Business

World stocks fall after grim data

LONDON (Reuters) - World stocks ended six consecutive days of gains on Monday and oil prices tumbled, boosting flows into the low-yielding yen as data showing slumping manufacturing activity in China and Europe fanned concerns...

Some US doctors may give up vaccines due to cost

About one in 10 U.S. doctors who vaccinate privately insured children are considering dropping that service largely because they are losing money when they do it, according to a new survey. A second survey revealed startling...

BOJ to hold emergency meeting

The Bank of Japan said it would hold an emergency policy meeting Tuesday as its governor, Masaaki Shirakawa, warned that corporate borrowing costs were rising at the fastest pace in a decade. "Although the level of interest...

Stocks fall sharply after dour economic data

NEW YORK -- Wall Street is down sharply in early trading, but so far showing little reaction to a pair of downbeat economic reports. Investors were already selling stocks lower on concerns about the holiday shopping season...

China Can Do the Most Good for the World by Putting Its Own House in Order

This should be China's time to shine. The country is sitting on almost $2 trillion in foreign exchange reserves and may post a 9 percent growth rate this year, probably the highest of any nation. In the midst of a global...

Eurozone Manufacturing PMI Declines To Record Low

Eurozone manufacturing contracted in November at the fastest pace since the survey started in June 1997 to reach a new series record low, a survey showed Monday. The Markit Eurozone Final Manufacturing PMI stood at 35.6 in...

London Scottish Bank goes into administration

London Scottish Bank, which specializes in unsecured consumer lending and debt collection, said Monday it has gone into administration. The British Treasury said it would protect all retail deposit savings held with the bank,...

German state bank to cut 5,600 jobs

The cuts at the bank would be made through 2013, a bank source said Germany's second largest state bank after Landesbank Baden-Wuerttemberg Main shareholder, state of Bavaria, increases bank's capital by $8.8 billion Bank says...

China manufacturing slows as downturn deepens

China's manufacturing activity contracted sharply in November as a downturn in the world's fourth-largest economy worsened, raising the threat of politically volatile job losses, according to data reported Monday.

Dow Chemical-Kuwaiti venture to launch by Jan. 1

Dow finalizes K-Dow venture with Kuwait company : Dow Chemical Co. and a company controlled by the Kuwait government said Monday they have finalized a joint venture agreement to form K-Dow Petrochemicals, which will market...