to escape unscathed as Moody's repositioned the ratings of 15 banks and securities firms with global capital markets operations after the closing bell on Thursday.
A trader reacts in front of the DAX index board at Frankfurt's stock exchange

European Markets Fall Amid Weak Euro Zone Data

European markets fell Friday as concerns about the economic slowdown were revived after data from the euro zone was disappointing and 15 global banks were downgraded by Moody's Investor Service.
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Manufacturing Data Tells the Same Story

Advanced readings for German flash PMI came in at 44.7 versus a consensus of 45.2 while the euro zone services came in slightly better than expected at 46.8 versus 46.4
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World Wealth Report 2012: Asians Top List Of Millionaires

The millionaires in Asia outnumber their counterparts in North America for the first time while the overall financial wealth of high net worth individuals (HNWI) declined across all regions except the Middle East, according to a new study.
Thames Town

Fake Europe In Real China [SLIDESHOW]

You don't have to go far from China these days to get the taste of living in Europe. There's just one problem: it's all a big fake, as these photos show

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