The Japanese government launched on Tuesday a $16.7 billion scheme to buy shares in companies whose future has been threatened by the financial crisis, in a new move to ease the credit
Japan's ruling and opposition parties bickered over a $5.4 billion extra budget to fund government stimulus plans on Tuesday, in another sign of deadlock in parliament amid a deepening recession. Prime Minister
Timothy Geithner won confirmation as U.S. Treasury secretary on Monday and vowed to act quickly to protect the U.S. economy from the worst financial crisis since the Great Depression. "We are at
Asian stocks rose on Tuesday, with Japan's benchmark index jumping more than 3 percent following a gain in U.S. markets and as exporters rebounded on a weaker yen. The yen extended losses
Europe's crisis-hit banks unveiled further job cuts and billions of euros more in losses on Monday but shares in ING and Barclays led a share recovery on hopes they are getting to
Toyota Motor expects to produce 6.5 million vehicles globally on a parent company basis this year, down more than 20 percent from an estimated 8.2 million last year, the Chunichi newspaper reported.
Intel Corp Chairman Craig Barrett, the courtly former academic credited with building the company into the world's foremost chip maker, will retire in May after 35 years at the company. Barrett, who
Crisis-hit European banks announced losses and job cuts on Monday, including a shake-up at Dutch financial group ING and a worse-than-expected final quarter from top French bank BNP Paribas. France's biggest bank
Royal Bank of Scotland's (RBS) Irish unit, Ulster Bank, said on Monday it was merging with its sister lender First Active resulting in the loss of up to 750 jobs. Ulster Bank
Japan's Nikkei stock average hit a nearly three-month closing low in thin trade on Monday, sliding 0.8 percent on earnings concerns after Komatsu Corp issued a profit warning and the dollar pared
