NEW YORK (Reuters) - All three major U.S. stock indexes plunged more than 2 percent on Tuesday after a record loss at Citigroup Inc and the worst showing for retailers in five years fueled fears that the economy was heading into a recession.
NEW YORK (Reuters) - Bank of America Corp said on Tuesday it would eliminate 650 corporate and investment banking jobs and sell its prime brokerage unit, as the second-largest U.S. bank retrenches in the face of difficult credit market conditions.
NEW YORK (Reuters) - Citigroup Inc and Merrill Lynch & Co Inc said they raised another $20 billion of capital from investors in Asia, the Middle East, and elsewhere, as the subprime mortgage crisis forced additional massive asset write-downs and devoured more of banks’ capital.
NEW YORK (Reuters) - Treasury Secretary Henry Paulson said on Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but does not want to rush.
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South Africa: Mining Boost for Forex Earnings
AllAfrica.com, Washington - SA's foreign exchange earnings will be boosted this year by several new mining projects due to start or reach full production as resource companies strive … |
LOS ANGELES (Reuters) - Starbucks Corp replaced CEO Jim Donald with founder and Chairman Howard Schultz and said it would slow an aggressive U.S. expansion in a shake-up that sent its battered shares up nearly 9 percent.
 StarPhoenix |
Forex - Dollar steady against euro, yen ahead of housing data …
Forbes, NY - HONG KONG (Thomson Financial) - The US dollar was steady against the euro and the yen in afternoon trade in Asia on Tuesday as investors were sidelined by … Forex - US dollar higher in Sydney ahead of European, UK central … FOREX-Dollar recovers from post-payrolls troughs Forex - Dollar gains versus euro, yen on hopes Fed will move to … |
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View of the day: Forex
Financial Times, UK - The foreign exchange market is not yet pricing in slower global economic growth, says Jim McCormick, head of currency research at Lehman Brothers in London. … Lehman expects global growth to slow, but not tank |
 RTT News |
Forex - Dollar steady after recovering overnight
CNNMoney.com - LONDON, Jan. 7, 2008 (Thomson Financial delivered by Newstex) — The dollar was steady against major currencies after recovering from Friday's sharp losses, … Forex - Euro falls slightly against dollar on continuing credit … |
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FOREX-Dollar =2
Reuters - Currency bid prices at 1146 GMT. All data taken from Reuters with percent change calculated from the daily US close at 2130 GMT. … |
