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Asia stocks slide as global outlook darkens (Reuters)

A man wipes his eyes after watching a stock index board outside of a brokerage in Tokyo December 2, 2008. (Kim Kyung-Hoon/Reuters)Reuters - Asian equities slid on Tuesday after signs of a deepening global economic slump slammed stocks worldwide the previous day, driving benchmark U.S. Treasury yields to their lowest since the 1950s.



Publ.Date : Tue, 02 Dec 2008 07:34:04 GMT

General Growth Properties gets loan reprieve (AP)
AP - General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders.
Publ.Date : Mon, 01 Dec 2008 12:19:35 GMT

Bargain-hunters fail to save November retail sales (Reuters)

A store offers sale items to shoppers at Fair Oaks shopping mall in Fair Oaks, Virginia November 29, 2008. (Larry Downing/Reuters)Reuters - Bargain-hunting holiday shoppers did not save U.S. retail sales in November, which will likely represent a second straight month of declines for the industry.



Publ.Date : Tue, 02 Dec 2008 05:41:23 GMT

Boeing engineers approve work contract (Reuters)

Boeing machinists picket outside the company's Renton, Washington plant September 6, 2008. (Robert Sorbo/Reuters)Reuters - Boeing Co's second-largest union voted on Monday to approve the company's four-year contract offer, avoiding a second damaging strike at the plane maker's Seattle-area plants.



Publ.Date : Tue, 02 Dec 2008 07:44:16 GMT

Dollar, yen profit from investor risk aversion (AFP)

Euros and US dollar banknotes in a cash register. The dollar and particularly the yen strengthened on Monday as investors sought safe havens in global economic jitters that sent US and European stock markets plunging.(AFP/Getty Images/File/Annie Tritt)AFP - The dollar and particularly the yen strengthened on Monday as investors sought safe havens in global economic jitters that sent US and European stock markets plunging.



Publ.Date : Mon, 01 Dec 2008 23:01:55 GMT

Australia slashes rates (Reuters)

A man is reflected in the Reserve Bank of Australia (RBA) building in Central Sydney December 2, 2008. (Daniel Munoz/Reuters)Reuters - Australia slashed interest rates and the Bank of Japan moved to ease an acute cash crunch for companies, kicking off another round of global central bank action to soothe markets and shore up crumbling economies.



Publ.Date : Tue, 02 Dec 2008 07:40:17 GMT

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