Finance Style – Financial News & Articles Summary

By Daniel Schearf The International Monetary Fund says many Asian economies are to continue to tumble this year and will take some time to recover from the global economic slow-down.

Better-than-expected pending home sales report sends Nasdaq to a 6-month high, Dow and S&P 500 to almost 4-month highs. By Alexandra Twin, CNNMoney.com senior writer How strong are the nation’s 19 largest financial institutions? NEW YORK (CNNMoney.com) — Wall Street rose Monday, pushing the …

By Matthew Brown and Yasuhiko Seki May 1 (Bloomberg) — The yen fell to a two-week low against the euro as signs of recovery in manufacturing in China and the US sapped demand for the Japanese currency as a refuge from global financial turmoil.

By Peter A. McKay Investors bet that the US economy hit its trough in the first quarter and drove US stocks to three-month highs Wednesday ahead of the afternoon statement from the Federal Reserve. In recent weeks, investors have fixated on the light at the end of the tunnel for the US economy …

By Gavin Evans and Christian Schmollinger April 27 (Bloomberg) — Crude oil fell, snapping four days of gains, on concern the US economy will keep shrinking, worsening an oversupply.

WASHINGTON — Sounding slightly less terrified than they have at any time in the last six months, finance ministers from the United States and other wealthy nations said Friday that they saw “signs of stabilization” in the global economic crisis.

With significant drops in quarterly net income and revenue, Microsoft chief financial officer Chris Liddell said during the company’s earnings call Thursday he could “not be happy” with the company’s results.

WASHINGTON, April 24 (Reuters) – US Treasury Secretary Timothy Geithner said on Friday that signs of an easing in the pace of deterioration in the global economy should not be confused with the start of recovery.