HONG KONG (Reuters) - Japan's Nikkei share average tumbled almost 10 percent and oil prices dropped to a one-year low on Thursday after downbeat U.S. economic data spread fears of a more protracted and sharp global slowdown than initially expected.
HONG KONG (Reuters) - A warning of tough times ahead by Fed Chairman Ben Bernanke sent global markets sharply lower, with Tokyo shares tumbling 10 percent on Thursday, as investors brace for looming recession.
NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday gave a dour assessment of the U.S. economy, citing a "significant threat" from shuttered credit markets in remarks that indicated he was open to cutting interest rates further.
WASHINGTON (Reuters) - Big investors will be required to disclose their short positions to the U.S. Securities and Exchange Commission under an interim final rule issued by the SEC on Wednesday night.
SAN FRANCISCO (Reuters) - Online auction leader eBay Inc gave a disappointing forecast that promised little holiday cheer and said it was suffering from a widespread consumer spending slowdown that would drag on into 2009, sending its shares down 3.5 percent.
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