Industry

Stocks, oil flounder on growth anxiety, China data little help

Asian stocks stumbled to seven-month lows on Monday, while crude oil prices were pinned near a four-year trough as promising trade numbers out of China failed to cheer a market still worried about faltering global growth.


French bank, Twitter team up for money transfers via tweets

One of France's largest banks is teaming up with social network Twitter Inc. (TWTR.N) this week to allow its customers to transfer money via tweets.

Yen rises as global growth woes hit risk sentiment

The yen scaled a one-month high against the dollar on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency.

China September exports, imports beat forecasts

China's export and import performance in September easily beat forecasts, with imports showing unexpected buoyancy, helping to ease concerns about deteriorating domestic demand in the world's second-biggest economy.


Latest News

Fiat Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.
South Korea and China agreed to extend an existing swap agreement worth 64 trillion Korean won or 360 billion yuan by three more years, the Bank of Korea said in a statement on Saturday.
Lafarge (LAFP.PA) and Holcim (HOLN.VX) are about to request approval from the European Commission for their planned merger, Lafarge Chief Executive Bruno Lafont told reporters on Thursday.
The chance of a hard landing for China's economy is very small in spite of worries about the country's real-estate sector, the chief economist of the People's Bank of China said on Saturday.
When a guesthouse belonging to one of Nigeria's leading Christian pastors collapsed last month, killing 115 mostly South African pilgrims, attention focused on the multimillion-dollar "megachurches" that form a huge, untaxed sector of Africa's top economy.
A sculpture of a goddess riding a chariot and a limestone bust of a woman's head upon which the sculptor Modigliani used to light candles are the centerpieces of an eye-popping 500 million pounds ($800 million) of art put on show at Sotheby's on Friday.
Air France-KLM is pressing ahead with expansion of its low cost brand in France and has a back-up plan if a deadlock with pilots continues, its Chairman and Chief Executive Officer Alexandre de Juniac said in an interview published on Sunday.
The $700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.
The hunt for dividend yield is pushing U.S. fund managers into an unproven new offshoot of the alternative energy industry. Yield companies - commonly called "yieldcos" - are spinoffs of alternative energy companies that own assets such as wind or solar farms and pay investors dividends out of the cash flow generated by long-term contracts to sell power to utility companies.
Federal Reserve officials on Saturday took stock of a slowdown in the global economy and said it could delay an increase in U.S. interest rates if serious enough.