Spain's troubled Bankia stock soars 25.88%
MADRID: Shares in Spain's troubled Bankia soared 25.88 per cent on Friday as the financial sector staged a dramatic recovery a day after 16 banks were sharply downgraded by Moody's.
Asian stocks sink on Europe and US worries
HONG KONG: Asian markets slumped and the euro fell further on Friday as the eurozone debt crisis was stoked by a ratings downgrade for Greece and 16 Spanish banks, while weak US data added to the pessimism.
"Free-falling" Indian rupee hits new lows
MUMBAI: The Indian rupee plumbed new depths on Friday, sinking to a record low against the dollar for the third successive day amid turmoil on global markets.
Home prices fall in 60% of big Chinese cities
SHANGHAI: Prices for new homes in China fell in more than 60 percent of major cities in April from March, the government said Friday, as moves to curb the property market took effect.
Taiwan, New Zealand to begin trade pact talks
TAIPEI: Taiwan has said it will begin talks on a trade pact with New Zealand later this year, as part of its moves to join a Pacific-wide economic bloc.
Chinese firms blast new US duties on solar cells
SHANGHAI: Chinese companies have slammed the United States as "short-sighted" and warned of a trade war after it imposed hefty duties on solar cells it said were being sold at artificially low prices.
Japan ups economy view for first time in 9 months
TOKYO: Japan on Friday upgraded its view of the economy for the first time in nine months, a day after better-than-expected growth figures and thanks to a pickup in exports and consumer spending.
Asian markets tumble on eurozone turmoil
HONG KONG: Asian markets slumped and the euro fell further on Friday as the eurozone debt crisis was stoked by a ratings downgrade for Greece and 16 Spanish banks, while weak US data added to the pessimism.
Oil slides on deepening fears over eurozone
SINGAPORE: Oil extended its losses in Asian trade Friday on growing concerns that the eurozone's debt woes could worsen, causing a global crisis that would ravage energy demand, analysts said.
Greek banks, hostage to rumours, new poll
ATHENS: Greek banks, struggling to stay afloat after two years of unending crisis, are back in the firing line, beset by rumours of a run on deposits and facing more uncertainty as the country holds fresh polls.
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