Dubai shares retreated to the lowest level in three months as Europe’s sovereign debt crisis weighed on the global economy and the International Energy Agency said it may release more oil to stabilize prices.
BusinessWeek.com — Finance
The Federal Reserve supports a proposal at the Basel Committee on Banking Supervision that calls for a maximum capital surcharge of three percentage points on the largest global banks, according to a person familiar with the discussions.
BusinessWeek.com — Finance
Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May.
BusinessWeek.com — Finance
Wheat tumbled the most in almost three weeks after Russia, once the second-largest exporter, said it will allow grain shipments to resume July 1, alleviating concern over reduced supplies from Europe and the U.S.
BusinessWeek.com — Finance
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver said it may take as long as three years to meet the bank’s cost-reduction target after expenses jumped in the first quarter.
BusinessWeek.com — Finance
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver said it may take as long as three years to meet the bank’s cost-reduction target after expenses jumped in the first quarter.
BusinessWeek.com — Finance
Japanese stocks fell, driving down benchmark indexes for the first time in three days, as surging oil prices threatened to raise energy costs and hamper an economic recovery. Tokyo Electric Power Co. plunged.
BusinessWeek.com — Finance
Japanese stocks fell, driving down benchmark indexes for the first time in three days, as surging oil prices threatened to raise energy costs and hamper an economic recovery.
BusinessWeek.com — Finance
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