Chinese demand has already fuelled booms in markets from copper to shipping, but the rise of the world's fastest growing economy is also driving up prices for another hot commodity: bilingual bankers.
The U.S. mortgage and credit crisis deepened on Wednesday, as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced a total of 3,400 job cuts, as concern mounted about the longer-term impact on the economy.
U.S. private equity fund Lone Star confirmed on Tuesday it was in exclusive negotiations with HSBC to sell its 51 percent stake in Korea Exchange Bank, with a market value of $4.8 billion.
HSBC Holdings Plc said on Monday it was in talks to buy a majority stake in Korea Exchange Bank (KEB) worth $4.8 billion from Lone Star, the latest chapter in a lengthy financial and judicial saga.
Asia's central banks took further steps on Monday to calm markets roiled by fears over a credit squeeze, with the Bank of Japan injecting $5.1 billion into the banking system and others pledging to follow suit if needed.
Banks including JPMorgan Chase, Bank of America and HSBC might be interested in buying Bear Stearns Cos at the right price, but there would be real obstacles to a deal happening anytime soon, analysts said.
DuPont Co., the No. 2 U.S. chemical company, on Tuesday reported lower-than-expected second-quarter profit as weak U.S. housing and auto markets slowed demand and overshadowed growth in other regions.
The yen faced fresh losses on Friday, while bonds were flat as investors put this week's wave of risk aversion behind them, comforted by a relatively neutral statement from the Federal Reserve.
Ford Motor Co. has hired accountancy group KPMG to examine the books at its British units Jaguar and Land Rover ahead of their expected sale later this year, the Sunday Times reported.
China’s central bank has agreed in principle to allow foreign members into the Shanghai Gold Exchange, marking an opening in China’s precious metals trading market, according to the state news agency.
The Bank of Overseas Chinese (BOOC) denied the rumor that HSBC and Standard Chartered Bank launched a bid for it and stressed it didn't touch with two lenders.
India's Business Process Outsourcing (BPO) industry received a serious jolt when a TV channel promised to telecast the issue of growing concern over vulnerability of data security in BPOs and call-centers in India.
The battle for the favours of the world's ultra rich is heating up as more banks seek a piece of what they see as the fastest growing sector in the financial industry.
Mortgage war among local banks might upgrade following the lastest moves in polices of mortgage rate between HSBC and BOC(HK).
The mortgage war between HK's banks are becoming more and more furious with some measures taken by three main lender - Hang Seng, Standard Chartered and BEA......
The FTSE 100 index rose on Friday, recovering from a sharp sell off over the past two sessions, as crude oil prices fell and Asian markets gained.
Britain's FTSE 100 share index hit a 3-week high on Thursday, fired up by strong resources and bank stocks, although trading levels were modest ahead of a U.S. interest rate decision.
Banks saw HSBC and Royal Bank of Scotland gain 1.1 percent, while Barclays put on 1.5 percent.
The recent forays by global banking powers Citigroup Inc. and HSBC Holdings Plc into U.S. Internet banking don't alarm the chief executive of ING Direct, which has been in that market for five years now.
