News

Europe opens higher; Asia, Pacific markets rebound (CNN)
Europe's major markets opened in positive territory Friday, following Asia's lead in putting the brakes on what had been another steep round of investor selling.

Asia stocks at 5-year low (Reuters via Yahoo! News)
Waves of selling in world stock markets crashed into Asia on Friday, with gains from the region's 5-year bull run now erased as a global recession tightened its grip, and investors sought refuge in government bonds and cash.

Oil falls to 3-year low below $49 in Asia (AP via Yahoo! News)
Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic news, battered investor confidence.

Asia-Pacific markets up after early losses (UPI)
TOKYO, Nov. 21 (UPI) -- Major Asia-Pacific markets pared off opening losses Friday and closed in positive territory, giving a hopeful sign for next week's sessions.

Asia-Pacific ministers reject protectionism, vow trade (AFP via Yahoo! News)
Twenty-one Asia-Pacific economies making up half of world commerce made a plea Thursday against protectionism and urged a quick breakthrough in global trade talks to beat the financial crisis.

Dell to keep investing in Asia even as China slows (AP via Yahoo! Finance)
Dell Inc. plans to keep investing in Asia even as its sales growth in China slows, the computer maker's regional president said Friday.

China Will Be Asia’s ‘Dumping Ground’ in Slowdown: Chart of Day (Bloomberg)
Nov. 21 (Bloomberg) -- China, even as its economic boom decelerates, will be the growth engine for Asia’s exporters by serving as the “dumping ground” for electronics, food products and commodities, according to Thailand’s biggest manufacturer.

Asia-Pacific rejects protectionism, looks to revive WTO talks (AFP via Yahoo! News)
Twenty-one Asia-Pacific economies making up half of world commerce made a plea Thursday against protectionism and urged a breakthrough in global trade talks to beat the financial crisis.

Asia-Pacific Corporate Bond Risk Rises, Default Swaps Show (Bloomberg)
Nov. 21 (Bloomberg) -- The cost of default protection on Asia-Pacific bonds surged, according to traders of credit-default swaps.

Blackstone To Launch Asia-focused Hedge Fund In 2009: Report (Fox News)
Blackstone To Launch Asia-focused Hedge Fund In 2009: Report