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Japan is in recession

Japan became the latest major economy to fall into recession on Monday and Citigroup said it would cut 52,000 jobs, one of history's largest layoffs, adding to worries the global economic slump is worsening.  Full Story
Yesterday, 23:33 | Reuters

PFTS closed 1.3 percent down

Today’s trading session on PFTS ended with the Index at 271.16 points, 1.3 percent down compared to the results of Friday.   Full Story  
Yesterday, 18:17 | Elena Plekhanova, Kyiv Post Staff writer

Buy now, pay later losing appeal for U.S. consumers

WASHINGTON, Nov 17 (Reuters) - By choice or by force, more U.S. consumers are putting away their credit cards as the financial crisis reshapes attitudes toward spending and debt.   Full Story  
Yesterday, 15:20 | Reuters

Europe shares fall further, VW drops as sales fall

European shares extended losses late on Monday morning, with banks weaker, Volkswagen down 10 percent after saying group vehicle sales fell in October and U.S. futures lower.   Full Story  
Yesterday, 14:50 | Reuters

Global lenders IMF give aid in financial crisis

International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn told the BBC that his organisation was likely to need at least $100 billion in extra funding over the next six months in order to help countries out of the mire.   Full Story  
Yesterday, 14:25 | Reuters

PFTS opens down on low liquidity

The beginning of the week on the PFTS is characterized by low liquidity and the lack of activity, Tiger Asset Management reports.   Full Story  
Yesterday, 13:45 | Elena Plekhanova, Kyiv Post Staff writer

Global credit crisis hurts tiny loans in South Asia

MUMBAI, Nov 17 (Reuters) - A global credit crisis that has felled large investment banks and prompted multi-billion dollar bailout packages is also hurting unlikely victims half a world away: small south Asian businesses dependent on microfinance.   Full Story  
Yesterday, 11:00 | Reuters

China gives no sign of bailout help after summit

BEIJING (AP) -- China got what it wanted in Washington's financial summit -- a promise of a bigger role for developing countries in global finance -- but gave no sign Sunday whether it will respond by using any of its $1.9 trillion in reserves in a bailout fund.   Full Story   Yesterday, 00:33

World leaders urge fast action on financial crisis

WASHINGTON (Reuters) - World leaders pledged rapid action on Saturday to rescue a weakening global economy from the worst financial crisis in over 70 years and agreed to give emerging nations more say in running financial affairs.   Full Story  
16 November, 11:24 | Reuters

Russia, Ukraine spar over Georgia war film

MOSCOW, (Reuters) - Russia and Ukraine accused each other on Thursday of spreading misinformation over a film about the August war between Georgia and Russia, stirring further discord between the ex-Soviet neighbours.   Full Story  
14 November, 18:26 | Reuters

Russia gives $2 billion loan to Belarus

MINSK, Belarus (AP) - Cash-strapped Belarus will receive a $2 billion loan from Russia to help stabilize its struggling, Soviet-style economy, the government said Friday.   Full Story  
14 November, 16:21 | Associated Press Archive