European Union wants drastic cut in fishing fleet to build up dwindling fish stocksBRUSSELS — With almost all stocks overfished, the European Commission on Wednesday called for drastic cuts in the EU’s 90,000-strong fishing fleet and subsidies to safeguard a sustainable and economically-viable fishing industry. Most Asian markets fall as banks hit after Geithner fails to ease financial fearsHONG KONG — Most Asian markets faltered again Wednesday, with China and Hong Kong shares tumbling almost 3 percent, as positive comments from the U.S. Treasury chief failed to reassure many investors about the health of the financial system. European stocks were slightly higher. Asia stocks mostly higher after Geithner says banks have enough capital, but fears remainHONG KONG — Asian stock markets stabilized Wednesday after the U.S. Treasury secretary said most of the country’s hard-hit banks have enough capital to weather the global financial crisis. Bank of New York Mellon, General Motors, Delta, Broadcom are big market movers TuesdayNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: How the Dow Jones industrials and other major stock indexes fared in Tuesday’s tradingRising bank stocks pulled the market higher Tuesday after Treasury Secretary Timothy Geithner reassured investors about banks’ balance sheets. Geithner’s assertion that “the vast majority” of banks have enough capital pulled stocks from a slump that began with a sell-off Monday and spilled over into Tuesday morning. Banks pull Street from slump after Geithner says ‘vast majority’ of banks have enough capitalNEW YORK — Treasury Secretary Timothy Geithner convinced Wall Street to give banks another chance Tuesday. Oil languishes below $46 in Asia after US bank concerns send crude, stocks plungingSINGAPORE — Oil prices languished below $46 a barrel Tuesday in Asia after renewed doubts about the health of U.S. banks sent crude and stock markets tumbling. Asian stock markets tumble as worries about banking industry flare; HK off 3.7 pctHONG KONG — Asian stock markets tumbled Tuesday, with benchmarks in Tokyo and Hong Kong down 2-3 percent, after news of mounting bad loans at Bank of America rekindled worries about the financial system and halted Wall Street’s six-week rally. European markets traded higher. Oil hovers below $46 in Asia after US bank concerns send crude, stocks plungingSINGAPORE — Oil prices languished below $46 a barrel Tuesday in Asia after renewed doubts about the health of U.S. banks sent crude and stock markets tumbling. Most Asian markets inch higher as investors await earnings; China shares gain on Wen commentsHONG KONG — Asian stocks edged higher Monday as the Chinese premier’s positive assessment of the world’s third-largest economy helped soothe nerves ahead of key earnings reports from leading U.S. companies. European markets opened lower. |