Asia stocks down for second day

November 11, 2008 on 11:01 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian shares fell for a second day on Wednesday and oil prices slipped back near a 20-month low as poor corporate earnings highlighted the damage from the global economic slowdown on companies and consumers.

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Asia stocks down for second day

Oil hovers near $59 as slowdown squeezes demand

November 11, 2008 on 10:16 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil inched lower on Wednesday, after falling 5 percent a day ago to close below $60 for the first time since March 2007, as weakening energy demand more than offset news of more supply reductions.

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Oil hovers near $59 as slowdown squeezes demand

Barclays faces shareholder revolt over capital raising

November 11, 2008 on 7:57 pm | In Business News | No Comments

LONDON (Reuters) - Some of Barclays’ biggest shareholders have threatened to vote against its planned 7 billion pound capital raising unless it improves the terms of the deal, newspapers reported on Wednesday.

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Barclays faces shareholder revolt over capital raising

Obama urges action asAsian and European data gloomy

November 11, 2008 on 7:28 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. President-elect Barack Obama urged the Bush administration to back a second economic stimulus package and aid the ailing auto industry on Tuesday, after fresh reports of economic weakness in China, Japan and Britain reinforced fears of a prolonged recession.

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Obama urges action asAsian and European data gloomy

Crunch predictors proffer radical cures

November 11, 2008 on 7:26 pm | In Business News | No Comments

LONDON (Reuters) - In 2003, a group of London-based thinkers was among those who warned of a huge credit crunch and a surge in personal and corporate bankruptcies.

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Crunch predictors proffer radical cures

Europeans plan for frugal Xmas and tough 2009

November 11, 2008 on 7:07 pm | In Business News | No Comments

LONDON (Reuters) - Europeans will limit spending on Christmas as they brace for a tough 2009, though shoppers in eastern countries are more optimistic than those in the west, …

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Europeans plan for frugal Xmas and tough 2009

Obama urges action as Asian and European data gloomy

November 11, 2008 on 5:24 pm | In Business News | No Comments

NEW YORK (Reuters) - Fresh signs of economic weakness from China, Japan and Britain reinforced fears of a prolonged recession, and U.S. President-elect Barack Obama urged the Bush administration to back a second economic stimulus package and aid the ailing auto industry.

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Obama urges action as Asian and European data gloomy

Oil drops 5 percent as demand weighs

November 11, 2008 on 3:44 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil prices fell 5 percent to $59 a barrel on Tuesday as the deepening global economic crisis dragged down markets and raised expectations of further slowdowns in energy demand.

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Oil drops 5 percent as demand weighs

FSA looks at Spain system on bank capital

November 11, 2008 on 3:01 pm | In Business News | No Comments

LONDON (Reuters) - The financial regulator is confident it will stamp out bad practice on bank bonuses next year and is considering adopting Spain’s system of forcing banks to build up bigger capital cushions during good times, a top official said on Tuesday.

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FSA looks at Spain system on bank capital

Obama urges aid for ailing U.S. economy

November 11, 2008 on 2:35 pm | In Business News | No Comments

NEW YORK (Reuters) - Fresh signs of economic weakness from China, Japan and Britain reinforced fears of a prolonged recession, sending global stock markets lower, and U.S. President-elect Barack Obama urged the Bush administration to aid the ailing auto industry.

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Obama urges aid for ailing U.S. economy

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