The euro hit a two-week low against the yen on Monday and struggled versus the dollar as weak global shares and oil prices ruined traders' appetite for risk and battered currencies seen to be high-risk.
Hennes & Mauritz , the world's third-biggest clothing retailer, reported on Monday a bigger-than-expected 3 percent drop in year-on-year sales at established stores in July.
Asian stocks tumbled to their lowest level in over two weeks on Monday as investors raked in profits amid gloomy U.S. consumer data and a growing belief that market valuations had overtaken economic fundamentals.
J.C. Penney Co Inc posted a smaller-than-expected net loss on Friday as it reined in costs, but the retailer indicated full-year profit might miss expectations, sending its shares down nearly 5 percent.
Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.
Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.
Kohl's Corp issued a disappointing outlook for the rest of 2009 on Thursday, citing higher costs from opening new stores and persistently frugal shoppers, and shares fell 1 percent.
Sales at U.S. retailers unexpectedly fell in July and the number of workers filing new claims for jobless benefits rose last week, indicating the recession-hit economy faced a bumpy recovery.
Macy's Inc posted a better-than-expected quarterly profit on Wednesday as it cut costs in the recession, but the department store operator's shares fell 2.2 percent in premarket trading as it offered a full-year earnings outlook that could miss Wall Street estimates.
Asian shares sagged on Wednesday after losses on Wall Street and as investors locked in profits as they waited to hear what the U.S. Federal Reserve would say about prospects for recovery in the world's largest economy.
Shares of CIT Group Inc sank 20 percent on Tuesday after the troubled lender delayed filing its second-quarter report with regulators and again warned it may have to file for bankruptcy.
Canadian housing starts fell unexpectedly in July, dropping 4.1 percent from June and breaking a two-month run of gains, largely because of a drop in construction of multifamily dwellings.
The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.
The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.
The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.
Oil prices dipped toward $70 a barrel on Monday tracking modest Wall Street losses on the eve of a meeting of the U.S. Federal Reserve, and after OPEC's president said current prices are not bad.
Former U.S. Treasury Secretary Henry Paulson had frequent conversations with Goldman Sachs Group Inc's chief executive during last fall's financial crisis, raising questions about his ties to his former firm, according to a New York Times report.
The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, providing the clearest indication yet that the economy was turning around.
U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to a government report on Friday that provided the clearest evidence yet that the economy was turning around.
U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to data on Friday that provided the clearest evidence yet that the economy was turning around.
The number of U.S. workers submitting new claims for jobless benefits fell sharply last week, fanning hopes the fragile labor market was on the mend and that the broader economy was stabilizing.
The number of U.S. workers filing new claims for jobless benefits dropped more sharply-than-expected last week, a government report showed on Thursday, boosting views that the labor market and the economy were stabilizing.
