Japan’s Nikkei stock lost almost 7% of its value, as the sufferings continued. After the news that Sony had halved its full-year profit forecast, a gloom spread over the market.
On the other hand, South Korea announced that growth in its economy was at s four-year low because of the current financial crisis.
South Korea’s benchmark stock [...]

On Tuesday, Asian stock markets opened quietly after dramatic rises of the previous two days.
In Japan, the Nikkei index was 1.4% down at noon and similarly shares in Taiwan and Australia were also down.
Wall Street also saw downward trend at the close of trading. After big rises in stocks on Monday, the investors took some [...]

To tackle the current banking crisis, European leaders have agreed and plan as they announced that no big bank would be allowed to declare itself bankrupt.
In their meeting in Paris, the European leaders announced that they would guarantee loans between banks by the end of 2009 and keep money in them for buying preference shares.
French [...]

In its latest world economic outlook report, the International Monetary Fund (IMF) says that if the financial crisis continues, the economic downturn in many countries will worsen.  The report comes before IMF-World Bank meeting in the US this week.
The signs of a marked slowdown in growth are quite obvious in the global economy and there [...]

Online auction giant eBay has announced that it will cut 1,000 jobs from its workforce. This is considered the biggest job cut by the company that is almost 10% of its workforce. The step is being taken to improve operations and streamline the business.

In the cutbacks, hundreds of other temporary workers may also lose their [...]