U.S. jobless claims tick up slightly
The number of Americans initially applying for unemployment aid last week edged higher after declining steadily in the past two months, the U.S. Labor Department reported Wednesday.
View ArticleWall Street sell-offs extend to sixth day
Wall Street sell-offs continued on Wednesday before the Thanksgiving Holiday, as investors apparently found no reason to buy in the market amid a batch of tepid economic data and European woes.
View ArticleJapan's core CPI falls for 1st time in 4 months in Oct.
Japan's core consumer price index fell 0.1 percent in October from a year earlier, marking the first decline in four months, the Ministry of Internal Affairs and Communications said in a report on Friday.
View ArticleMoody's cuts Hungary's rating with negative outlook
Moody's Investors Service on Thursday downgraded Hungary's government bond rating by one notch to Ba1 from Baa3, and is maintaining a negative outlook.
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Former Olympus CEO confident truth will emerge about money scandal
Former Olympus Corp. CEO Michael Woodford on Thursday said that he believed authorities would uncover the truth about the firm's involvement in covering up massive investment losses dating back to the...
View ArticleChinese automaker Chery's exports to hit all-time high in 2011
China's Chery Automobile Co., Ltd. is expected to export a record 170,000 units of vehicles in 2011, marking the highest annual export figure in the company's history.
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S&P downgrades Belgium's credit rating
The rating agency Standard & Poor's on Friday lowered Belgium's long-term sovereign credit rating from "AA+" to "AA", and gave a negative outlook.
View ArticleDollar rises on European concerns
U.S. dollar rose against major currencies in late New York trading on Friday as investors feared the contagion of euro zone debt crisis.
View ArticleBelgian politicians reach agreement on 2012 budget
Belgian political parties reached an agreement on the 2012 budget Saturday, following the credit-rating downgrade of Standard & Poor's late Friday.
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Eurozone must take steps towards fiscal union without delay
The eurozone must take steps without delay towards a fiscal union to prevent, manage and resolve crises, researchers said.
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Australia's Qantas Airways expects to post up to 187 mln USD profit in H1
Australia's Qantas Airways on Monday said the airline expected to post an underlying net profit before tax of between 138 mln USD to 187 mln USD for the six months to December 2011.
View ArticleBlack Friday online sales leap 26% in U.S.
Online retail sales in the United States on Black Friday jumped 26 percent to reach 816 million U.S. dollars this year, comScore said on Sunday.
View ArticleNikkei opens higher on IMF bailout plan for Italy
Nikkei opened higher Monday as market sentiment was lifted by reports that the International Monetary Fund is planning a bailout for Italy.
View ArticleS Korean banks' BIS capital ratio falls in Q3
The capital adequacy ratio of South Korean banks fell in the third quarter from three months earlier due to weak earnings and growing risk-weighted assets, the financial regulator said Monday.
View ArticleGermany has no "inexhaustible" financial resources: spokesman
Germany declined on Monday repeated calls for more financial support to resolve the eurozone debt crisis, saying it does not have "inexhaustible financial resources".
View ArticleGold jumps 1.5% on Eurozone optimism
Gold futures on the COMEX Division of the New York Mercantile Exchange rallies on Monday, buoyed by optimism about European situation and U.S. sale data over the weekend.
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U.S. stocks end sharply higher on strong holiday sales, European hopes
The U.S. stocks soared on Monday, as investors were encouraged by strong holiday sales and new hopes for a more radical European debt solution.
View ArticleU.S. urges Europe to move with "force and decisiveness" to tackle debt crisis
The White House stated on Monday that it is critical for Europe to move with "force and decisiveness" to fight the deepening sovereign debt crisis in the eurozone.
View ArticleSlovakia's stance on eurobonds negative: Finance Ministry
Slovakia's stance on the introduction of stabilisation bonds or so-called eurobonds is more negative than positive, said Finance Ministry State Secretary Branislav Durajka Monday.
View ArticleFitch keeps U.S. credit rating, lowers outlook
Fitch Ratings on Monday lowered its outlook on U.S. credit rating to "negative", warning to slash U.S. triple-A credit rating if policy-makers failed to agree on a cut plan in 2013 to address the...
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