Airlines living on the edge: CEO
Airlines talk business in billions but the difference between big profits or large losses is small, says Cathay Pacific Airways chief executive Tony Tyler.Airlines went through a desperately bad time during 2008 and 2009, with… Click here to read the full story
Read more..Citigroup paying $75M to settle civil charges
By MARCY GORDON 2010-07-29T19:32:48Z WASHINGTON (AP) — Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007…. Click here to read the full story
Read more..Global stocks retreat on Ireland downgrade
SYDNEY (Reuters) - The euro extended losses on Monday, pulling further away from two-month highs, after Moody’s cut Ireland’s credit rating, highlighting the fragility of Europe’s fiscal health. Click here to read the full story
Read more..JPMorgan earns $4.8 billion in 2nd quarter
By STEVENSON JACOBS 2010-07-15T14:18:50Z NEW YORK (AP) — JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans helped offset a difficult spring in trading and investment banking…. Click here to [...]
Read more..Wall Street falls further on Philly Fed data
NEW YORK (Reuters) - Stocks extended losses on Thursday after the Federal Reserve Bank of Philadelphia said its index of business conditions in the U.S. Mid-Atlantic region fell in July and missed forecasts. Click here to read the full story
Read more..Europe Markets: European shares run out of steam
Stocks snap a six-session advance on Wednesday, as mining and automotive losses offset earnings-related gains in the technology sector. Click here to read the full story
Read more..Asia Markets: Asian shares slip as China tumbles
Asian benchmarks erase early gains Tuesday, dragged down by losses in Chinese shares after Beijing dashed hopes that it would relax its tightening policies on the property market. Click here to read the full story
Read more..Currencies: Dollar hits two-month low as equities extend gains
The currency sustains broad losses as a firmer tone for U.S. and European equities robs the greenback of its safe-haven appeal. Click here to read the full story
Read more..Currencies: Dollar ends lower for four straight weeks
The dollar extends its week’s decline, with losses by the greenback offsetting earlier gains after the disappointing U.S. jobs data Click here to read the full story
Read more..Currencies: Dollar weakens under jobless, ISM, housing data
The dollar extended losses against the euro and Japan’s yen on Thursday after data showed U.S. jobless claims rose, pending home sales plunged and manufacturing activity slowed, all signaling weakness in the country’s economic outlook. Click here to read the full story
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