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- HONG KONG - World stock markets dropped for a second day Wednesday, with Tokyo and Hong Kong tumbling about 3 per cent, after a dismal start to the U.S. earnings season dampened hopes that the worst of the economic slump is over. Investors in Asia ...
- April 8 (Bloomberg) -- The yen and the dollar rose against higher-yielding currencies as Asian stocks extended a worldwide equity decline, boosting demand for shelter from the global financial turmoil. The yen strengthened versus all 16 of the most ...
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MEXICO CITY, April 7 (Reuters) - Mexico's peso hit a three month high on Tuesday, supported by expectations that international credit lines would reduce currency volatility, while stocks fell on concerns of a weak earnings season. The peso
- Korea's trade surplus hit a record $4.6 billion in March thanks to a sharp drop in imports and a surge in the exports of ships, the government said yesterday. The Ministry of Knowledge Economy said the country's exports reached $28.3 billion in March ...
- Oct. 22 (Bloomberg) -- Argentine lawmakers will try to block the government's use of $29 billion in nationalized pension assets to repay debt when they consider President Cristina Fernandez de Kirchner 's plan to seize the funds from private money ...
- Oct. 23 (Bloomberg) -- Financing costs in Asia may extend declines after borrowing costs in London fell for an eighth day, the longest run of reductions since May, as a $540 billion Federal Reserve program resuscitated U.S. corporate borrowing. The ...
- ANZ has reported a 21 per cent fall in full year profit, after its bottom line was hit by charges related to the fall-out in global credit market. Profit for the year ended September 30 was $3.319 billion, down from $4.180 billion in 2007. Chief ...
- The wire service said that accelerated moves by the Federal Reserve Board to boost the commercial paper market by providing loans to money-market funds that buy the debt have enabled rates on the highest-ranked 30-day commercial paper to drop by 1.46 ...
- NEW YORK — A jump in global sales boosted McDonald's Corp.'s third-quarter profit by 11 percent, the company said Wednesday, a bright spot among restaurant companies as strapped consumers balk at spending their cash on dining out. The nation's No ...
- Japanese Prime Minister Taro Aso has agreed to a 450-billion-yen (4.6-billion-dollar) loan deal to build a major railway network in India. The agreement was signed on Wednesday during Indian Prime Minister Manmohan Singh's visit to Tokyo. Under the ...
- Shanghai, China - Investors who helped build the financial boomtowns of developing countries in recent years are now fleeing them, threatening to destabilize burgeoning economies and drag the world into a deep recession. More than $1.3 trillion in ...
- Light, sweet crude for November delivery rose $2 to settle at $71.85 a barrel on the New York Mercantile Exchange after earlier rising as high as $74.30. On Thursday, prices lost $4.69 to settle at $69.85 a barrel. Despite Friday’s modest rally ...
- SEOUL, South Korea - South Korea announced measures Sunday to shore up its banks by guaranteeing their external debt and pumping more money into the financial system amid the global credit crisis. The government said it will provide up to $100 ...
- The cost of stemming the financial crisis continues to soar. The U.S. Federal Reserve has already sunk more than $800 billion into the financial system; the Treasury Department is committed to the $700 billion bailout package in addition to the $200 ...
- NEW YORK (Associated Press) - American International Group says it has canceled a multimillion dollar severance package for its departing chief financial officer. New York Attorney General Andrew Cuomo says outgoing CFO Steven Bensinger was slated to ...
- NEW YORK— Investment bank Merrill Lynch & Co. said Thursday its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis. Not only ...
- An 11.4% drop in Tokyo stocks led a broad retreat in Asian markets Thursday, in another whipsaw trading day characterized by nervous investors voting with their feet. The moves add to signals that recession fears have overcome the initial optimism ...
- NEW YORK (Dow Jones)--The dollar and euro extended modest early morning gains against the yen Thursday after the release of encouraging U.S. economic data. The temporary ease in risk aversion pushed the dollar to an intraday high of Y101.39 and the ...
- Oct. 16 (Bloomberg) -- South Korea's won slumped by the most since the International Monetary Fund bailed the nation out in 1997, after Standard & Poor's said it may cut credit ratings for Kookmin Bank and six other companies. The Kospi stock index ...
- Oct. 16 (Bloomberg) -- South Korea's won slumped by the most since the International Monetary Fund bailed the nation out in 1997, after Standard & Poor's said it may cut credit ratings for Kookmin Bank and six other companies. The Kospi stock index ...
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