Monthly Archives: May 2011

TOKYO (Reuters) – The Bank of Japan’s loan scheme targeting growth industries drew solid demand on Tuesday, pushing its cumulative lending to just 60 billion yen ($740 million) from a 3 trillion yen cap and paving the way for debate … Continue reading →

NEW YORK (Reuters) – Ally Financial Inc, the United States’ largest maker of car loans, hopes that people have forgotten the time when “subprime” became a synonym for “disaster.” Ally, once known as GMAC Financial Services, is getting ready to … Continue reading →

BERLIN/VIENNA (Reuters) – European officials met on Tuesday to sketch out options for a second bailout package for Greece, with private sector participation still under discussion to help relieve the country of its massive debt burden. Senior EU finance officials … Continue reading →

HELSINKI (Reuters) – Mobile phone maker Nokia Oyj slashed its sales and profit outlook on Tuesday and scrapped forecasts for 2011 due to tumbling prices and intense competition, sending its shares crashing 15 percent. Nokia, once the undisputed force in … Continue reading →

NEW YORK (Reuters) – Consumers turned more pessimistic this month, while home prices fell back below crisis-era lows in March, pointing to an economy that continues to struggle. There were also more signs of softness in manufacturing, as a barometer … Continue reading →