Southeast Asian leaders said on Sunday they would coordinate policies and take joint actions to deal with a worsening global financial crisis battering their export-dependent economies.
Honda Motor Co is likely to cut output at home by over 150,000 units in the year from April, bringing its Japanese production below 1 million vehicles for the first time in 14 years, the Nikkei business daily reported.
American International Group Inc is close to a deal with the U.S. government that would ease the terms of its bailout, provide a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday.
American International Group Inc is close to a deal with the U.S. government that would ease the terms of its bailout, provide a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday.
American International Group Inc is close to a deal with the U.S. government that would ease the terms of its bailout, provide a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday.
The U.S. government will boost its stake in Citigroup Inc to as much as 36 percent, bolstering the banking giant's capital base in one of the most dramatic efforts yet to prop up the ailing banking industry.
The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said on Thursday.
Lost your job and looking for someone to punch up for causing the global financial crisis? A Japanese shrine offers down-on-their-luck visitors a chance to shake off the doldrums by hitting the God of Poverty.
President Barack Obama's support on Thursday for a U.S. cap and trade scheme boosted expectations of a global carbon market under a new climate treaty, to be agreed this year to replace the Kyoto Protocol.
Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various units fail to produce attractive offers, according to a source close to the matter.
Asian stocks edged lower on Thursday after an early rally fizzled and investors found few incentives to make long-term bets with economic and corporate profit prospects worsening.
Asian stocks edged up on Thursday as investors bet government stress tests of U.S. banks will bring the ailing industry closer to a fix, while the dollar extended its rally against the yen.
Mounting economic damage and prolonged political uncertainty in Japan have tarnished the yen's safe haven reputation, sending investors back into the dollar despite America's own economic troubles.
An upw...
The Australian Dollar opens a shade weaker today at 0.6468 but remains entrenched in its recent broad range between 0.6350 and 0.6550. The Aussie hit an overnight high of 0.6554 – a level which is proving a tough one to break. Despite further poor economic data out of the United States last night, this time in the form of a 12-year low in existing home sales, the Aussie was caught up in moves lower by the Euro and Yen.
Three potential bidders are still looking at buying a large stake in American International Group's key Asian life insurance unit, people close to the matter said on Wednesday.
A Japanese unit of Switzerland's UBS AG said its computer systems mistakenly placed a $31 billion order for convertible bonds (CB) of videogame maker Capcom Co on Wednesday, but it was able to cancel the trade at no cost.
The head of sovereign ratings at Standard & Poor's told Reuters on Wednesday he expected more sovereign ratings downgrades than upgrades this year and flagged financial markets' concern about the health of public finances.
President Barack Obama on Tuesday called on Congress to send him legislation that places a market-based cap on U.S. carbon polluting emissions and pushes the production of more renewable energy.
The threat of protectionism just won't lie down, despite repeated promises of political leaders to refrain from raising barriers to trade.
Oil shed on Wednesday some of the previous session's 4 percent gains but held above $39, after President Obama balanced his message of hope for the U.S. economy with a warning and ahead of data on U.S. oil stocks.
Obama told Congress the United States would emerge stronger from its deepest economic slump in decades but said America faced a day of reckoning for its past excesses.
The preside...
Citigroup may sell both its Japanese investment bank and brokerage, according to media reports, as the faltering U.S. lender looks to raise more cash from a sale of global assets.
Australian Dollar: The Australian Dollar opens higher today at US65 cents having traded between a low of 0.6388 and a high of 0.6525 over the last 24 hours.
North Korea said on Tuesday it was preparing to launch a satellite on one of its rockets, which analysts have said would actually be the test-firing of a long-range missile designed to strike U.S. territory.
