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Business

Asia shares up Monday on hopes for Europe crisis plan

SINGAPORE Oct 17 (Reuters) Asian shares rose on Monday and the euro held firm amid hopes that a crucial week for the euro zone crisis will see policymakers finally come up with a comprehensive plan to resolve the region's debt woes and recapitalise its banks.

Business

Asia shares edge lower on caution over global growth

TOKYO, Oct 14 (Reuters) Asian shares inched down on Friday, tracking New York and European shares lower as weak Chinese trade data raised concerns about the global economy, while the euro eased after another sovereign debt ratings downgrade.

Business

Global markets edge up on euro zone hopes(update)

SINGAPORE, Oct 10 (Reuters) The euro rose on Monday after the leaders of France and Germany pledged to unveil a plan to solve the euro zone's sovereign debt crisis by the end of the month, but Asian shares struggled to make gains as Hong Kong and China stocks dragged.

Business

Stocks: US up for 3rd day, Asia up Friday

NEW YORK: Stocks rose for a third day in a row on Thursday as developing euro zone plans to backstop European banks gave investors hope the threat of a financial crisis was waning.

Business

Poll: Global stocks recovery next year from nightmarish 2011

LONDON (Reuters) - World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major stock indexes ending 2011 in the red.

Business

Asia stocks fall in worst month since Oct 2008(update)

HONG KONG: Asian stocks fell on Friday, extending the worst monthly performance since the most volatile days of the global financial crisis in October 2008, with Chinese shares racking up sharp losses.

Business

Asian equities steady Friday after rise

HONG KONG (Reuters) - Asian stocks steadied on Friday with big gains unlikely as investors looked to take profits after three days of gains, while the euro held its tiny increase following Germany's approval to expand the euro zone bailout fund.

Business

Advanced nations forecast to stall, emerging economies likely to maintain faster growth

WASHINGTON: Pacific Investment Management Co (Pimco), which runs the world's biggest bond fund, is forecasting that advanced economies will stall over the next year as Europe slides into a recession, underscoring mounting investor concern about the global economic outlook.

Business

Inflation may have peaked

WASHINGTON DC: Malaysia's inflation has probably peaked and price pressures may ease as the global economy deteriorates, said central bank governor Tan Sri Zeti Akhtar Aziz, joining neighbours in signalling less pressure to tighten policy.

Business

Finance stocks hardest hit

PETALING JAYA: Finance stocks lead declines on Bursa Malaysia with the country's largest bank, Malayan Banking Bhd (Maybank) losing RM3.06bil of its market capitalisation of RM62.81bil on Thursday, as it succumbed to the bearish sentiments dominating markets globally.