Goldman Sachs Group Inc. agreed to sell its stake in Sanyo Electric Co. to Panasonic Corp., ending weeks of resistance after accepting an increase of less than 1 percent, two people familiar with the matter ...
Financial markets continued to assess the changing landscape one-day after the Federal Reserve pushed a key lending rate almost to zero.
President-elect Barack Obama plans to name Mary Schapiro , chief executive officer of the Financial Industry Regulatory Authority, to be chairman of the U.S. Securities and Exchange Commission, people familiar ...
Canada's main stock markets were paralyzed Wednesday by data transmission problems that halted trading almost immediately after it started, infuriating traders and leaving many looking for alternative ways to ...
Customers of the New York City-based Citibank have regained access to their account information following a computer outage.
Could the worst be over for the South Korean won?
The embattled currency rose to a six-week high Wednesday as local stocks gained modestly following a historic rate cut by the U.S. Federal Reserve.
The won has been one of the world's worst performing units this year, falling as much as 38 percent as foreign investors have dumped South Korean shares.
Confidence in the government's ability to fight the effects of the global financial crisis were also questioned as concerns grew that its stash of foreign currency reserves might not be enough to weather the storm.
The U.S. Federal Reserve's radical step of slashing its key interest rate to between zero and 0.25 percent raised expectations the Bank of Japan and other central banks will follow with their own moves to ...
The U.S. Federal Reserve's radical step of slashing its key interest rate to between zero and 0.25 percent raised expectations the Bank of Japan and other central banks will follow with their own moves to ...
The price of money for American consumers went on sale in a spectacular way Tuesday after the Federal Reserve cut interest rates to their lowest level on record and promised to keep them low for a long time.
A surprised Wall Street bolted higher Tuesday after the Federal Reserve's historic decision to further slash interest rates and pledge broad support to revive the troubled economy.
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