Mitsubishi UFJ Financial Group, Japan's biggest bank, said on Monday it will raise up to $10.6 billion by issuing new shares, the latest sign that a free-falling stock market is likely to
European shares plumbed fresh 5-1/2 year lows on Monday, echoing a slide in Asia prompted by a surge in the yen as investors feared a barrage of central bank support would not
Hungary has reached agreement with the International Monetary Fund and European Union on a broad economic rescue package, including substantial financing, to stabilize its economy rocked by the global financial crisis, the
Japanese stocks tumbled to 26-year lows on Monday and most other Asian markets fell heavily in chaotic trade as investors feared a flurry of central bank moves would not be enough to
European shares fell to their lowest close since mid-2003 on Friday, with investors rattled by official data that showed that Europe's economy was plunging into a recession. The FTSEurofirst 300 index of
The world financial crisis may be hurting the West but Iranian officials should not revel in the woes of their opponents because Tehran is also being hit by falling oil prices, a
Global stock markets plunged on Friday and currency markets were hit by a flight from risk as economic decline and corporate damage gripped investors. Wall Street stock index futures, pointing to large
Britain's top share index tumbled 7 percent, touching its lowest in 5-1/2 years by midday on Friday, headed by energy stocks as weak growth data further deepened the gloom surrounding the UK
Microsoft Corp reported better than expected quarterly profit and reduced its outlook less than many investors had feared in the face of tough economic conditions. While demand for its products softened near the
A Bear Stearns mortgage portfolio backed by the U.S. government racked up $2.7 billion of losses in the third quarter, amounting to a 9 percent decline on about $30 billion of assets,
