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A parent’s guide to swine flu fears
Ameriprise Financial Inc. on Friday stepped back from receiving TARP money, less than 24 hours after the Department of the Treasury cleared it to participate in the program.
East Asia growth may rebound sharply, ADB says
East Asia's emerging economies could rebound sharply next year with the region already moving from recession to recovery, the Asian Development Bank said today.
Ex-Goldman adviser banned in Hong Kong
An ex-Goldman Sachs adviser in Hong Kong has been barred from the financial services industry for two years after she invested almost $2 million of her client's money on derivatives contracts without approval, regulators said Thursday.
Oil below $70 as China stock market sinks
Oil fell below $70 a barrel today as a steep drop in China's stock market raised doubts about the strength of the U.S. and global economic recovery.
Chinese stocks tumble 5.8% on policy jitters
Chinese stocks plunged to their lowest level in two months today, tracking regional losses on renewed jitters over the economic outlook and government policy.
Japan central bank extends emergency credit steps
Japan's central bank extended a series of emergency measures to ensure that credit keeps flowing to companies, aiming to nurture a recovery now that the world's second-biggest economy has ended its slide.
China says June bank lending doubles from May
China's bank lending in June more than doubled from the previous month as Beijing's stimulus drove a surge in credit that has prompted concern about the possible impact of such a rapid increase.
China stock regulator issues new draft IPO rules
China's securities regulator today issued new draft regulations on initial public offerings in a step toward a resumption of share listings.
World stocks rally on hopes for economic recovery
World stocks rose today as upbeat news about U.S. housing and banks and a sharp improvement in German investor sentiment suggested the world economy was headed for recovery.
AIG moves to make Hong Kong unit independent
American International Group Inc. has announced that it will accelerate steps to position its American International Assurance Co. Ltd. of Hong Kong as an independent entity and seek a public listing on an Asian stock exchange for the unit.
Bank stress tests ill-advised, says Legg’s Bill Miller
The government’s stress tests of banks have been shrugged off by the market, Bill Miller, chairman of Legg Mason Capital Management Inc., told the Investment Company Institute today.
Sumitomo Mitsui to buy Nikko brokerage from Citigroup
Sumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said today as part of a bigger plan to restructure the struggling U.S. bank. The deal is Japan's first acquisition of a leading brokerage by a bank.
China’s economy shows signs of recovery
China's economy is showing signs of a nascent recovery, but even officials who want to boost public confidence warn a rebound faces risks from the global crisis and is not yet certain.
Asia stocks boosted Japan stimulus, China loans
Asian markets mostly gained ground today as Japan's new $150 billion stimulus plan and upbeat news about Chinese bank lending boosted hopes for recovery in the region's major economies.
Japan’s leader unveils ambitious growth plan
Japanese Prime Minister Taro Aso unveiled an ambitious long-term growth strategy today, vowing to refashion the world's second-largest economy and create millions of jobs, with the first step a massive new stimulus package.
