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• U.S. financial panic goes global
When we buy less from Asia, Asia has less income and fewer jobs to generate(income) to buy from us.” But the flow of capital across borders dwarfs the flow of goods. That's why the spread of financial turmoil overseas is even more worrisome ...
• Chinese lawyers pressured to drop milk cases
Meanwhile, China’s iconic White Rabbit candy was back in production after being pulled from shelves in the U.S., Europe and Asia following tests that found it contained melamine, a state-run newspaper reported Tuesday. Guan Sheng Yuan Co. did not ...
• Asia stocks off 5 percent as global crisis spirals
HONG KONG - Asian stocks dropped by around 5 percent on Monday, led by exporters, and the yen surged to a 2-year high against the euro as investors doubted a scattered European response to the financial crisis and a $700 billion U.S. bank bailout ...
• Markets in Europe, Asia post healthy gains
LONDON - European and U.S. markets brushed aside earlier losses in Asia and weaker than expected U.S. jobs data to post healthy gains Friday. Investors were eager to see the government’s plan to buy up the bad mortgage-related debt on US banks ...
• Global efforts to tackle credit crisis diverge
TOKYO - Hopes for a coordinated interest rate cut among the world's major economies to ease a global credit crunch have been anything but in sync the last couple days in Asia. While the Reserve Bank of Australia cheered regional markets Tuesday by ...