TOKYO, Oct 31 (Reuters) - Mizuho Financial Group (8411.T), Japan's second-largest bank, slashed its full-year forecast by more than half on Friday, hurt by widening bad-loan costs and sharp losses on its stock portfolio.
The bank said it now expects group net profit to total 250 billion yen ($2.5 billion) in the year to March 31, 2009, down 55 percent from its previous forecast of 560 billion yen. (Reporting David Dolan)
OSLO (Reuters) - There will be no "precipitous drawdown" of U.S. forces in Afghanistan and U.S. troops could still be in the country for years to come, President Barack Obama said on Thursday.
The pressure's on for oil giants looking to secure rare access to cheap Middle East reserves as Iraq gears up to auction off some of the world's largest untapped oilfields. Full Article
Recovering from a punishing global recession has forced the world's richest nations to pay dearly, prompting subdued growth prospects and delayed sighs of relief. Full Article
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