Asia

World Bank Again Cuts Global Growth Forecasts

Souring prospects in the world's largest emerging markets are darkening an already cloudy outlook for the global economy, the World Bank said on Wednesday, as it cut growth forecasts for the third straight year.

Futures Tick Up Amid Economic Optimism

Strong economic data from Europe and Asia sent U.S. stock-index futures climbing modestly on Wednesday, suggesting the Dow and S&P could open near record highs.

S&P 500 Notches 5th Consecutive Record Close

Wall Street ended solidly in the green as the S&P 500 logged its 11th record close of the year, the first five-day string of record closes since '98. The Dow also notched its 17th record close.

S&P Builds on Record Highs, Dow Slips

The broad S&P 500 logged a fresh record high Monday in light trading, while the Dow tilted slightly lower, as traders took a breather after a hectic week.

Marc Faber: We Have Reached Some Kind of Tipping Point

The markets have “reached some kind of tipping point,” according to Gloom, Boom & Doom Report publisher Marc Faber. He added that global markets have realized deceleration in China’s economy is worse than predicted.

Gold Crushed in Historic Rout

Gold took one of its biggest tumbles on record amid a whirlwind of worries over the global economy and concerns sovereign and institutional players will continue selling the precious metal.

China’s Government Crackdown

China’s Communist Party announced a formal investigation last month into one of the party's most senior figures, Zhou Yongkang, and one hedge fund manager says the move will bring broader political and market implications.