South Korea cuts rates and Obama to talk about crisis

November 6, 2008 on 11:42 pm | In Business News | No Comments

SINGAPORE (Reuters) - South Korea’s central bank, anxious to soothe markets and shore up its economy, cut interest rates for the third time in a month on Friday after a flurry of deep rate cuts across Europe failed to calm panicky investors.

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South Korea cuts rates and Obama to talk about crisis

Oil rebounds above $61 a barrel

November 6, 2008 on 11:15 pm | In Business News | No Comments

PERTH (Reuters) - Oil reversed course and rose above $61 a barrel on Monday, buoyed by a weakening U.S. dollar, but gains were curbed as an increasingly gloomy …

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Oil rebounds above $61 a barrel

Microsoft chief pours cold water on Yahoo interest

November 6, 2008 on 11:11 pm | In Business News | No Comments

SYDNEY (Reuters) - Software giant Microsoft dismissed speculation it might still be interested in a takeover of Internet firm Yahoo .

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Microsoft chief pours cold water on Yahoo interest

Stocks down on grim outlook but policy helps

November 6, 2008 on 11:09 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks fell for a third straight day and oil prices slipped to a 1-1/2-year low below $60 a barrel on Friday in the face of a rapidly slowing global economy, though aggressive policy changes brought markets back from freefall.

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Stocks down on grim outlook but policy helps

Microsoft CEO pours cold water on Yahoo interest

November 6, 2008 on 10:10 pm | In Business News | No Comments

SYDNEY (Reuters) - Software giant Microsoft Corp on Friday dismissed speculation it might still be interested in a takeover of Internet firm Yahoo Inc .

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Microsoft CEO pours cold water on Yahoo interest

U.S. auto CEOs seek $50 bln in federal aid

November 6, 2008 on 10:03 pm | In Business News | No Comments

WASHINGTON (Reuters) - Chief executives of distressed U.S. auto companies sought a $50 billion (32 billion pounds) federal bailout on Thursday to survive a financial crisis blamed on a worsening economy and the “near collapse” in demand for cars.

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U.S. auto CEOs seek $50 bln in federal aid

Oil reverses losses and rises above $61

November 6, 2008 on 9:46 pm | In Business News | No Comments

PERTH (Reuters) - Oil reversed earlier losses and turned positive on Friday, recovering back above $61 a barrel on the back of a weakening U.S. dollar.

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Oil reverses losses and rises above $61

Stocks fall, oil at 1-1/2 yr low on bleak outlook

November 6, 2008 on 9:26 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks fell sharply for a third day and commodity prices tumbled on Friday, as layoffs and corporate profit warnings piled up in the face of a rapidly slowing global economy.

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Stocks fall, oil at 1-1/2 yr low on bleak outlook

Auto CEOs seek Fed borrowing and other aid

November 6, 2008 on 8:47 pm | In Business News | No Comments

WASHINGTON (Reuters) - Top executives of the three U.S. automakers lobbied House Speaker Nancy Pelosi on Thursday for up to $25 billion in additional aid and access to the Federal Reserve’s borrowing window, industry …

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Auto CEOs seek Fed borrowing and other aid

IMF warns of deepening recession in rich countries

November 6, 2008 on 8:44 pm | In Business News | No Comments

WASHINGTON (Reuters) - The world’s developed economies are headed for the first full-year contraction since World War II and governments should ramp up spending to support the global economy, the International Monetary Fund said on Thursday.

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IMF warns of deepening recession in rich countries

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