The U.S. opened a branch of the Food and Drug Administration in the Chinese capital, the first of several overseas offices aimed at regulating the safety of imported food and medicine.
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TOKYO (Reuters) - The global credit crunch is starting to chill lending in Japan, squeezing companies that have so far escaped the worst of the crisis gripping the much of the industrialized world.
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 Boston Globe (registration) |
European shares down 4 pct on weak start to Wall St
Reuters - LONDON, Nov 20 (Reuters) - European stocks extended losses in Thursday afternoon trade to more than 4 percent, hitting a new five-and-a half-year low, after US stock markets opened weaker on concerns about a prolonged global recession. Stocks open lower after jobless claims jump STOCKS NEWS EUROPE-Shares stay weaker as Wall St opens lower |
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BOSTON (Reuters) - Wall Street’s pain is rippling through U.S. small businesses, as bankers who once pulled in million-dollar bonuses lose their jobs and cut back spending on everything from parties to home improvements.
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It will take the efforts of China and other emerging nations to lead the global economy out of what is likely to be a long and painful recession, according to a gathering of economic experts.
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Philly Fed index drops to 18-year low
MarketWatch - By Greg Robb, MarketWatch WASHINGTON (MarketWatch) — Manufacturing conditions in the Philadelphia region deteriorated to their worst level in 18 years in November, the Federal Reserve Bank of Philadelphia reported Thursday. Philadelphia Fed's Factory Index Falls to -39.3 in November Philly Fed November factory activity hits new 18-year low |
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Steven A. Ballmer?s stance may force Yahoo?s next chief executive to find another way to revive the company?s profit.
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The leaders of the Big Three US car companies seem to be losing their argument for a Federal bailout.
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As deserted malls and department stores struggle to court consumers with steep discounts, an even more ferocious price war is being waged online.
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 guardian.co.uk |
Alwaleed Plans to Boost His Stake in Citigroup to 5% (Update2)
Bloomberg - By Steve Dickson Nov. 20 (Bloomberg) — Saudi billionaire Prince Alwaleed bin Talal plans to increase his stake in Citigroup Inc. to 5 percent after the bank, once the biggest in the US, lost almost a quarter of its value yesterday. Saudi prince comes to rescue of Citigroup Trader Voices Growing: Break Up Citi |
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