Retail sales suffer record drop

U.S. retail sales in October suffered the worst monthly drop on record as more Americans shunned discretionary purchases amid accelerating job losses in a […]

`Panic' Strikes East Europe Borrowers as Banks Cut Franc Loans

Imre Apostagi says the hospital upgrade he's overseeing has stalled because his employer in Budapest can't get a foreign-currency loan.
The company borrows in […]

Dave Croft Motors files Chapter 11 bankruptcy

Dave Croft Motors filed for Chapter 11 bankruptcy protection Wednesday but plans to remain open as it attempts to reorganize.
In filings in U.S. […]

Asian Development Bank Asia GDP Forecasts to 2009 (Table)

Following is a table of forecasts for annual economic growth rates for Asia through 2009 from the Asian Development Bank in Manila.
Source

Bernanke

Policy makers in emerging economies from Russia to Vietnam may have to start acting less like Ben S. Bernanke and more like Paul Volcker […]

Fortis bank to scrap dividends

Dutch bank Fortis will issue $2.35 billion in new shares and scrap cash dividends for the year to shore up its balance sheet.
Fortis was […]

Taiwan May Raise Interest Rate to 7-Year High to Cool Inflation

Taiwan's central bank will probably raise the benchmark interest rate to the highest in more than seven years to damp inflation.
Governor Perng Fai-nan […]

Halliburton abandons Expro bid

U.S. oil services company Halliburton Co. gave up its pursuit of Expro International Group PLC on Monday, after the British company stuck by its […]

Saks net surges 66% on discounts

Saks Inc., the operator of luxury chain Saks Fifth Avenue, reported Tuesday a 66% increase in first-quarter earnings compared with year-ago results depressed by […]

Student loan bill goes to president

Congress gave final approval Thursday to legislation aimed at ensuring the problems in the credit markets don’t prevent students from getting college loans.
The House […]