Stocks slid and the yen rose on Wednesday after news Bank of America needs $34 billion in fresh capital, sending shivers through investors ahead of official results of stress tests on U.S. banks due for release on Thursday.
Asian stocks rose to fresh seven-month highs on Tuesday as optimistic comments from central bankers bolstered confidence that the worst of the global economic downturn may have passed, offsetting anxiety about U.S. banks and their capital needs.
The U.S. dollar edged up from a six-week low on Tuesday after news the U.S. Treasury will instruct about 10 banks to raise more capital injected caution into markets and capped gains in Asian stocks.
American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said on Monday.
True to their reputation as leisure-loving gourmets, the French spend more time sleeping and eating than anyone else among the world's wealthy nations, according to a study published Monday.
The global downturn could lead to unrest, more poverty and environmental challenges in Asia, regional leaders were warned on Monday, after they agreed on a $120 billion emergency fund to counter the crisis.
Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and on a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
The Asian Development Bank launched its annual meeting with donors on Monday, a day after the region announced its first independent liquidity facility, a $120 billion fund to counter the economic crisis.
Thirteen East and Southeast Asian countries agreed on Sunday to set up a $120 billion emergency fund for use in an economic downturn, the first independent move by Asia to shield itself from financial crisis.
Thirteen East and Southeast Asian countries agreed on Sunday to set up a $120 billion emergency fund for use in an economic downturn, the first independent move by Asia to shield itself from financial crisis.
Thirteen East and Southeast Asian countries agreed Sunday to set up an emergency $120 billion fund to provide liquidity to any of them in need of help during the economic downturn.
Thirteen East and Southeast Asian nations have agreed to set up an emergency $120 billion liquidity fund to counter the economic downturn, they said in a joint statement on Sunday.
Thirteen East and Southeast Asian countries are expected to endorse on Sunday an emergency $120 billion liquidity fund that the three largest of them finalized hours earlier to counter the economic downturn.
Japan, China and South Korea finalized details of an emergency $120 billion liquidity fund for 13 Asian nations on Sunday, a key regional initiative to counter the global economic downturn.
The U.S. jobless rate will probably not rise to levels reached during the recession of the early 1980s and is likely to crest above 9 percent before declining, St. Louis Federal Reserve President James Bullard said on Friday.
The U.S. jobless rate will probably not rise to levels reached during the recession of the early 1980s and is likely to crest above 9 percent before declining, St. Louis Federal Reserve President James Bullard said on Friday.
Tokyo Electric Power Co spent $358 million in the past two years on carbon credits, Japan's biggest utility said on Thursday, as it tried to achieve a self-imposed target to help Japan to fight global warming.
Sumitomo Mitsui Financial Group will buy Citigroup's Japanese broker and key investment banking units for $5.9 billion and look to form a financial services powerhouse through an alliance with Daiwa Securities Group.
Mitsubishi UFJ Financial Group, Japan's biggest bank, warned on Friday that it now expects to have slid to an annual net loss of $2.7 billion, hit by losses on its stock holdings.
Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) mechanics and engineers are working round the clock to make sure the new 787 Dreamliner, already two years behind schedule, makes its first test flight before the end of June.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.3-0.4 percent, pointing to a higher start on Wall Street.
