Departing GM chief Ed Whitacre says government ownership damaged the carmaker image
General Motors has paved the way for an initial public offering (IPO), expected to be the second largest share sale in US history.
Concerns about the US economy sparked the sell-offs
World stock markets have tumbled as investors worry about the health of the US economy after the Federal Reserve warned that the recovery was likely to be “more modest” in the short term.
The… more...
US markets followed European markets higher
World stock markets have been trading higher, lifted by banking shares after HSBC and BNP Paribas both reported profits ahead of expectations.
The UK’s biggest bank HSBC saw first-half profits more than double to $11.1bn (£7bn), while second-quarter profits at… more...
US investors remain concerned about the strength of the US recovery
Leading US stock markets tumbled more than 2.5% as poor company results and fresh economic data hit investor confidence in the economic recovery.
On Wall… more...
Global shares have fallen in recent weeks
Shares on a range of world markets jumped on Tuesday as investors looked to take advantage of what they perceived as cheap, oversold stocks.
The imminent announcement of pricing details for the flotation of Agricultural Bank of China (Agbank) helped to… more...
The Shanghai stock exchange is down 32% from its peak in August 2009
The Shanghai composite index has closed at a 15-month low after data pointed to slowing growth and rising inflation.
The index dropped 19 points or 0.8% to 2,364 at the end… more...
China is a manufacturing powerhouse for the world economy
Disappointing manufacturing reports from China and Europe have worried investors, raising concerns over the strength of the global recovery.
World stock markets fell on Thursday following data showing that pace of growth in Chinese manufacturing slowed in… more...
NEW YORK (Reuters) – U.S. stock investors will keep a close eye on Europe next week, looking for signs the debt crisis may be stabilizing, while industrial production, housing starts and inflation data may offer more clues on the U.S. economic outlook.
On Friday, an official said the European Union has reached agreement with Greece on how to move forward with pension reform, while Spain’s economy ministry said it… more...
World stock markets have been hit by renewed fears of a double-dip recession.
After a volatile day’s trading, the FTSE 100 closed down 1.1%, France’s Cac 40 ended 1.2% lower. In Germany, where the cabinet agreed a major austerity plan, the Dax closed 0.6% down.
The euro dropped to its lowest level against the dollar in four years.
Markets in Asia had earlier suffered sharp… more...
Global stock markets bounced back on Wednesday after heavy losses the day before, with Asia leading the recovery.
Shares had fallen on Tuesday on worries about continued weakness in the euro economy, and Korean tensions.
At midday, the UK’s FTSE 100 index was up 2.11%, Germany’s Dax was 1.93% higher and France’s Cac was up 2.74%.
Earlier in Asia shares had risen. In Japan the Nikkei index… more...