Bill Gross, the co-chief investment officer of bond giant Pacific Investment Management Co., said market fears that the U.S. is at risk of losing its AAA credit rating is sending the U.S. dollar, stocks and bonds under severe selling pressure on Thursday.
Stocks slid in a broad sell-off on Thursday as a disappointing report on the labor market quashed hopes the economy was on the verge of recovery.
If political history is any guide, Gordon Brown is heading for certain defeat in a British general election next year.
Britain risks losing its precious triple-A credit rating because of the danger that government debt may soar close to 100 percent of GDP, and uncertainty over policy before an election due by next year.
U.K. retail sales in April bounced higher than expected, showing signs that the recession is easing.
U.S. stocks slid on Thursday as signs of further job market weakness and a disappointing Fed regional survey added to doubts that the economy was set for quick recovery.
Stocks slid on Thursday as signs of further jobs weakness and a disappointing Fed regional survey fueled doubts about prospects for a quick economic recovery.
U.S. stocks slid on Thursday as signs of further jobs weakness and a disappointing Fed regional survey fueled doubts about prospects for a quick economic recovery.
Stocks slid on Thursday as signs of further jobs weakness and an anemic Fed regional survey fueled doubts about prospects for a quick economic recovery.
The head of the World Health Organization said on Thursday she would not hesitate to raise the global pandemic alert to the top of the six-point scale if the new H1N1 flu is spreading globally.
Stocks opened lower on Thursday as signs of further labor market weakness fueled doubts about a quick economic recovery and Britain's reduced rating outlook signaled more fallout from the credit crisis.
Ratings agency Standard & Poor's lowered its outlook on Britain to negative on Thursday, citing government debt that would be hard to rein in and political uncertainty about the policy response with an election looming.
Stock index futures declined on Thursday as doubts about a quick economic rebound fueled a global equity selloff, while Britain's reduced rating outlook pointed to more fallout from the credit crisis.
Stock index futures fell on Thursday as doubts about a quick economic rebound fueled a global equity sell-off, while Britain's reduced rating outlook pointed to more fallout from the credit crisis.
The dollar hit its lowest in almost five months and Asian stocks slipped on Thursday after news that the Federal Reserve lowered its forecasts for U.S. economic growth for the next three years.
Australian Dollar: The Australian Dollar took a bit of a hit in Asian trade yesterday falling from a seven and half month high of 0.7783
A recovery in cellphone demand will not happen until well into 2010, researcher Gartner said on Wednesday, while Reuters data showed the industry could suffer its worst quarter ever in April-June.
Gartner corrects Q1 market fall to 8.6 percent from 9.4 percent in paragraph 2
A recovery in cell phone demand will not happen until well into 2010, researcher Gartner said on Wednesday, while Reuters data showed the industry could suffer its worst quarter ever in April-June.
Army-ruled Myanmar opened the trial of opposition leader Aung San Suu Kyi on Wednesday in an apparent bid to calm growing international outrage at the regime and its latest crackdown on the Nobel Peace laureate.
Reformists called for a fundamental shakeup of Britain's political system on Wednesday, saying the first ousting of a parliamentary speaker in 300 years was not enough to still public anger over an expenses scandal.
India said on Wednesday it has given Pakistan new information relating to the November attack on Mumbai, seeking to push investigation into an assault that New Delhi says was carried out by Pakistan-based militants.
