credit News Archive

Credit crisis spreading in 'negative feedback loop': IMF (AFP via Yahoo! News)

The credit crisis stemming from the US housing slump has triggered a "negative feedback loop" in the global economy that poses risks for growth, the International Monetary Fund said Monday.

Melco Crown falls on Credit Suisse downgrade (AP via Yahoo! Finance)

Shares of Melco Crown Entertainment Ltd., a developer and owner of casinos and resorts in Macau, fell Monday after a Credit Suisse analyst downgraded the stock to "Neutral" from "Outperform," saying its second-quarter earnings likely would be hurt by an unusually low win percentage.

Angels: Credit Hatcher for our hot bats (MLB.com)

Angels credit Hatcher for hot bats

Five Credit Card Traps Everyone Should Know About (WallStreet Journal via Yahoo! Finance)

Thanks to the credit crunch and a growing number of defaults, card issuers are coming down hard on borrowers. Here's how to avoid five common pitfalls.

Dollar May Fall for Third Day on Credit Losses, Rate Outlook (Bloomberg.com)

July 29 (Bloomberg) -- The dollar may fall versus the euro for a third day on concern credit market losses will widen, prompting traders to reduce expectations that the Federal Reserve will increase borrowing costs this year.

Australia Stocks Slump, Led by Banks on Credit Loss Concerns (Bloomberg.com)

July 29 (Bloomberg) -- Australian stocks fell, led by banks on concern losses could widen after the International Monetary Fund said yesterday that worsening credit conditions may prolong the global economic slowdown.

Toyota's U.S. Credit Unit Finds More Accounting Flaws (Update1) (Bloomberg.com)

July 28 (Bloomberg) -- Toyota Motor Corp. 's U.S. credit arm, which earlier this month said it incorrectly reported debt levels in recent financial releases because of a clerical flaw, found more accounting errors.

Stock market stumbles on credit worries (Reuters via Yahoo! News)

Stocks fell on Monday, leading the three major stock indexes more than 1 percent lower, as bank shares dropped on concerns of more credit losses in the financial services sector.

Stocks end in big retreat on credit fears (CNN Money)

Wall Street finished Monday in a sharp decline, reeling from continued concerns about the credit crisis and the battered U.S. economy.

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