The European debt crisis would pose a threat to U.S. money-market mutual funds if a rash of sovereign defaults caused big banks to fail to meet obligations within the next three months.
BusinessWeek.com — Finance
European stocks fell, completing the longest streak of weekly losses since 1998, as a drop in banking shares amid concern the region’s debt crisis will worsen overshadowed a rebound in mining shares and carmakers.
BusinessWeek.com — Finance
Asian stocks swung between gains and losses after a report showed U.S. retail sales were better than forecast, boosting the outlook for exporters. QBE Insurance Group Ltd. slumped after issuing a profit forecast.
BusinessWeek.com — Finance
Asian stocks swung between gains and losses after a report showed U.S. retail sales were better than forecast, boosting the outlook for exporters. QBE Insurance Group Ltd. slumped after issuing a profit forecast.
BusinessWeek.com — Finance
Bank of America Corp., the largest U.S. lender, may face a further $ 27 billion of housing-related losses between now and 2013 amid increasing regulation as the economic recovery slows, analysts at Sanford C. Bernstein said.
BusinessWeek.com — Finance
Asian stocks swung between gains and losses as Federal Reserve Chairman Ben S. Bernanke gave no hint of a new round of economic stimulus even as the recovery slows. Raw material producers advanced after oil and metal futures climbed.
BusinessWeek.com — Finance
Asian stocks swung between gains and losses after European Central Bank President Jean-Claude Trichet indicated his willingness to sanction bond rollovers in Greece, helping tame concern the global economic recovery is faltering.
BusinessWeek.com — Finance
U.S. stocks pared declines, trimming the Standard & Poor’s 500 Index’s second straight drop, as financial shares reversed their losses.
BusinessWeek.com — Finance
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