Weak demand hits China factory, services firms in March, more easing seen

BEIJING/SHANGHAI - Surveys of China's factory and services sectors showed stubborn weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown.

Recent Business News

Oil prices edge lower as Iran talks extend beyond deadline

SINGAPORE - Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear program would be reached that could allow more Iranian crude into world markets.

Saudi Arabia, Iraq 3:26am EDT

Ex-Goldman programmer faces second U.S. trial on code theft charges

NEW YORK - A former Goldman Sachs Group Inc computer programmer charged with stealing code from the investment bank is scheduled to go on trial on Wednesday, the second time in five years he will be in front of a jury for essentially the same accusations.

Japan's Sony Corp. halves stake in Olympus

TOKYO - Japan's Sony Corp has halved its stake in camera and endoscope maker Olympus Corp and is no longer its top shareholder, according to Olympus.

Japan, Tech 3:48am EDT

Ex-Fannie Mae CEO testifies in $1 billion mortgage trial of Nomura, RBS

NEW YORK - Former Fannie Mae CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the financial crisis.

31 Mar 2015

New York court dismisses foreclosure lawsuit against HSBC

- A New York judge this week dismissed a lawsuit filed by the state's attorney general that accused HSBC Holdings Plc of ignoring a law designed to protect homeowners from foreclosure.


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