Asia stock markets fell on Wednesday to two week lows amid growing fears of a U.S. and European recession. Japan's Nikkei fell (-4.7% to 13099) sharply, hit by fresh concerns in Europe and the U.S. after the U.S. services sector slowed to levels not seen since the 2001 recession. Exporters such as Canon slumped on the dimming outlook for Asian exports, along with regional financial firms. Australian shares dropped, led by mining goliath BHP Billiton, whose stock plunged after its hostile mega-bid for rival firm Rio Tinto. China's state-owned aluminium firm Chinalco and its U.S. partner Alcoa who recently took a defensive stake in Rio, said they'd sit back for now. Trading was thin across Asia with markets in Taiwan, South Korea and China already closed for the week in a bleak start to the Lunar New Year break. Hong Kong stocks dropped as nervous investors cashed out ahead of the Chinese New Year break, hitting finance and export plays. Shares of Chinalco's...
Asian banks declined Tuesday, hit by Citigroup's drastic job cuts, while regional automakers also felt restructuring ripples. Citi's plan to axe 52,000 jobs globally, pushed shares of...
A bank in India is helping sex workers save their money for a brighter future. MOREINFO: The bank was started by a sex-worker collective in the heart of Mumbai's red light district. More than...
Yahoo said Jerry Yang will step down as chief executive as soon as the board finds a replacement. The news sent Yahoo shares on hopes the departure would clear the way for a deal with Microsoft,...
Japan's Nikkei average slipped 2.3 percent on Tuesday (November 18), dragged down by worries about a weakening global economy that battered exporters such as Sony, though bargain-hunting...
Barack Obama's historic win saw pharmaceuticals and oil dragging down markets from an earlier spike. Markets believe a Democrat win is bad for pharmaceuticals ever since former president Bill...
Police and tax officials are warning about a letter and e-mail fraud scheme that attempts to pry confidential banking information and passport numbers from Canadians. - The scam is designed to...
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
Asia stocks slid on Monday with investors worried about rising inflation and sluggish U.S. economic growth. Japan's benchmark Nikkei fell 2.3 percent (13,690) its biggest fall in six weeks....
Asia stocks were largely higher on Wednesday with resource shares among the top performers thanks to sky high oil prices. Japan's Nikkei rose 0.2 percent (13,579) adding to a recent rally....
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