– Japan sank deeper into recession with industrial output tumbling and inflation slipping to almost zero, while U.S. data later on Friday was also expected to mirror the worsening financial crisis. Japan's
Japanese stocks fell on Friday and the yen and U.S. dollar rose as investors retreated to safety with job losses and collapsing manufacturing deepening a global recession while Washington scrambled to salvage
European shares extended losses on Thursday afternoon, after a downbeat start to trading on Wall Street, with new claims for U.S. unemployment benefit coming in slightly higher than expected. At 1433 GMT,
Turkey and the International Monetary Fund failed to break an impasse over a loan deal on Thursday and Russian state bank VEB said struggling companies had asked it for $90 billion in
U.S. jobless rolls jumped to a record peak in mid-January, while new orders for durable goods fell for a fifth straight month in December, data showed on Thursday, underscoring the deepening economic
Christmas trading in Britain was not the disaster many analysts had predicted, but with the recession deepening and sterling weak more retailers are likely to go to the wall in 2009. The
Market-related pressures due to the ongoing credit squeeze and the loss of investor confidence also place operational stresses on the hedge fund industry, rather than just financial stresses, Moody's Investors Service said
The dollar and yen were broadly supported on Thursday as fading optimism over the latest U.S. monetary and fiscal stimulus measures prompted investors to seek perceived safer assets as share prices fell.
U.S. government officials seeking to revamp the financial bailout have discussed spending another $1 trillion to $2 trillion to help restore banks to health, the Wall Street Journal said, citing people familiar
International bank lending decreased by its sharpest rate for at least 30 years in the third quarter of 2008 as the financial crisis restrained credit, the Bank for International Settlements said on
