Finance Stories

By Chikako Mogi TOKYO (Reuters) – Markets recovered some ground on Monday on value hunting after last week’s heavy losses, but investors remained wary over the euro zone despite world leaders calling for Greece to stay in the monetary union … Continue reading →

By Angela Moon NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the … Continue reading →

(Reuters) – J.C. Penney Co Inc (JCP) shares plunged nearly 20 percent on Wednesday, their worst decline ever, wiping away $1.43 billion in market value a day after the retailer shocked Wall Street with a much worse-than-expected drop in sales … Continue reading →

HONG KONG (Reuters) – HSBC (HSBA.L), Europe’s biggest bank, said it has made sustainable cost savings of $2 billion after one year of a 3-year turnaround plan, and is on target to meet its return on equity and other financial … Continue reading →

By Chikako Mogi TOKYO (Reuters) – Asian shares recovered some ground on Thursday from the previous day’s sell-off, but investors found little reason to chase risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone … Continue reading →

By Jilian Mincer NEW YORK (Reuters) – When Jennifer Anderson’s family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less than two years later, … Continue reading →

By Mike Dolan LONDON (Reuters) – Speculation about an endgame in Greece’s protracted crisis has flooded markets with euro exit scenarios this week, but investors reckon there’s still every chance that uncertainty will simply drag on for months. Seeking clear-cut … Continue reading →

By Olivia Oran and Alexei Oreskovic NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion … Continue reading →

By Chikako Mogi TOKYO (Reuters) – Asian shares fell more than 3 percent, the biggest one-day drop in six months, and the dollar rose broadly on Wednesday after efforts to form a new government in Greece collapsed, fuelling fears that … Continue reading →

By Denny Thomas HONG KONG (Reuters) – Macquarie Group (MQG.AX), U.S.-based Principal Financial Group (PFG) and Singapore’s United Overseas Bank (U11.SI) are among suitors that have submitted bids for ING‘s (INGA.AS) Asian asset management business in a deal that may … Continue reading →