Stocks slid on Thursday with the Dow and S&P falling to 12-year lows as General Motors' warning of possible bankruptcy and concerns about the banking system's fate reinforced investors' reluctance to take on risk.
The chairman of Citic Group, China's top financial conglomerate, said on Thursday Spain's second-largest bank, BBVA, has a strong desire to raise its stake in CITIC Bank.
China Premier Wen Jiabao made a new overture to Taiwan on Thursday, saying Beijing was ready to create the conditions needed to reach a peace agreement with the neighboring self-ruled island China claims as its own.
Premier Wen Jiabao said China would ramp up deficit spending this year to hit its all-important 8 percent growth target but did not announce an increase in an already-huge two-year economic stimulus plan that markets had craved.
Sudan's president told thousands of cheering supporters Thursday an international call for his arrest on war crimes charges was a ploy by western nations set on grabbing the country's oil.
Oil fell more than a dollar to below $44 on Thursday as a record drop in euro zone economic performance heightened expectations that fuel consumption would shrink further.
Oil fell more than a dollar toward $44 on Thursday, after surging nearly 9 percent in the previous session on a surprise drop in U.S. crude stocks that could signal recovering demand in the top energy consumer.
The euro and European shares slipped on Thursday ahead of expected interest rate cuts by the euro zone and British central banks, while Asian shares dipped on disappointment China did not announce new stimulus plans.
The euro and sterling slipped on Thursday ahead of expected rate cuts in Europe and the UK, while most Asian stock markets gave up early gains on disappointment that China did not announce new stimulus plans.
Oil eased below $45 on Thursday, after surging nearly 9 percent overnight on government data showing a surprise drop in U.S. crude stocks, which could signal recovering demand in the world's top energy consumer.
Asian stocks extended gains on Thursday on hopes that a revival in China will support the weak global economy, while the euro fell on expectations the European Central Bank will cut rates to an all-time low later in the day.
Oil hovered above $45 on Thursday, after surging nearly 9 percent overnight on government data showing a surprise drop in U.S. crude stocks, which could signal recovering demand in the world's top energy consumer.
Oil hovered below $45 on Thursday, after surging nearly 9 percent overnight on government data showing a surprise drop in U.S. crude stocks, which could signal recovering demand in the world's top energy consumer.
Seoul shares are set to rise on Thursday after solid gains on Wall Street, with news that an additional Chinese stimulus package is in the works likely to boost sentiment and eyes on the won currency.
Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.
Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.
Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.
Royal Bank of Scotland said on Wednesday it plans to sell the retail and commercial banking businesses of newly-acquired ABN AMRO China, part of efforts to exit from these operations in Asia.
Oil settled nearly 9 percent higher on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.
Stocks rallied on Wednesday as shares at 12-year lows lured investors to break a five-day sell-off and a jump in oil and other commodities boosted energy and natural resource companies.
Oil rose over 7 percent on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.
Oil rose over 6 percent on Wednesday after data showed an unexpected drop in U.S. crude stocks and an increase in gasoline demand.
