Oct 29, 2012 05:03 EDT
Asian markets were mostly lower on Monday as better-than-expected US growth data failed to offset concerns over corporate earnings.
Oct 29, 2012 03:06 EDT
Moody's Investors Service on Monday raised the Philippines' sovereign credit rating to one notch below investment grade, citing the country's strong economic prospects and stable financial system.
Oct 28, 2012 14:49 EDT
China Southern Airlines, the country's largest airline by fleet size, said Sunday its third quarter net profit fell 29 percent compared to a year earlier due to foreign exchange losses.
Oct 26, 2012 13:10 EDT
Stocks in London closed flat on Friday despite afternoon gains sparked by figures showing a pick up in the US growth rate, traders said.
Oct 26, 2012 07:51 EDT
European stock markets fell on Friday on weak US earnings, while the euro slid against the dollar as Spain said its unemployment rate had reached 25 percent for the first time, traders said.
Oct 25, 2012 16:03 EDT
Some of the biggest names in US industry are cutting back staff and shutting plants in Europe as the continent is buffeted by grinding recession and a never-ending financial crisis.
Oct 25, 2012 12:37 EDT
Stocks in London were little changed on Thursday, but the pound gained ground after data showed that Britain had marched smartly out of recession, news that offset a sharp drop in profit at Spanish banking giant Santander.
Oct 25, 2012 11:30 EDT
An adviser to President Barack Obama warned Wednesday that Mitt Romney could set off tensions with China if elected, as the Republican challenger vowed a tough line on issues from trade to human rights.
Oct 22, 2012 06:53 EDT
Asian shares were mixed on Monday as lingering hopes for the global economy were offset by profit-taking after last week's healthy gains, while heavy losses on Wall Street added to selling pressure.
Oct 22, 2012 05:43 EDT
The Hong Kong dollar on Monday continued to sit at the high end of its trading range against the US dollar despite an intervention late last week by the city's de facto central bank to weaken the unit.
Oct 21, 2012 14:25 EDT
Gambia on Sunday warned banks and businesses against hoarding foreign cash, saying stockpiling currency was illegal and causing prices to rise.
Oct 21, 2012 02:28 EDT
The Hong Kong Monetary Authority has sold $603 million worth of Hong Kong dollars in the foreign exchange market in an effort to curb the currency's rise, a report said.
Oct 19, 2012 12:19 EDT
Stocks in London ended in the red on Friday, hit by a lack of rapid progress towards full banking union at a key EU summit.
Oct 19, 2012 06:50 EDT
Asian markets were mixed on Friday as a week-long rally fuelled by upbeat data out of China and rising hopes for the future of the eurozone was stalled by profit-taking.
Oct 18, 2012 13:06 EDT
Stocks in London rose for the fourth straight day Thursday on growing confidence in Europe as a key summit got underway in Brussels with investors anticipating an improvement in Spain's financial situation.
Oct 18, 2012 07:37 EDT
European stock markets mostly fell on Thursday and the euro dipped versus the dollar before a key EU summit and amid mixed economic news for debt-riddled Spain as it faces heightened bailout speculation.
Oct 17, 2012 16:50 EDT
US stocks fought off early selling pressure linked to disappointing quarterly results from IBM and Intel to close broadly higher Wednesday, extending two days of solid gains.
Oct 17, 2012 12:38 EDT
London's FTSE 100 advanced for the third day running on Tuesday amid easing eurozone debt crisis concerns ahead of a two-day EU summit.
Oct 16, 2012 11:56 EDT
Iraq's cabinet named an interim central bank chief on Tuesday after the bank's well-respected governor, who was on an overseas trip, was suspended amid a currency manipulation probe.
Oct 16, 2012 06:42 EDT
Asian markets rose on Tuesday in response to a strong showing on Wall Street after another round of upbeat data raised hopes for the US economy.