Government Investigating HSBC Clients for Tax Evasion

The Justice Department is investigating HSBC (HBC) clients who may have failed to disclose information about accounts held in India and Singapore, Bloomberg News reported, without naming its sources. At least one client received a letter from the Justice Department saying the department had reason to believe they held accounts overseas without reporting them to the IRS. The letter did not mention HSBC.

Where's All the Gold? Start With the U.S. Fed

Investors are piling into gold bullion, gold coins, gold-focused mutual funds and ETFs -- and who can blame them? With the world awash in more than $200 trillion in debt, it's not unreasonable to question the long-term value of fiat currency like the dollar.

OECD Raises Economic Outlook Despite Debt, Inflation Fears

The OECD released a "glass half empty" economic outlook report Wednesday. Despite its upward revisions for GDP forecasts, the group is worried that sovereign debt issues and inflation in emerging markets may cause problems for the world's key economies.

Report: China-Based Hackers Stole India Secrets

China-based hackers stole Indian national security information, 1,500 e-mails from the Dalai Lama's office and other sensitive documents, a new report said Tuesday. Researchers at the University of Toronto said they were able to observe the hacking and trace it to core servers located in China and to people based in the southwestern city of Chengdu. The researchers said they monitored the hacking for the past eight months.

Taco Bell goes to India

If you are holidaying in India, and miss the taste of home, don't fret. Along with KFC, Pizza Hut, Mc Donald's, TGI Friday's and Ruby Tuesdays there...

Hollywood & Bollywood Fight Piracy

With piracy costing the $3 billion Indian film industry close to a billion a year, the Motion Picture Association of America and Indian film studios have teamed up in a new program to combat the problem.

Absence of Smart Grid in Budget Talks Isn't Smart

When announcing his $3.8 trillion budget, Obama didn't mention the "smart grid," long key to his infrastructure spending plans. That's a shame, as improving our utility grid could create jobs as well as make us greener, more efficient and more competitive.

Oil Prices May Drop in 2010, But No Break for Motorists

Oil prices are showing signs of moderating, with a barrel of crude now worth about half of its all-time of $147 a barrel in 2008. But U.S. motorists may not benefit much at the pump. Refiners are expected to restore their margins that got squeezed during the recession.

How Best to Ride the Emerging-Market Boom?

The U.S. stock markets had a dismal decade, but many emerging economies delivered blockbuster growth. That's prompting investors in the developed world to grapple with how to take advantage of the explosive growth abroad -- without getting burned.

Inflation Fears in India -- Food Prices Up 20%

The Federal Reserve said Wednesday that it won't raise interest rates anytime soon, indicating that it doesn't see inflation as a threat in the U.S. But not every nation shares our situation. In India, wholesale food prices were up 19.95% year-over-year for the week ending Dec. 5.

Slumdog Millionaire's 'poverty porn'

As Slumdog Millionaire wends its way to the Oscars, it is reopening controversies about movies and their financial responsibility to the people that...