Global credit quality continued its negative trajectory during the fourth quarter of 2008, according to Moody's Investors Service. The upgrade-downgrade ratio was 0.07 during the fourth quarter and 0.24 for 2008 overall,
Bank of America Corp will receive $20 billion in fresh government investments and a federal backstop against $118 billion of bad assets it holds to help it absorb Merrill Lynch & Co,
Asian stocks rose and government bonds fell on Friday, after Washington said it would support Bank of America's purchase of Merrill Lynch with cash and a promise to share losses, removing a
No other item on Barack Obama's agenda for his first 100 days comes close in importance to putting the ailing economy back on a sound footing. With no time to spare, he
Russia's rouble hit historic lows versus the dollar and the euro on Thursday as the authorities sped ahead with a devaluation of the currency to adjust to lower oil prices and the
Democratic leaders in the U.S. House of Representatives will push for quick passage of a $825 billion economic stimulus bill being unveiled on Thursday. The massive bill will contain $550 billion in
Job losses in the moribund U.S. economy mounted last week and manufacturing remained in dire straits this month, while other data on Thursday showed the threat of deflation persisted in December. The
The Cyprus Securities & Exchange Commission has forward a public statement of the Committee of Experts of the Council of Europe on the Evaluation of Anti-Money Laundering and the Financing of Terrorism
World stocks hit a one-month low on Thursday while the yen rallied and Japanese bond futures rose to their highest since Lehman Brothers collapsed in September as concerns grew over the banking
Apple Inc chief and tech visionary Steve Jobs will take a leave of absence till end-June because of health problems "more complex" than thought, backtracking on reassurances, stunning investors and sending its
