Kevin Plumberg

Recession fears slam Asia stocks

Asian stocks slumped 7% on Thursday as more evidence that the US economy is shrinking made investors brace for a potentially deep recession.

World leaders grapple with crisis as recession looms

Policymakers scrambled for ways to bolster their economies and banks with South Korean and Australian leaders holding emergency meetings.

Bank shares tumble on Fannie, Freddie worries

Shares in Asian and European banks tumbled on Tuesday as investors dumped stocks on concerns about exposure to troubled US mortgage lenders.

Oil races above $135, stocks and bonds shudder

Record high oil prices at a barrel deepened worries about inflation on Thursday and weighed on some Asian stocks although Japanese shares ended slightly higher, as dealers trimmed their bets on further weakness. The dollar trudged higher against the euro after earlier hitting a one-month low after the Federal Reserve slashed its United States 2008 growth forecast

US music festivals cut through online onslaught

The crowd roared as blue lights flickered, and images of skulls and three-eyed creatures were superimposed behind the Swedish electronica music duo The Knife. The enigmatic brother-and-sister band wooed a packed audience at New York's Webster Hall with their angular, often foreboding sound and graphics projected on a translucent screen that covered the stage.

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