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Wednesday, May 22, 2013

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HSBC private client fined for tax evasion
07-05 22:03
Michael Shanly, a millionaire British property developer, was ordered to pay £830,000 (HK$9.9 million) by a London court after failing to disclose offshore f...

Drop in US jobless claims positive
07-05 21:48
New claims for US unemployment benefits tumbled last week, suggesting an easing in layoffs, official data showed on the eve of highly anticipated June labor dat...

Dow retreats
07-05 21:42
The Dow Jones Industrial Average retreated 72 points to 12,871 today, while the S&P 500 index fell 6 points to 1,368. The Nasdaq Composite declined 6.5 po...

US stocks decline
07-05 21:37
US shares broke a three-day advance as the S&P 500 Index fell 0.4 percent to 1,368.48.

China central bank insists on home loan limits
07-05 21:27
China’s central bank urged lenders today to keep a firm hand on residential curbs aimed at deterring speculative activity. "Banking institutions should continue ...

ECB chief Draghi says entire euro area growth at risk
07-05 21:02
European Central Bank president Mario Draghi, speaking at a news conference after the bank cut its benchmark interest rate by a quarter point to 0.75 percent, ...

Qatar on course for US dollar sukuk
07-05 20:55
Qatar is planning to issue Islamic bonds, or sukuk, for the first time in nearly a decade. The Gulf Arab state has mandated banks for investor meetings in Kua...

Hedge fund piles into Barclays
07-05 20:51
Crispin Odey, one of Europe's best-known hedge fund managers, has seen an opportunity in shares in Barclays. Odey, the founding partner at Odey Asset Manage...

Melco plans casino with Manila partners
07-05 20:16
Casino and entertainment resorts operator Melco Crown Entertainment (6883), which runs Altira Macau and the City of Dreams, said it entered into an agreemen...

Bank of England hints at weakening UK growth
07-05 19:59
In announcing its decision to increase asset purchases by £50 billion (HK$604.3 billion) to £375 billion, the Bank of England said today Britain’s output ...

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