WASHINGTON, May 10 - Now that the largest U.S. banks have completed their stress tests, the bigger stress is figuring out how to get credit flowing normally so that the global economy can start growing...
SYDNEY, April 6 - Australian stocks are expected to extend gains on Monday on optimism that a slump in global economy could end soon. Rio Tinto Ltd <RIO.AX> could be in focus after a media...
WASHINGTON, March 19 - The global economy will shrink as much as 1 percent this year -- its first contraction since World War Two -- the International Monetary Fund warned on Thursday, urging quick action...
LISBON, March 17 - The International Monetary Fund expects the global economy to contract 0.6 percent this year, according to forecasts provided on Tuesday by an IMF official at a conference in Lisbon. Teresa Ter-Minassian,...
WASHINGTON, March 1 - In the sometimes twisted logic of finance, a weak global economy may be good news for U.S. President Barack Obama and the record-setting $1.75 trillion deficit he has proposed. In order...
The world economy is on the brink of a rare global recession, the World Bank said in a forecast released Tuesday, with world trade projected to fall next year for the first time since 1982 and capital flows to developing countries predicted to plunge 50 percent.
* China economic recovery still not secure - PBOC * U.S. unemployment rate heading for 10 pct - White House * Asian stocks slide 3 pct on economic doubts, track Wall St * U.S. housing...
* Japanese exports rise month on month, helped by China * U.S. existing home sales rose in April * French, Swedish consumer confidence improve in May * GM moves closer to bankruptcy, Sony ratings cut...
* PMI surveys suggest India, China on road to recovery * Asian shares rally to seven-month high * Bank of America plans to raise $10 bln capital-FT * Russian manufacturing sector contraction slows * Australian...
______________AUSTRALIAN CREDIT/FOREX SNAPSHOT__________________ FOREIGN EXCHANGE AT 0000 GMT (against previous Sydney close) <AUD=> 0.7185/90 (0.7031/34) <AUDNZD=R>1.2201/12(1.2374/90) <AUDJPY=R> 71.75/81 (69.49/53) <JPY=> 99....