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Panic strangles Asia stocks

HONG KONG (Reuters) - Asian stocks plunged on Friday, with Japan’s Nikkei down more than 10 percent, while the yen and U.S. Treasuries rose, as panic ripped through markets and investors shrugged off …

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Panic strangles Asia stocks

Citi ends talks with Wells Fargo on Wachovia

NEW YORK (Reuters) - Citigroup abandoned its brief but acrimonious battle with Wells Fargo & Co over Wachovia Corp , one of the United States’ largest banks, losing out …

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Citi ends talks with Wells Fargo on Wachovia

IMF readies emergency bailouts

WASHINGTON (Reuters) - The International Monetary Fund said on Thursday it was ready to lend to countries hit by the global credit crunch and had activated an emergency financing mechanism first used in the 1990s Asian crisis.

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IMF readies emergency bailouts

Oil hits one-year low on fears of demand slump

SINGAPORE (Reuters) - Oil prices fell $3 to a fresh one-year low below $84 a barrel on Friday, as fears that market turmoil will send demand for fuel slumping outweighed news that OPEC will hold an extraordinary meeting in November.

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Oil hits one-year low on fears of demand slump

Oil hits 12-month low as markets tumble

TOKYO (Reuters) - Oil prices fell to a new 12-month low below $84 on Friday, as a continued market slide stirred demand concerns and outweighed calls by some OPEC members to cut output to prop up prices.

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Oil hits 12-month low as markets tumble

Stocks drop as panic sparks scramble for cash

HONG KONG (Reuters) - Asia stocks dropped sharply on Friday, with Japan’s Nikkei plunging 11 percent, while the yen and gold rose on growing fears that no government effort so far has rejuvenated credit markets or kept the global economy from a path to recession.

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Stocks drop as panic sparks scramble for cash

IMF readies emergency bailouts for countries

WASHINGTON (Reuters) - The International Monetary Fund said on Thursday it was ready to lend to countries hit by the global credit crunch and had activated an emergency financing mechanism first used in the 1990s Asian crisis.

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IMF readies emergency bailouts for countries

Stocks plummet as U.S. and Netherlands ready bank funds

NEW YORK/WASHINGTON (Reuters) - Fear-driven selling sent U.S. stocks plummeting to five-year lows on Thursday, the eve of a G7 meeting of economic powers to try to halt a global spiral of financial distress and slowing growth.

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Stocks plummet as U.S. and Netherlands ready bank funds

Wachovia “pleased” Citigroup ends talks on merger

NEW YORK (Reuters) - Wachovia Corp is pleased Citigroup had ended efforts to stop it from merging with Wells Fargo & CO …

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Wachovia “pleased” Citigroup ends talks on merger

U.S. clothing chains stumble as shoppers cut back

NEW YORK (Reuters) - U.S. clothing retailers reported dismal same-store sales results for September as the global financial crisis further squeezed consumers who were already cutting back because of the weak economy.

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U.S. clothing chains stumble as shoppers cut back