Hedge fund manager Man Group said Wednesday it had lost $6.0 billion (4.4 billion euros) from its asset base since June due to financial markets chaos, sparking a 21-percent plunge in its shares.
NEW YORK — US stocks plunged on Friday, with the Dow Jones Industrial Average sliding more than 300 points, as global stock markets were stung by fresh anxiety in the eurozone over Greece's bailout.
Industrial output stagnated in June and the trade-in-goods deficit worsened, official data showed on Tuesday, further clouding the economic outlook amid plunging stock markets.
WASHINGTON — President Barack Obama vowed Monday that America would always be a "triple-A country," defending US credit after a historic downgrade and insisting the reeling economy was "eminently" fixable.
US President Barack Obama vowed Monday that America would always be a "triple A country," fiercely defending US credit after a historic debt downgrade and saying the economy could be fixed with political will.
TOKYO/SEOUL (Reuters) - Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession.
