BEIJING – Chinese Premier Wen Jiabao urged northeast Asian powers to cooperate more in the face of global economic headwinds, as China, Japan and South Korea agreed at a summit on Sunday to soon launch negotiations on a three-way free trade pact.
Reuters: Business News
Archive for category Business
East Asian powers agree on trade pact talks
JPMorgan $2 billion loss hits shares, credit, image
NEW YORK/LONDON – JPMorgan Chase & Co lost $ 15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $ 2 billion trading loss by demanding stiffer oversight for the banking industry.
Reuters: Business News
Wall Street Week Ahead: Stocks face choppy seas of bank woes, uncertainty
NEW YORK – More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase’s trading loss.
Reuters: Business News
JP Morgan sends Wall Street lower
NEW YORK – Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $ 2 billion from a failed hedging strategy, dragging bank shares lower.
Reuters: Business News
JPMorgan has $2 billion trading loss, reputation hit
(Reuters) – JPMorgan Chase & Co said on Thursday that it suffered a $ 2 billion trading loss from a failed hedging strategy, a disclosure that hit financial stocks and the reputation of the bank and its prominent CEO, Jamie Dimon.
Reuters: Business News
Stock index futures signal losses, Cisco eyed
PARIS – Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.08 percent, Dow Jones futures down 0.18 percent and Nasdaq 100 futures down 0.15 percent at 0930 GMT.
Reuters: Business News