HSBC to pay $1.9B to settle money-laundering case

(AP)—HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.

Zero interest and growing fast

From humble beginnings, Islamic finance is now a trillion dollar industry and growing at a rate some in the West find alarming. A new analysis suggests it can be accommodated by the existing global financial system for everyone’s ...

PayPal to expand in Asia after mobile app launch

PayPal Asia-Pacific chief Rupert Keeley said Friday the US company plans to expand in the region over the next 12 to 18 months, after it launched the region's first payments service for smartphones.

Pension reform vital to maintaining Canadians' standard of living

As baby boomers retire in greater numbers, serious doubts continue to be raised about the ability of the retirement income system to provide adequate replacement wages for the next generation of Canadians. According to a ...

Cisco uses cash hoard to buy Norwegian co. for $3B

(AP) -- Cisco Systems Inc. tapped its immense cash hoard and announced a deal Thursday to buy Norway's Tandberg ASA for $3 billion in a bid to dominate the global market for videoconferencing equipment.

Appeals court orders new trial in Brocade case

(AP) -- A federal appeals court has tossed out the criminal conviction of the first Silicon Valley executive to go to trial in a stock options scandal that triggered charges against at least a dozen executives.

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