HSBC

Bank Of Korea Keeps Interest Rate Unchanged At 2.75%

Won Notes
The Bank of Korea Thursday announced its decision to keep the policy rate at 2.75 percent, withstanding the pressure from the market participants for additional stimulus measures to give a boost to the country's weakening economy.
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India Service Sector PMI Growth Drops To Six-Month Low

India's service sector recorded its slowest growth in six months as the economic slowdown in the U.S. and Europe resulted in a slump in new orders, the latest HSBC Purchasing Managers’ Index data released Monday show.
US Housing Starts

Fed Speakers, Housing Data, Manufacturing PMI: Economic Events For Sept. 17-21

The continued weakness of the global economy will probably leave the two regional manufacturing PMI (Empire State and Philly Fed) and the national Markit PMI at low levels in September. Meanwhile, economists expect August?s data on housing starts and existing home sales to show that the housing recovery remains intact.
File photo of stock brokers trading in a brokerage firm in Kolkata February 16, 2009.

Poor Returns Cast Cloud over BRIC Equity Funds

Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme.
Rajoy

Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner

While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.

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