Low heat likely as China stews on derivative losses

A Chinese saying nicely sums up the likely fallout from this summer’s tussle between state firms and foreign banks over toxic derivative deals: “When […]

Fujii Says People Misinterpret He Supports Strong Yen

Japanese Finance Minister Hirohisa Fujii said people are wrong to think that he’s in favor of a stronger yen.
The currency pared its gains […]

G20 sets ambitious goals, but details still need work

PITTSBURGH–World leaders lined up yesterday behind sweeping promises to fix a malfunctioning global economic system in hopes of heading off future financial meltdowns. For […]

Morgan Stanley leads as M&A shows signs of life

Morgan Stanley is outrunning archrival Goldman Sachs as 2009’s busiest adviser on mergers as optimism grows that the crippling effects of the financial crisis […]

Airbus needs extra cash for new planes: report

Airbus, the world’s largest civil planemaker, needs at least an extra 800 million euros ($1.2 billion) over six years to develop greener and faster […]

Fed starts meeting, seen noting improving economy

The Federal Reserve opened a two-day meeting on Tuesday that was expected to end with a recognition the U.S. economy is on the mend, […]

What the Fed is mulling at this week’s meeting

The Federal Reserve meets this week against an improving economic backdrop, but with inflation not an imminent threat, the U.S. central bank is seen […]

Bank executives may have to wait for bonuses

OTTAWA–Canadian banks may be required to defer some executive bonuses, Finance Minister Jim Flaherty said yesterday, as he outlined new rules aimed at discouraging excessive […]

Lawyer helps businesses deal with layoffs

The focus of Susan Nell Rowe’s career has been helping businesses against workplace labor disputes. She doesn’t see the courtroom as much as she […]

Non-stop flights being eliminated from St. Louis

After American Airlines service cuts go into effect by next April, St. Louis no longer will have nonstop service available to the following destinations. […]