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Shares, bond yields plunge on fears for banks and global growth

NEW YORK Stock markets fell worldwide on Thursday on fears over the health of the global economy and the banking sector, with MSCI's global stock index dropping to more than 20 percent below its all-time high, while safe-haven 10-year Treasury yields hit their lowest since 2012. | Video

Recent Business News

Analtsis - Earnings bolster Cisco, but raise concerns for broader IT spending

SAN FRANCISCO Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth.

8:37pm GMT

Twitter shares slump to all-time low as user growth stalls

NEW YORK/SAN FRANCISCO Shares of social media website Twitter Inc hit an all-time low on Thursday after the company said late Wednesday that user growth stalled for the first time since the company went public in 2013.

7:59pm GMT

Japan government official says recent yen moves 'rough'

TOKYO A Japanese government official said on Friday that recent exchange-rate moves have been "rough," but declined to comment on whether Tokyo would directly intervene in the market to arrest sharp yen rises against the dollar.

Japan 11:09pm GMT

Fed's Yellen sticks to her guns as global market rout worsens

WASHINGTON Federal Reserve Chair Janet Yellen returned to Congress on Thursday and again stressed that the U.S. central bank was not on a "pre-set" path to return policy to "normal" given a worsening meltdown in global stock markets.

10:26pm GMT

IMF chief Lagarde goes unchallenged in bid for second term

WASHINGTON Christine Lagarde was virtually assured a second term leading the International Monetary Fund on Thursday when nominations for the job closed with no challengers.

IMF 8:28pm GMT
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