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Business 12 Oct 2007 | 12:00 AM

US stocks fall

Stocks in the U.S. retreated from lofty heights Thursday after a European Central Bank official pointed to rising price risks and a major Wall Street bank lowered its sales expectations for Chinese Internet company Baidu.com.

Business 05 Oct 2007 | 12:00 AM

European stocks end narrowly mixed

European stocks ended mixed Thursday as both the European Central Bank and Bank of England erred on the side of caution and kept their key interest rates unchanged.

Business 04 Oct 2007 | 12:00 AM

European stocks end higher

LONDON (AP) - Europe's main indexes finished higher Wednesday after Deutsche Bank lifted investor spirits by saying its third-quarter net profit will exceed the year-earlier figure.

Business 02 Oct 2007 | 12:00 AM

A word of caution on sovereign-wealth funds

Just as one of Asia's largestB/B>state owned investment agencies began operations with US$200bil under management on Saturday, European Central Bank (ECB) president Jean-Claude Trichet cautioned that the global economy may suffer if sovereign-wealth funds were not transparent.

Business 28 Sep 2007 | 12:00 AM

European stocks end higher

European stocks rose for a second-straight session Thursday as a report showed U.S. new home sales dropped to their lowest levels in seven years, further bolstering the case for the U.S. Federal Reserve to again lower rates.

Business 24 Sep 2007 | 12:00 AM

First Data loan nears close

Wall Street banks came closer to wrapping up First Data Corp's widely watched buyout loan last Friday, though another large buyout, of audio equipment maker Harman International Industries, appeared to be in jeopardy.

Business 06 Sep 2007 | 12:00 AM

European stocks end lower led by banks and automakers

LONDON (AP) - Banks and automakers ranked among the biggest decliners in Europe on Wednesday, as equity markets traded broadly lower.

Business 06 Sep 2007 | 12:00 AM

US stocks decline

Stocks finished sharply lower Wednesday as a jittery Wall Street sold off on a report showing a large drop in pending home sales and read anecdotal data from the Federal Reserve's regional banks as offering little more assurance that an interest rate cut is likely.

Business 25 Aug 2007 | 12:00 AM

Higher Asian banks’ exposure

Three Asian banks' heavy exposure to the limping US home-loan sector reinforced global credit jitters but Germany and Italy saw no signs of new problems.

Business 24 Aug 2007 | 12:00 AM

BoJ holds rates, warns market turmoil will linger

Global financial turmoil prompted the Bank of Japan to hold rates yesterday and warn that the tremors would take time to settle, as stock markets climbed in spite of fresh strife stemming from the ravaged US home loan market.