Markets in Europe and Asia tipped lower Friday following Thursday's tumble in the United States prior to the Independence Day break.

WASHINGTON, Aug. 6 (UPI) -- The United States faces a second wave of financial crisis as the slowdown starts to spread to emerging markets.

LONDON, Aug. 4 (UPI) -- HSBC Holdings said Monday it would stop writing new U.S. car loans after reporting a 29-percent decline in first-half profits.

LONDON, March 2 (UPI) -- HSBC Chairman Stephen Green has been presented with four options by shareholder activist Knight Vinke, all aimed at dropping the U.S. banking business, HFC.

WASHINGTON, Jan. 23 (UPI) -- The world's stock markets reel, the Fed slashes rates. What comes next?

GATESHEAD, England, Jan. 11 (UPI) -- A statue of Jesus with an erect penis on display in England is drawing fire from outraged Christian critics.

LONDON, Nov. 20 (UPI) -- An airing of "Jerry Springer -- The Opera" on British television has sparked debate over whether blasphemy laws are antiquated and should be repealed.

LONDON, Nov. 1 (UPI) -- Britain's BBC is accused of religious persecution by two Christian groups over an episode of the TV series "Spooks" on the BBC1 channel. Christian Voice charged a recent episode of the drama that focused on evangelical extremists killing Muslims could be

BEIJING, Dec. 20 (UPI) -- China's gross domestic product grew by a whopping 16.8 percent last year, Beijing statisticians said Tuesday.