Australias markets regulator sued the Australian unit of British lending major HSBC Holdings Plc for allegedly failing to adequately protect customers from scams. As per the documents filed by the Australian Securities and Investments Commission or ASIC, HSBC Bank of Australia Ltd. or HSBC Australia failed to properly protect customers scammed out of millions of...
The British pound strengthened against other major currencies in the European session on Monday, after data showed that the U.K. private sector activity advanced at a steady pace in December. Data from S&P Global showed that the U.K. Purchasing Managers Index (PMI) posted 50.5, unchanged from November. The economists had expected the index to improve...
Eurozone private sector contracted at the end of the year reflecting the falls in Germany and France, while the rest of the region posted a solid increase in output. The HCOB flash composite output index rose to 49.5 in December from 48.3 in November, pointing to a softer and marginal fall in output, survey results...
The UK private sector logged a steady growth in December with rising activity across the services economy offsetting an accelerated downturn in manufacturing output, flash survey results from S&P Global showed on Monday. The flash composite output index posted 50.5 in December, unchanged from Novembers 13-month low. Divergent trends were recorded in the manufacturing and...
After reporting a sharp increase by its reading on regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Monday showing a sharp pullback by the index in the month of December. The New York Fed said its general business conditions index plummeted to 0.2 in December...
Singapore will on Tuesday release November numbers for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity. In October, NODX was down 7.4 percent on month and 4.6 percent on year, with a trade surplus of SGD4.410 billion. Hong Kong will see November figures for unemployment; in October, the jobless rate was 3.1...
The South Korea stock market on Monday snapped the four-day winning streak in which it had spiked more than 130 points or 5.5 percent. The KOSPI now sits just beneath the 2,490-point plateau although its expected to bounce higher again on Tuesday. The global forecast for the Asian markets is mixed to higher, with strong...
The Canadian market closed weak on Monday, extending losses to a third straight session as weak oil and gold prices weighed on energy and materials stocks. Communications shares were the other major losers. The mood was cautious as investors awaited the Federal Reserves monetary policy announcement, and a slew of key economic data, including reports...
The Japanese stock market has tracked lower in back-to-back sessions, slumping almost 400 points or 1 percent along the way. The Nikkei 225 now sits just beneath the 39,460-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is mixed to higher, with strong support expected from the...
The Singapore stock market has finished higher in three straight trading days, collecting almost 30 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,820-point plateau although it may spin its wheels on Tuesday. The global forecast for the Asian markets is mixed to higher, with strong support...