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- Argentina's bonds and stocks plunged for a second day as a planned government takeover of $US29 billion of pension funds stoked concern the South American country is headed for its second default this decade. President Cristina Fernandez de Kirchner ...
- Oct. 23 (Bloomberg) -- Financing costs in Asia may extend declines after borrowing costs in London fell for an eighth day, the longest run of reductions since May, as a $540 billion Federal Reserve program resuscitated U.S. corporate borrowing. The ...
- A jump in global sales boosted McDonald's Corp.'s third-quarter profit by 11 percent, the company said Wednesday, a bright spot among restaurant companies as strapped consumers balk at spending their cash on dining out. The nation's No. 1 hamburger ...
- BEIRUT: It sounds like the plot of a cheap airport thriller, in which undercover agents discover South American drug barons channeling their profits to Islamist groups half a world away. But Colombian and US investigators said Tuesday that they have ...
- Citic Pacific (SEHK: 0267 ) is being investigated by Hong Kong's securities watchdog after revelations of unauthorised currency deals slashed HK$21.07 billion from the state-owned company's market value over two days. The Securities and Futures ...
- Oct. 22 (Bloomberg) -- The euro fell below $1.28 for the first time since November 2006 and the pound tumbled to a five- year low on speculation Europe's central banks will cut interest rates as the global economy heads for a recession. The single ...
- SEOUL : South Korea moved to shore up its banks on Sunday, adding to global efforts to tackle the worst financial crisis since the Great Depression, which has ravaged stock markets and economies around the world. The government announced a 130 ...
- South Korea's Finance Minister Kang Man-soo (C), Governor of the Bank of Korea, Lee Seong-tae (L) and chairman of the Financial Services Commission, Jun Kwang-woo try to shake hands as they pose for photographers after a news conference at a main ...
- SINGAPORE (Reuters) - South Korea joined worldwide efforts to shore up banks and markets pummelled by the biggest economic crisis since the Great Depression that world leaders say calls for a coordinated global response. Authorities in Seoul on ...
- SEOUL, Oct 19 (Reuters) - South Korea announced on Sunday sweeping measures to try to rescue its markets dragged down in the global financial crisis, offering a state guarantee on foreign debt and promising to recapitalise financial firms. Asia's ...
- Oct. 17 (Bloomberg) -- The past seven days may become known as the week the world saved globalization. Now comes challenge No. 2: making sure the coming global recession doesn't end the modern era during which world trade, cross-border capital flows ...
- NEW YORK (Reuters) - American International Group (nyse: AIG - news - people ), the insurance giant that drew fire for executive "golden parachutes" and an ill-timed junket even as it receives a massive taxpayer bailout, has agreed to mend its ways ...
- MEXICO CITY, Oct 16 (Reuters) - Mexico's central bank has offered short-term loans to banks and repurchase agreements on a wide variety of securities to pump liquidity into the banking system this week, according to a central bank document obtained ...
- LONDON, Oct 16 (Reuters) - The Bank of England's daily auction of $10 billion pounds in overnight dollar loans was slightly undersubscribed on Thursday, with banks bidding for just $9.288 billion of cash. The BoE said that gave a cover ratio of 0.93 ...
- OTTAWA, Oct 15 (Reuters) - The Bank of Canada pumped C$10 billion ($8.5 billion) into one-month money markets on Wednesday, following through on commitments at the G7 to do whatever it takes to unlock credit flows in the financial system. The ...
- OTTAWA (Reuters) - The Bank of Canada pumped C$10 billion ($8.5 billion) into one-month money markets on Wednesday, following through on commitments at the G7 to do whatever it takes to unlock credit flows in the financial system. The liquidity ...
- NEW YORK, Oct 13 (Reuters) - Trash hauler Waste Management Inc (WMI.N: Quote , Profile , Research , Stock Buzz ) and manufacturer United Technologies Corp (UTX.N: Quote , Profile , Research , Stock Buzz ) both withdrew multibillion-dollar acquisition ...
- The announcements come after a weekend summit of eurozone leaders. Germany, France and Spain have announced multi-billion euro rescue schemes to shore up their banks. Germany has approved a package worth up to 500bn euros (£393bn; $683bn), France ...
- Major European economies have announced multi-billion euro rescue schemes to shore up their banks. Germany has approved a package worth up to 500bn euros (£393bn; $683bn), France will spend about 350bn euros and Spain has set aside 100bn euros. The ...
- TOKYO, Oct 13 (Reuters) - Japan said on Monday it was considering whether to guarantee all bank deposits, while the central bank said it may join further global efforts to boost dollar funding to strained money markets to help ease the financial ...
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