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ZURICH/LONDON : European lenders Royal Bank of Scotland and UBS confirmed they had some exposure to chemicals company LyondellBasell , whose U.S. unit filed for bankruptcy, but declined to give details. Swiss bank UBS said its exposure to ...
Read moreTOKYO — Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation’s top automaker as it grapples with shrinking global demand. The last time Toyota Motor ...
Read moreMOSCOW, Jan 7 (Reuters) - Russian Prime Minister Vladimir Putin ordered gas export monopoly Gazprom to halt gas supplies via Ukraine on Wednesday, Russian news agencies reported. In a meeting with Putin, Gazprom chief executive Alexei Miller proposed ...
Read moreWASHINGTON (MarketWatch) -- President-elect Barack Obama said Wednesday that his proposals to jump-start the economy must also build a stronger nation in the long run. Obama said the size of the stimulus package hasn't yet been settled in discussions ...
Read moreWASHINGTON, Jan 7 (Reuters) - At a U.S. House Democrats' forum to discuss an economic stimulus bill: * Economist Mark Zandi of Moody's Economy.com tells lawmakers that $750 billion to $800 billion package "is appropriate" size for economic stimulus ...
Read moreNEW YORK (Reuters) - The dollar slumped Wednesday, reversing sharp gains against the euro and yen earlier this week, as steep job losses in the private sector rekindled fears of a prolonged U.S. recession. The report, compiled by ADP Employer ...
Read moreLast week as we wrapped up our analysis for the year, we noted that with the euro buying $1.40 at the time, its reversal from $1.4719 signaled a drop to $1.35 “for the first week of January.†The ensuing slide to as low as $1.3317 ushered in by a ...
Read moreNEW YORK, Jan 7 (Reuters) - The dollar fell across the board on Wednesday, reversing sharp gains against the euro earlier this week, as steep job losses in the private sector reignited fears of a prolonged U.S. recession. The report, compiled by ADP ...
Read moreThe country’s foreign exchange reserves soared to $37.1 billion at the end of 2008, sustaining the recovery that foreign exchange inflows made in November as a result of inflows from government borrowing. The Bangko Sentral ng Pilipinas (BSP ...
Read moreDollar's retreat extends further today in early US session after release of poor employment data. ADP employment report showed the job markets in the non-agricultural private sector shrank -693k in Dec, much worse than expectation of -450k and being ...
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