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Business 03 Jul 2008 | 12:00 AM

US and UK asked to overhaul outdated banking regulations

LONDON (AP) - The United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence, U.S. Treasury Secretary Henry Paulson said Wednesday in London.

World 11 Jul 2008 | 12:00 AM

It's the summer-time blues for Obama, McCain

WASHINGTON (Reuters) - It is the summer-time blues for both Democrat Barack Obama and Republican John McCain.

World 11 Jul 2008 | 12:00 AM

It's the summer-time blues for Obama, McCain

WASHINGTON (Reuters) - It is the summer-time blues for both Democrat Barack Obama and Republican John McCain.

Business 23 Jul 2008 | 12:00 AM

Wachovia second quarter loss at US$8.9bil

Wachovia Corp yesterday posted an US$8.86bil second-quarter loss, slashed its dividend, and announced 6,350 job cuts after losses tied to mortgages soared.

Business 01 Aug 2008 | 12:00 AM

Suzuki and Mazda post lower first quarter profits

Suzuki Motor Corp and Mazda Motor Corp reported weaker quarterly profits that fell largely within expectations and they kept their forecasts intact, leaving a comfortable currency buffer against looming headwinds.

Business 13 Aug 2008 | 12:00 AM

Australian bank posts 7% rise in annual profit

SYDNEY (AP) - Australia's largest bank by market value, Commonwealth Bank of Australia Ltd., posted on Wednesday a 7 percent rise in annual profit and forecast the local economy to grow modestly amid continued headwinds from the global credit crunch.

Business 13 Aug 2008 | 12:00 AM

Ford exec says company can weather downturn

TRAVERSE CITY, Michigan (AP) - Despite the headwinds of a slumping U.S. economy, tight credit, high gasoline prices and declining home values, Ford Motor Co.'s top American executive said he is confident the company has enough cash to weather losses and make a profit again.

Business 21 Aug 2008 | 12:00 AM

Glove makers brace for tougher times

Rubber glove manufacturers are expected to deliver a fairly bouncy growth for the June quarter in spite of record latex and synthetic rubber prices.

Business 25 Aug 2008 | 12:00 AM

Cheap stocks all over

Corporate earnings in this results season were commendable in many cases but there was barely recognition in the stock market. That would have to await a flow-back of foreign funds

World 05 Sep 2008 | 12:00 AM

Aso, six others line up so far in Japan PM race

TOKYO (Reuters) - Former foreign minister Taro Aso, frontrunner to become Japan's next leader, faced a growing field of six would-be rivals on Friday, as the ruling party hoped a vibrant leadership race would revive its dismal voter ratings.