The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
Asian shares rebounded Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
India's industrial output growth probably slowed to an annual rate of 3.5 percent in September, weighed down by slower growth in infrastructure output and higher domestic borrowing costs.
Nvidia Corp's third-quarter results beat estimates as the chipmaker refocused on smartphones and tablets in a tepid personal computer market, although its revenue forecast was a bit lower than expected.
Russia and China voiced their opposition to new round of sanctions against Iran in a meeting in Moscow. Russia and China have expressed “the mutual conviction that the application of new, additional sanctions against Iran will not lead to the desired result,” Russian Foreign Ministry said in a statement.
Sitting in China's copper and steel warehouses is a hidden risk to the world's second-largest economy -- banks' indirect exposure to a property market that is showing signs of stress.
Sitting in China's copper and steel warehouses is a hidden risk to the world's second-largest economy -- banks' indirect exposure to a property market that is showing signs of stress.
Treasury Secretary Timothy Geithner pressed Europe on Thursday to act more forcefully to quell its debt crisis, setting the stage for an Asia-Pacific summit overshadowed by euro-zone upheaval.
Arab Spring and Royal Wedding were on Wednesday deemed the top phrases of 2011, while late Apple co-founder Steve Jobs is the year's top name, according to a global survey of the English language.
President Barack Obama is headed to the Asia-Pacific Economic Cooperation summit in Hawaii this weekend, where he will meet with Chinese President Hu Jintao and other leaders.
Record-high exports in September drove the U.S. trade deficit down to its smallest gap since December, extending a decline for the third straight month and down from a peak of $51.6 billion in June. Meanwhile, imports from China dropped slightly.
Investors stuck with gold exchange-traded products (ETPs) in October, but most other commodities ETPs saw outflows as investors remained cautious about the outlook for economic growth.
New U.S. claims for jobless benefits fell last week to their lowest level since early April and the trade deficit unexpectedly shrank in September, pointing to a slight improvement in the sluggish economy.
New U.S. claims for unemployment benefits fell last week to their lowest since early April and the trade deficit unexpectedly shrank in September, pointing to a slight improvement in the economy.
New U.S. claims for unemployment benefits fell last week to their lowest since early April and the trade deficit unexpectedly shrank in September, pointing to a slight improvement in the economy.
The wealthy nations attending the Asia-Pacific Economic Cooperation summit in Hawaii may fight over trade, but they've avoided serious armed conflict for decades, and the U.S. Pacific Command aims to keep it that way, even as it copes with budget pressures and a surging China.
The head of the International Monetary Fund urged Italy Thursday to act quickly fill its damaging political vacuum, and China said it was willing to help maintain global financial stability that was being threatened by the euro zone crisis.
Cisco Systems Inc forecast revenue and earnings above Wall Street expectations as demand from government and enterprises for its network equipment remained resilient despite global economic troubles.
German travel group TUI AG is going where the world's biggest financial firms have yet to venture.
German travel group TUI AG is going where the world's biggest financial firms have yet to venture.
China's imports surged in October as exports grew at their slowest rate in months, suggesting efforts to tilt the economy toward domestic demand may be offsetting the external weakness that has dragged on economic growth this year.
The head of the International Monetary Fund called on Thursday for political clarity in efforts to tackle the debt crisis that has gripped Italy, saying uncertainty around who would succeed Prime Minister Silvio Berlusconi was fuelling market volatility.
