Asian Stocks, U.S. Futures, Dollar Decline After Fed Lowers Discount Rate Asian stocks, U.S. index futures and the dollar fell, while bond futures rose, after the Federal Reserve cut its discount interest rate and JPMorgan Chase & Co. agreed to buy Bear Stearns Cos.
Dollar Declines Below 97 Yen for First Time in 12 Years on Subprime Losses The dollar slumped below 97 yen for the first time in 12 years after the Federal Reserve cut its discount interest rate and financed the bailout of Bear Stearns Cos. by JPMorgan Chase & Co.
Crude Oil Rises as Credit Market, Dollar Concern Boost Commodities Buying Crude oil rose as much as 0.5 percent in New York as credit market losses in the U.S. and the sliding dollar prompted investors to buy commodities.
Japan's 10-Year Bonds Rise on Speculation Federal Reserve Efforts May Fail Japan's 10-year bonds advanced on speculation the Federal Reserve's efforts to aid the economy will not be enough to ease turmoil in global credit markets.
Japan's Service Index Rises 0.7% in January, Led by Entertainment, Finance Japan's demand for services rose in January, led by spending on auto maintenance, leisure and financial products.
Thailand's Surapong Says Political Instability Threatens Economic Growth Thailand, relying on populist policies devised by former premier Thaksin Shinawatra, still faces political schisms that threaten the revival of an economy blighted by the military coup that ousted him.
New Zealand's Consumer Confidence Slumped to Lowest in 19 Months in March New Zealand consumer confidence fell to a 19-month low in March, adding to signs that record-high interest rates are slowing economic growth.
Nippon Yusen, Kawasaki Kisen Drop as Yen's Gains Threaten to Cut Earnings Nippon Yusen K.K. and Kawasaki Kisen Kaisha Ltd., Japan's largest and third-largest shipping lines, fell to the lowest since January on concerns earnings will be eroded by the yen's gains against the dollar.
General News
China Rejects Dalai Lama's Charge Cultural Genocide Taking Place in Tibet China's provincial government in Tibet rejected the Dalai Lama's assertion that cultural genocide is taking place in the Himalayan territory and said the population enjoys religious freedom.
One China Eludes Ma Presidential Agenda as Taiwan Sees Kuomintang Winning Ma Ying-jeou's likely election as Taiwan's president on March 22 is raising expectations of a rapid end to military tensions and economic restrictions with mainland China. They may be misplaced.
Binge Drinking by Australia Youth Prompts $50 Million Reform Plan by Rudd With 48 cans of beer in the back and a bumper sticker that says ``Rum -- So Much More Than a Breakfast Food,'' Tom Dalfer headed to a remote Australian town last month with one purpose: to get as drunk as possible.
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