TOKYO - Asian stocks fell on Thursday as weak global manufacturing activity and an Ebola health scare in the United States spooked world markets, sending investors scurrying to the safety of U.S. bonds, the Japanese yen and gold.
Recent Business News
- Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.
- The New York Times Co said it would cut jobs, including about 7.5 percent of its newsroom positions, as advertising revenue dwindles and new digital products fail to live up to expectations.
The revelation that doctors in Dallas yesterday diagnosed the first case of Ebola on U.S. soil sent a shudder of fear through the American public. But how grave is the danger?