Asia

Politics

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.

Markets

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.

Markets

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.

Politics

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.