HSBC unveiled a plan to raise $17.9 billion it is counting on to ride out the financial storm General Electric is banking on making money by fixing things it has already sold. But those hopes are being tested as competitors step up their own services offerings. in Asia and a U.S. consumer-lending market it plans to exit.
Could a junk rating on India's debt make things any worse? The answer from outside India is a resounding yes.
U.S. stock futures bounce off their worst close in more than a decade, as the previous session's rout stirs debate about whether a bottom has been found or whether there's more selling to come.
Our expectations of economic recovery remain oddly precise and restless, and it is instructive to see how wrong people were during the Great Depression.
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