Asian stocks hit lifetime peaks as dollar sags
Asian stocks outside of Japan hit record highs on Monday, but the dollar headed lower after a solid U.S. jobs report failed to dampen expectations for a further cut in interest rates. European markets were also expected to rise. European stock markets were set to open slightly higher, extending five straight days of gains, but with Japanese markets closed and no major economic data expected out of the United States due to the Columbus Day holiday, trade was expected to be light.
'Mega-Trends' to drive growth in global banking
Beyond the ongoing 'short-term' subprime crisis, the 'mega trends' that will shape banking and its growth in the long term will be globalization, the growth of capital markets and global asset growth and its impact on how it's managed, said Deutsche Bank's top corporate and investment banker.
World moves into the ecological red
The world moved into 'ecological overdraft' - the point where consumption exceeds the ability of the earth to sustain it.
Eight tickets to paradise
These autos will get you there in style
Don't want an iPod?
Apple's overwhelming popularity encourages some to look for alternate MP3 brands.
Federal Deficit Shrinks to $161 Bln.
The U.S. federal budget deficit fell to $161 billion in fiscal 2007 from $248 billion the prior year as growth in tax receipts, fueled by capital gains and other non-withheld income, outstripped spending growth, the Congressional Budget Office said on Friday.
U.S. employers added 110,000 jobs
U.S. employers added 110,000 jobs in September and August's job losses were revised into a gain in a Labor Department report on Friday that lifted some worry about a recession in the near term.
German Bund Spread Rises
The yield advantage of the two-year Treasury note over the comparable-maturity German bund increased 5.6 basis points to 6.2 basis points today. The bund yielded 12 basis points more than the Treasury note on Sept. 27. A basis point is 0.01 percentage point.
Services Employment Rise in September
The employment portion of the Institute for Supply Management's index of non-manufacturing businesses rose to 52.7 in September from 47.9 the prior month, the Tempe, Arizona-based group said Oct. 3. Services industries make up almost 90 percent of the U.S. economy.
The Dollar Jumps
The dollar posted the biggest weekly gain against the euro in more than a month on signs the economy is weathering the housing slump.
Holiday shoppers say toy recalls won't deter them
Safety concerns following a spate of recalls of toys made in China are unlikely to have a big impact on holiday shopping, according to a new survey.
Several dead after Mexican army-drug gang shootout
Several people were killed in a gunbattle between soldiers and suspected drug smugglers in northern Mexico on Friday,
Bear Stearns manager leaving with strategy intact
Jim O'Shaughnessy, author of the 2005 business bestseller What works on Wall Street and star money manager at Bear Stearns (BSC.N: Quote, Profile, Research), is leaving the investment bank to set up his own asset-management shop -- but he won't leave empty handed.
Congo crash toll over 50, but survivor found
Congolese President Joseph Kabila sacked his transport minister on Friday as the death toll from the latest air accident in the central African country rose to more than 50.
Vast African dump poisons children
Willis Ochieng, 10, scavenges through smoking refuse piled as high as a house at one of Africa's biggest rubbish mountains, his friends sitting nearby sucking on dirty plastic bottles of noxious yellow glue.
Chile's CCU to buy Argentine brewer for $88 mln
Chile's leading brewer, CCU, has signed an agreement to buy Argentine brewer Inversora Cervecera (ICSA) for $88 million, CCU said in a statement late on Thursday.
Washington Mutual sees 3rd-qtr profit down 75 pct
Washington Mutual Inc, one of the largest U.S. mortgage lenders, said on Friday it expects a 75 percent drop in quarterly income on losses and write-downs on mortgage loans and securities.
Barclays Bank confident of independent future
Britain's Barclays is confident of an independent future, its chief executive said on Friday, dismissing speculation that its failure to win control of ABN AMRO could leave it vulnerable to takeover.
RIM soars in wake of strong results
Shares of BlackBerry maker Research In Motion Ltd shot up almost 10 percent on Friday as investors digested yet another solid set of quarterly results from the company, as well as a strong forecast for the upcoming quarter.
Myanmar opposition dismisses junta offer to talk
Detained opposition leader Aung San Suu Kyi's party dismissed the Myanmar junta's offer of talks as surreal on Friday, as a U.N. envoy warned of "serious international consequences" from its brutal suppression of pro-democracy protesters.
A Bad Dream for Ships
The dream of a shorter shipping route through melting Arctic ice is, for now, too difficult, too dangerous and totally impractical.
Music industry wins song-download case
The recording industry has won a major fight in its effort to stop illegal music downloading with a U.S. jury decision to impose $222,000 damages against a Minnesota woman who used a Web service to share music.
Merrill to write down $4.5 billion
Merrill Lynch & Co said on Friday it would post a third-quarter loss after writing down $4.5 billion in collateralized debt obligations and subprime mortgage holdings.
Pakistan's Supreme Court puts Musharraf's future on ice
Pakistan's Supreme Court the President could stand for a re-election vote but his eligibility was still in question.
Analyst says Yahoo worth more if broken up
Yahoo Inc would be worth far more to shareholders if it broke up its Internet businesses or embarked on a major overhaul, including a departure from Web search, but management is unlikely to do either, according to an analyst note issued on Friday.
Fed's Kohn: housing, credit woes bode weakness ahead
Federal Reserve Vice Chairman Donald Kohn said on Friday moderate growth should return to the U.S. economy after a period of weakness due to a prolonged housing slump and higher borrowing costs.
Oil falls after dollar jumps on jobs data
Oil fell on Friday after stronger than expected U.S. employment data boosted the weak U.S. dollar.
Bonds beaten down as jobs show sign of life
Treasury debt prices plunged on Friday after a much stronger reading on the labor market suggested the Federal Reserve might not need to cut interest rates later this month.
Job growth rebounds, shows more resilient market
U.S. employers added 110,000 new jobs in September and hiring in the two previous months was revised up strongly, the government said on Friday in a report showing a more resilient labor market than previously thought. The surprisingly robust report on monthly hiring outside the farm sector sent bond prices higher and stock futures soaring.
Barclays concedes defeat in battle for ABN AMRO
Britain's Barclays has conceded defeat in the seven-month battle for Dutch bank ABN AMRO, as rivals led by Royal Bank of Scotland move in to clinch the world's biggest bank takeover.
