Many of Asia's and Europe's top share indexes fall amid fears of a US recession will lead to a global slowdown. Source: BBC News | Business | World Edition | 22 Jan 2008 | 11:36 am
FRANKFURT (Reuters) - Futures on leading U.S. stock market indexes fell before the start of Wall Street trading on Tuesday, signaling that American shares would join the global equities sell-off.
Reuters - Oil fell to a six-week low on Tuesday,
dragged lower by a stock market plunge and fears a slowdown in
the United States could have a much wider impact than
previously thought.
LONDON (Reuters) - Oil fell to a six-week low on Tuesday, dragged lower by a stock market plunge and fears a slowdown in the United States could have a much wider impact than previously thought.
Gold was knocked down to its lowest level in almost three weeks in early London trade, as plunging global stock markets forced funds to liquidate profitable commodity positions to cover margin calls.
European equities were volatile as investors awaited the extent of the damage on Wall Street, which was closed on Monday, and amid speculation of co-ordinated central bank action led by the Fed Source: FT.com - US homepage | 22 Jan 2008 | 11:11 am
Reuters - Roche Holding AG has overcome
Ventana Medical System Inc's resistance to its
takeover bid by raising the price, acquiring the diagnostics
maker for $3.4 billion to boost its cancer testing business. Source: Yahoo! News: Business | 22 Jan 2008 | 11:06 am
ZURICH (Reuters) - Roche Holding AG has overcome Ventana Medical System Inc's resistance to its takeover bid by raising the price, acquiring the diagnostics maker for $3.4 billion to boost its cancer testing business.
Reuters - Futures on leading U.S. stock market
indexes fell before the start of Wall Street trading on
Tuesday, signaling that American shares would join the global
equities sell-off.
Bank of China shares are suspended in Shanghai after it fails to comment on reports of write-downs. Source: BBC News | Business | World Edition | 22 Jan 2008 | 10:54 am
LONDON (Reuters) - Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and promising a woeful start for Wall Street as investors dumped assets exposed to the risk of a global economic slowdown.
Social networking sites are costing UK businesses £6.5bn a year, as workers clog up broadband connections and spend up to 3 hours a day surfing sites such as Facebook, Bebo and MySpace, according to a new survey. Source: Telegraph Business | 22 Jan 2008 | 10:05 am
The wobbly economy is overtaking Iraq as the issue weighing most heavily on the minds of America's voters. And Washington has noticed. The White House and Congress are almost certain to enact some kind of stimulus package. But like all such temporary, feel-good measures, it will generate a quick blip in growth that will quickly evaporate. In reality only one player has the power to do anything swift and decisive: the Federal Reserve. And its chairman, Ben Bernanke, has already made his intentions abundantly clear. Unfortunately, the cure he's prescribing may be worse than the disease.
The Bank of Japan said economic growth was likely to fall short of its forecast for the financial year ending in March but stopped short of abandoning the optimistic longer-term outlook that has underpinned its goal of raising interest rates Source: FT.com - US homepage | 22 Jan 2008 | 9:41 am
Reuters - Shares from Sydney to London sank for a
second day on Tuesday, dragging commodity prices with them and
promising a woeful start for Wall Street as investors dumped
assets exposed to the risk of a global economic slowdown.
Fears of a US recession sent regional stocks reeling for a second day, with Australia recording its biggest fall in eight years, Japan shedding more than 5% and India plunging more than 10% at one point Source: FT.com - US homepage | 22 Jan 2008 | 9:39 am
The European Commission president warns he may impose carbon tariffs if the US fails to back a climate deal. Source: BBC News | Business | World Edition | 22 Jan 2008 | 9:30 am
FRANKFURT (Reuters) - Futures on the U.S. S&P 500 stock market index extended their fall on Tuesday, trading 5.3 percent lower at 1,255.30 points at 3:30 a.m. EST.
Reuters - Yahoo Inc is planning to
announce cutbacks later this month that will likely lead to
hundreds of job losses at the nearly 14,000 employee company, a
source familiar with the plan said on Monday.
SAN FRANCISCO (Reuters) - Yahoo Inc is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.
It looks as if Marc Bolland has played a blinder. The chief executive of Wm Morrison announced Christmas like-for-like sales (excluding fuel) up 9.5pc, above even the most optimistic analysts' forecasts. Source: Telegraph Business | 22 Jan 2008 | 8:47 am
AFP - Democrats Hillary Clinton and Barack Obama roasted President George W. Bush on the economy Monday, as world stock markets plummeted for a second day on fears of a US recession.
Pub chain JD Wetherspoon remains "cautious" about its trading outlook after a fall in festive and New Year sales. Source: BBC News | Business | World Edition | 22 Jan 2008 | 7:55 am
FT.com - Financial bookmakers were predicting further losses on the London equities market on Tuesday, extending losses after Monday's largest one-day sell-off since the terrorist attacks of September 11, 2001. Source: Yahoo! News: Business | 22 Jan 2008 | 7:55 am
Wm Morrison was the star performer among the big UK supermarkets this Christmas, as the City had predicted. Source: Telegraph Business | 22 Jan 2008 | 7:40 am
Yesterday's decline was quite painful. The FTSE-All Shares index fell 5.3 per cent. It was the 13th largest fall since 1935 when daily price records were first collected in the UK Source: Telegraph Business | 22 Jan 2008 | 7:30 am
Yesterday's decline was quite painful. The FTSE-All Shares index fell 5.3 per cent. It was the 13th largest fall since 1935 when daily price records were first collected in the UK Source: Telegraph Business | 22 Jan 2008 | 7:30 am
The Swiss pharmaceuticals group raised its offer for the US diagnostics company by 19.3% to $89.40 a share, valuing its target at $3.4bn Source: FT.com - US homepage | 22 Jan 2008 | 7:28 am
Supermarket chain Morrisons reports strong festive trading, with same-store sales increasing by 9.5%. Source: BBC News | Business | World Edition | 22 Jan 2008 | 7:24 am
A massive natural gas field is found off Rio de Janeiro's coastline, Brazil's state-controlled oil company says. Source: BBC News | Business | World Edition | 22 Jan 2008 | 7:08 am
Barack Obama and Hillary Clinton engaged in the most rancorous presidential debate to date, underlining the rivalry between the leading Democrat contenders, who face a primary in South Carolina in five days Source: FT.com - US homepage | 22 Jan 2008 | 6:08 am
BEIJING (Reuters) - China's banks will suffer a rise in non-performing assets due to the U.S subprime crisis and domestic credit tightening, a senior economist said in remarks published on Tuesday amid mounting concern about the industry.
PHILADELPHIA/SYDNEY (Reuters) - BHP Billiton is unlikely to increase its $130 billion unsolicited proposal to acquire mining rival Rio Tinto by a February 6 deadline, The Wall Street Journal reported on Monday. BHP could be trying to pressure Rio to negotiate by holding firm with its three-for-one share offer, which has yet to be formalized, the newspaper said, citing sources familiar with the company's plans.
The FTSE 100 index suffered its biggest ever one-day points fall as fears of an impending US recession led to panic selling across the globe. Source: Telegraph Business | 22 Jan 2008 | 1:01 am
Dolcis, the 144-year-old shoe retailer, has crashed into administration following dire trading conditions on the high street and growing competition in the £4.5bn shoe sector from mainstream clothing chains such as New Look and Next. Source: Telegraph Business | 22 Jan 2008 | 1:01 am
World stock indexes, including the UK's FTSE 100, post their biggest falls since 11 September 2001. Source: BBC News | Business | World Edition | 22 Jan 2008 | 12:09 am
After the chaos of yesterday, cue the chaos of today. My comments of a few days ago stating that the FTSE needed to hit 5410 for an 'official' bear market to be announced were meant, at the time, to be slightly tongue in cheek but it seems that the markets are in a hurry to be miserable. Source: Telegraph Business | 22 Jan 2008 | 12:05 am
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Reuters - Oil fell to a six-week low on Tuesday,
dragged lower by a stock market plunge and fears a slowdown in
the United States could have a much wider impact than
previously thought.
Reuters - Futures on leading U.S. stock market
indexes fell before the start of Wall Street trading on
Tuesday, signaling that American shares would join the global
equities sell-off.
Reuters - Shares from Sydney to London sank for a
second day on Tuesday, dragging commodity prices with them and
promising a woeful start for Wall Street as investors dumped
assets exposed to the risk of a global economic slowdown.
Reuters - Yahoo Inc is planning to
announce cutbacks later this month that will likely lead to
hundreds of job losses at the nearly 14,000 employee company, a
source familiar with the plan said on Monday.
AFP - Democrats Hillary Clinton and Barack Obama roasted President George W. Bush on the economy Monday, as world stock markets plummeted for a second day on fears of a US recession.