16 May 2005 06:36 AM

Russia and the Paris Club of sovereign creditors were on Thursday closing a deal about buying back some of its bilateral debt on Moscow’s proposal.

16 May 2005 06:35 AM

By the end of 2004, this government aid went upon pension plans whose liabilities exceeded assets by $23 billion. The Bush administration proposed to make companies with defined-benefit pension plans pay larger premiums

16 May 2005 06:09 AM

Morgan Stanley five senior brokerage managers in charge of European and Middle Eastern business left the company after CEO Philip Purcell declared May 10 that morale at the unit is ``solid.’’

16 May 2005 06:06 AM

On Tuesday, a court allowed United Airlines to hand over responsibility for its pension plans to the government. Those plans have a deficit of nearly $10 billion. United workers and retirees with bigger pensions will suffer, because there is a limit on what the government will pay to each of them. But even after the government will have deprived $3 billion out of United Airlines beneficiaries, there will be more than $6 billion remain on its shoulders.

16 May 2005 06:04 AM

The US economy is indeed in a ’soft patch’, the survey of economists polled by Wall Street Journal showed. The poll of 56 private economists resulted in a drop of the expected GDP annual growth expectations by one-half percentage point, down to 3.2% annual rate. The

16 May 2005 06:03 AM

Moody’s Investors Service, one of the prominent US credit ratings agencies, has downgraded Ford Motor Co.’s debt to the lowest investment grade Baa3, down two notches from its previous rating Baa1. Moody’s that has not changed Ford’s rating since 2002 gave the company’s bonds a negative outlook. The

16 May 2005 06:02 AM

The scandal on Deutsche Boerse that led to the ouster of two top executives has triggered a probe by German markets regulator BaFin into whether the investors in the top publicly-traded stock-exchange operator in the world properly acted in countering the stock exchange’s bid for London Stock Exchange PLC or properly behaved

16 May 2005 03:33 AM

The Nikkei 225 fell 101.89 points, 0.92% to 10,947.22.

14 May 2005 08:15 AM

China is on the point of putting into effect new measures to check increasing textile exports. The textile topic became critical for trade relations with the European Union and the U.S. A top Chinese textile-industry official confirmed that Chinese government discussed some restricting measures

13 May 2005 04:08 PM

The Dow Jones Industrial declined 49.36 points, or 0.48%, to 10,140.12. The Nasdaq Composite rose 12.92 points, or 0.66%, to 1,976.80. The S&P500 fell 5.33 points, or 0.46%, to 1,154.03.

13 May 2005 02:19 PM

China has launched a campaign to bring down real estate prices that raise fears of a speculative housing bubble. The measures used by the government include tax and other steps that are aimed at providing a supply of affordable homes for the population. A notice

13 May 2005 01:27 PM

The Dax Index rose 8.65. points, or 0.20% to 4275.70, the FTSE 100 Index fell 6.70 points, or 0.14% to 4886.50, the CAC 40 Index advanced 2.24 points, or 0.06% to 4017.89.

13 May 2005 01:15 PM

S&P RATINGS CUT ITS LONG-TERM RATING FOR ALCAN TO BBB+

13 May 2005 01:12 PM

Morgan Stanley’s dissident executives demand the company to split into two companies saying it is better to serve institutional clients apart from individuals.

13 May 2005 12:34 PM

A nomination of John Bolton to represent the US in the United Nations was sent to the full chamber without an endorsement amid the hottest battle over the Bush administration’s nominee who was known for harsh comments on the UN policy.