HONG KONG - Asian stock markets retreated on Tuesday and the Australian dollar briefly fell after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China.
Recent Business News
MEXICO CITY/SAN FRANCISCO - SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a resort in Mexico, the local prosecutor's office said Monday. Goldberg, the husband of Facebook Inc Chief Operating Officer Sheryl Sandberg, fell off a treadmill at a private villa in Punta Mita and hit his head, the prosecutor's spokesman said.
SAN FRANCISCO - Investors seem willing to pay just about anything for a better burger.
WASHINGTON - Credit Suisse has quietly withdrawn a request for a waiver to raise capital more easily, after U.S. Securities and Exchange Commission staffers told the bank in recent weeks it would not win approval, people familiar with the matter told Reuters.
NEW YORK - Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash.
- Morgan Stanley said on Monday it could lose more than $290 million from a lawsuit by Deutsche Bank National Trust Co over the quality of about $735 million of the Wall Street firm's mortgages.