TOKYO - Asian stocks slid on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check.
Recent Business News
- A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator.
PARIS - Competitiveness in France and Europe must be improved regardless of how strong the euro is, France's finance minister said on Sunday, in a rebuttal to critics who blame the currency's rise for French firms' export woes.
LONDON - Europe's and Asia's industrial health will be closely watched in the coming week for an indication of how solid - or weak - a footing the global economy was on at the start of the year.
BEIJING - China's exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy despite the Lunar New Year holidays being blamed for the slide.
The FT's Michael Mackenzie reports that the amount of money borrowed on margin to buy stocks on the NYSE hit a new, nominal high of $451 billion. That's up 20% over last year, Mackenzie reports.
- Manufacturing and consumer spending edge up
- Is China’s red-hot housing market finally beginning to cool down?
- What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages
- The end of the boom in emerging markets reserves
- Is the US labor market doing better than we think?
- US sees moderate manufacturing growth in January