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Asian shares gain but economy fears remain

HONG KONG (Reuters) - Asian shares gained tentatively on Friday, recovering some of the steep losses in the prior session, after encouraging earnings signals from technology firms such as IBM eased some of the concerns over a global recession.

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Asian shares gain but economy fears remain

Oil jumps more than 4 percent on late rally

SINGAPORE (Reuters) - Oil rose more than $3 on Friday, rebounding from a 15-month low below $70 on a late rally on Wall Street and growing expectations of an OPEC production cut.

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Oil jumps more than 4 percent on late rally

IHG says downturn may hit new hotel pipeline

LONDON (Reuters) - Intercontinental Hotels Group has said its pipeline of new developments may be hit by the global economic downturn, though it expects rivals to suffer more, the Financial Times reported on Friday.

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IHG says downturn may hit new hotel pipeline

Bank system seen past danger point

LONDON (Reuters) - The global banking system is past the danger of systemic meltdown following government intervention, but there will still be economic consequences, the chairman of the Financial Services Authority said on Friday.

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Bank system seen past danger point

Bank system seen past danger point

LONDON (Reuters) - The global banking system is past the danger of systemic meltdown following government intervention, but there will still be economic consequences, the chairman of the Financial Services Authority said on Friday.

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Bank system seen past danger point

Recession looms despite interventions

NEW YORK (Reuters) - Government steps to shore up the banking system and unfreeze credit markets showed some signs of progress on Thursday, but grim news from major economies reinforced fears of recession and hammered global markets.

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Recession looms despite interventions

U.S. stocks rally after wild session

NEW YORK (Reuters) - U.S. stocks jumped in a late surge on Thursday, as investors snapped up battered stocks a day after Wall Street’s worst session since the 1987 crash, while oil slid below $70 a barrel for the first time since August 2007.

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U.S. stocks rally after wild session

Wall St ends up despite recession fears

NEW YORK (Reuters) - U.S. stocks bucked the global trend to end higher on Thursday, despite news of huge losses at major U.S. banks, layoffs in the auto-industry and a slowdown in industrial production, all reinforcing fears of recession.

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Wall St ends up despite recession fears

EU vows to shield economy from crisis

BRUSSELS (Reuters) - European Union leaders vowed action on Thursday to underpin growth and jobs threatened by the global financial crisis, but ruled out spending their way out of recession with a Europe-wide stimulus package.

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EU vows to shield economy from crisis

Oil drops 6 percent on demand

NEW YORK (Reuters) - Oil fell more than 6 percent to below $70 a barrel on Thursday, touching a 15-month low on rising U.S. inventories and concerns …

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Oil drops 6 percent on demand