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Asian stocks slide led by Tokyo on worries
Asian stocks slid in early Thursday trading as gyrations on the Tokyo market, the region's biggest, continued — fueled by worries about a surging yen and monetary policies in the U.S. and Japan. Japanese media reports said overseas hedge funds may be dumping Japan's equities following a disappointment earlier in ...
US budget deficit widens $139 billion in May
The government reported Wednesday that the U.S. budget deficit widened in May by $139 billion. But the annual deficit stayed on track to finish below $1 trillion for the first time since 2008. Steady economic growth and higher tax rates have boosted the government's tax revenue. At the same time, ...
Stocks slide on Wall Street; Dow below 15,000
The stock market ended lower Wednesday as traders looked ahead to a critical Federal Reserve meeting next week. Without any major economic news, traders grappled with the question hanging over financial markets: When will the Fed and other central banks pull back their economic stimulus programs? The Dow Jones industrial ...
CEO of bailed-out Royal Bank of Scotland to leave
Bailed-out U.K. lender Royal Bank of Scotland said Wednesday that Stephen Hester will step down as chief executive later this year — a move that creates some uncertainty as the bank prepares to return to the private sector. The board of the bank, which is 81 percent owned by the ...
Stocks slide on Wall Street; Dow below 15,000
Video-game shops, restaurants and retailers led the stock market lower Wednesday. Without any good news to drive the market up, investors grappled with the question hanging over financial markets: When will the Federal Reserve and other central banks pull back their economic stimulus programs? Markets have turned turbulent in recent ...
ECB official defends crisis measures in court
A top European Central Bank official rejected accusations that the bank had exceeded its powers while fighting the financial crisis, telling Germany's supreme court its bond-buying program is only meant to ensure its monetary policy works. The Federal Constitutional Court was holding a second day of hearings to weigh allegations ...
Asian markets down on concern about Japan, US
Asian stocks fell Wednesday amid concern about a lack of new Japanese moves to calm bond markets and uncertainty about the outlook for U.S. monetary policy. Oil prices fell to below $95 per barrel amid concern central bankers around the world might ease off measures to boost the global economy. ...
US stocks end a choppy day with a loss
Renewed concerns that central banks will ease off their support for the global economy hit the U.S. stock market Tuesday. Indexes began sliding from the opening bell. Before U.S. markets opened, Asia and then Europe had already fallen, rattled by the Bank of Japan's decision not to take new steps ...
Nicaragua rushes on for canal deal with Chinese
Nicaragua is plowing ahead with a plan to dig a Chinese-funded rival to the Panama Canal across the midriff of the country, fast-tracking a proposal through the ruling party-controlled congress despite a lack of details about the $40 billion project. A China-based consortium says it will finance the project and ...
US stocks end a choppy day with a loss
Stocks are ending lower after a volatile day as investors position themselves for less economic stimulus from central banks. The Dow Jones industrial average fell 116 points to close at 15,122 Tuesday, a loss of 0.8 percent. The index moved up and down sharply during the day. A key focus ...
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