Fears of deepening recession in the developed world gnawed at investors on Thursday, after glum earnings from US corporate stalwarts.
Japanese industrial production fell 9,6% in December and core inflation almost evaporated, reinforcing expectations of a record economic contraction.
Japan plans to use public money to help the companies hardest hit by the global financial crisis.
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…
Masaaki Shirakawa, the Bank of Japan’s acting governor, has warned that the country’s economy faces an uncertain future. It comes at the end of a week in which the Nikkei share…
Global economic growth is "robust" but inflation risks remain as markets absorb the impact of the United States subprime crisis and higher food prices, European Central Bank…
United States President George Bush will outline reforms on Friday to help struggling subprime mortgage borrowers and his central bank chief will deliver a speech which will be…
