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- HONG KONG - World stock markets dropped for a second day Wednesday, with Tokyo and Hong Kong tumbling about 3 percent, 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) -- Oil and metals dropped on concern the global recession is deepening, driving down commodity stocks from Royal Dutch Shell Plc to Xstrata Plc. Crude declined for a fourth day, losing 2.8 percent. Zurich-based UBS AG lowered its ...
- To dispel the pall cast on its credibility and to overcome the pitfalls created by the gulf between words and deeds, the G20 must learn not only to talk but also to walk the talk, writes MOHAMED ARIFF. GREAT expectations often end in great ...
- The company, which has three verticals -- farm mechanisation, engineering products and construction equipment, is also mulling over setting up a new plant to manufacture railway equipment. It is presently exploring sites for the plant. "Our mission ...
- LONDON -- Turkey is edging closer to a major loan deal with the newly enriched International Monetary Fund that could help the country's emerging economy weather the global financial crisis, its prime minister said. U.S. President Barack Obama ...
- LONDON (Reuters) - World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it ...
- But foreign bond funds posted their first net fund inflow since September, as the yen weakened towards 100 to the dollar after having hit a 13-½ year high in January. The overall net outflow from Japanese publicly placed investment trust funds ...
- April 1 (Bloomberg) -- Mexico asked for a credit line of about $47 billion from the International Monetary Fund to help the country mitigate the impact of the global financial crisis. The peso rose the most in two weeks after the announcement by ...
- April 1 (Bloomberg) -- Mexico’s peso, stocks and bonds surged after the government said it will seek a $47 billion credit line from the International Monetary Fund, more than President Felipe Calderon indicated yesterday. The currency jumped 1.8 ...
- MEXICO CITY (AP) - Mexico's central bank confirmed plans Wednesday to seek a $47 billion credit line from the International Monetary Fund and activate a $30 billion currency swap to ease lending and boost its sagging currency. The one-year credit ...
- FEDERAL Health Minister Nicola Roxon's plans to compare all Australian hospitals could eventually lead to direct federal funding of private hospitals, bypassing the states if they cannot offer as good a deal. In an interview with The Australian, Ms ...
- 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 ...
- Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial ...
- Oct. 22 (Bloomberg) -- Emerging-market bonds, currencies and stocks plunged from Brazil to Russia as speculation Argentina may default added to concerns of a global recession. The extra yield investors demand to own developing nation debt swelled 83 ...
- Terex Corporation TEX today announced net income for the third quarter of 2008 of $93.8 million, or $0.96 per share, compared to net income of $151.5 million, or $1.45 per share, for the third quarter of 2007, a decrease in earnings per share of 33.8 ...
- MUNICH, Germany -- The German state of Bavaria's finance minister resigned, accepting his share of responsibility after BayernLB, a regional public-sector bank, said it would seek 5.4 billion euros ($7.2 billion) in federal government aid. Bavaria's ...
- LONDON (MarketWatch) -- Fears over Central and Eastern Europe's ability to weather the global credit crunch mounted Wednesday after Hungary drastically hiked interest rates in an effort to halt a sharp currency slide. Hungary's central bank on ...
- NEW YORK - World stock markets sagged again Wednesday as a barrage of weak corporate earnings stoked fears that the government's financial intervention won't keep global economies out of recession. Poor earnings from large companies in disparate ...
- Two years ago, as it unveiled itself at the posh Roosevelt Hotel in Hollywood, Calif., the group behind ProElite Inc. -- Doug DeLuca (a film and television producer) and Gary Shaw (a boxing promoter) -- heralded the company as a legitimate contender ...
- Oct. 22 (Bloomberg) -- Stocks fell around the world, the euro sank to an almost two-year low against the dollar and commodities retreated as the economic slump deepened and corporate profits declined. Exxon Mobil Corp., BHP Billiton Ltd. and Petroleo ...
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