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Worst month in 12 years for Euro zone manufacturers
Euro zone manufacturers had their worst month in at least 12 years in February as a recession showed no signs of easing and they slashed jobs, a private sector business survey showed yesterday.
Japan deeper into recession
Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed yesterday, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
Malaysia and China establish currency swap
The People's Bank of China and Bank Negara announced the establishment of a bilateral currency swap arrangement designed to promote trade and investment between China and Malaysia.
Asian stocks rise amid US stimulus hopes
Asian stocks climbed Friday, with benchmarks in Tokyo and Hong Kong up more than 1 percent, amid hopes massive stimulus measures in the U.S. and beyond will mitigate the worst global slowdown in decades.
Banking authorities reject idea of raising capital requirements
RAISING capital requirements for banks in the midst of the financial crisis would make matters worse and banking authorities oppose the idea, European Central Bank (ECB) president Jean-Claude Trichet said on Thursday.
How low can they go?
In the face of increasingly challenging economic times, interest rates the world over are doing the 'limbo rock'. They are going lower and lower. So, how low can they go?
EU: recession will be deep and long-lasting
The European Union said Monday it is facing a ''deep and protracted recession'' and slashed growth forecasts, while Britain announced its second massive bank bailout in just over three months in another wave of bad economic news in Europe.
World stocks drop amid mounting economic gloom
World stock markets dived Thursday, particularly in Asia where investors played catch-up with previous losses in Europe and the US, after dismal U.S. retail sales data and fresh worries about the global banking system.
Commodities slump on firm US$, demand concerns
NEW YORK (AP) - An advance in the dollar, compounded by heightened concerns about a sharp drop in demand for raw materials, sent commodities prices plunging Monday.
