Result Page 156 for Latest Global Markets News & Archive

S&P says company loan defaults could accelerate

Corporate default rates could accelerate from next year as the recent turmoil in credit markets has erased the appetite for risky investments, ratings agency Standard & Poor's said in a report.

Stocks set to fall, Texas Instruments eyed

Stock index futures pointed to a weaker market open on Wednesday, with Texas Instruments in focus after the chipmaker left its outlook steady.

Dollar hits record lows as rate cut expected

The dollar fell to a record low against the euro on Wednesday as an expected interest rate cut next week from the Federal Reserve continued to erode the U.S. currency's appeal.

Japanese stocks close down after PM resignation

Japanese stocks ended in negative territory on Wednesday after the shock resignation of Prime Minister Shinzo Abe, with the Nikkei average down 0.5 percent as thin trade and political uncertainty took their toll.

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Market near flat as techs offset credit concern

Stocks closed little changed on Monday as strength in semiconductor stocks tied to Intel Corp.'s higher sales outlook offset lingering concerns about the mortgage market. An afternoon rally fizzled when oil shot to within a whisker of a record, sparking fresh worries that high gasoline costs will squeeze consumer spending.

Chances of recession rise in Blue Chip forecast

The chances of an economic recession are increasing as troubles in the housing sector and credit markets take their toll, according to a survey of economists released on Monday.

Wall Street declines as banks slump

Stocks fell on Monday as bank shares declined on fears of bigger-than-expected loan losses related to housing, while a drop in crude oil prices hurt energy shares.

Citi to list Tokyo shares as early as Nov: sources

Bank Citigroup will list its shares in Tokyo as early as November as part of the financial giant's push into the world's second-largest economy, sources familiar with said.

Expected Fed cut keeps dollar under pressure

The dollar slid to a 15-year low against a basket of currencies on Monday after data showing U.S. employers cut jobs for the first time in four years stoked expectations for a hefty Federal Reserve rate cut this month.

Will stocks sink or swim after jobs data?

Friday's news of a buckling U.S. job market sent stock investors running for the exits, and this week promises to be no less stressful as investors grapple with the increasing possibility of an economic recession.

Dollar hits 15-year low after sharp drop in payrolls

The dollar slid to a 15-year low against major currencies on Friday as data showed U.S. payrolls fell last month for the first time in four years, raising recession fears and pressure for the Federal Reserve to cut interest rates.

Wall Street tumbles after jobs data

Stocks tumbled on Friday, driving major indexes down nearly 2 percent, as data showing the first monthly drop in payrolls in four years stoked fears on Wall Street that the economy was headed into recession.

HSBC shares muted after call for strategy review

Shares in HSBC Holdings nudged higher early on Friday after U.S. activist investor Knight Vinke Asset Management made acall for Europe's biggest bank to review its strategy.

Dollar at 1-month low

The dollar fell to a one-month low on Thursday as rising mortgage delinquencies and ongoing credit concerns stoked fear of slower U.S. economic growth ahead of a keenly awaited employment report.

Bonds dip as rate cut hopes stymied

U.S. stocks and Treasury bond prices fell on Thursday after a stronger-than-expected reading of the U.S. services sector and a lower jobless claims number suggested the U.S. economy may not warrant a Federal Reserve interest-rate cut.

U.S. Stocks advance with biotech, economy optimism

U.S. stocks rose on Thursday, helped by an upbeat earnings outlook and favorable news in the biotech and pharmaceutical sectors, while economic data eased worries about a possible recession.

Nikkei ends up 0.6 pct, telecoms stocks gain

The Nikkei average closed 0.6 percent higher on Thursday, after hitting its lowest level in a week, as telecoms including KDDI Corp gained on a bullish brokerage report and steel stocks rose on better outlooks.

Euro shrugs off on-hold ECB

The euro steadied versus the yen on Thursday after the European Central Bank held rates at 4 percent as expected, as the market awaited a post-decision news conference with ECB President Jean-Claude Trichet.

European stocks, sterling fall after BoE, ECB

European shares fell and sterling slipped after the Bank of England said it was too early to tell how recent market turbulence would affect companies and households, and left interest rates on hold.

Media stocks under pressure

Shares in some of the biggest U.S. entertainment and media companies fell on Wednesday after Goldman Sachs downgraded its view on the sector to cautious from neutral due to concerns about the U.S. economic slowdown.

Wall St. drops on job, housing market stress

Stocks fell on Wednesday after data showed deterioration in the employment and housing markets, underscoring concern that problems of the subprime mortgage market were spreading to the wider economy.

Nikkei falls, property stocks hit but Sony up

The Nikkei average fell 1.6 percent on Wednesday as property shares including Sumitomo Realty & Development fell on concern about a slowing real estate market while worries about subprime debt hurt banks.

European shares fall ahead of data, banks down

European shares fell on Wednesday with financial stocks lower on renewed concern about the extent of the credit crisis. This offset gains in oil stocks while investors turned cautious ahead of U.S. economic data.

Global stocks hit by credit concerns

World stocks slipped and Wall Street looked set for a poor start on Wednesday as investors cut back on risky assets and sought safety to assess how recent market turmoil has affected the real economy.

Sony shares jump on plan to list financial unit

Shares of Sony Corp jumped on Wednesday after the electronics conglomerate said it would list shares of its financial arm on the Tokyo Stock Exchange next month after raising up to $3 billion in an initial public offering to fund its core electronics business.

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