business - "market"

Yes, the markets can bite back. Executives, regulators and politicians are scrambling to figure out just what created the current crisis and how it can be fixed.

Global markets continued their March declines, emulating their devastating January performance and reversing their February rebound. The downturn in commodities, highlighted by sharp drops in both oil (broke under $100, closed at $101) and gold ($945, was over $1,000), 10-year Treasury rates at their lowest level (3.34%, at least since my data series goes back - 1962), a dollar still struggling (Yen under 100 at 99.5, and the Euro at 154), and the potential global impact of a perceived U.S. recession all continue to fuel volatility (especially in the U.S. where it stands at a 70 year high) and uncertainty. Emerging markets, that have done the best, are giving up some of those profits. Notable were the BRIC countries, with China, which returned 69.8% in 2007, now down by 32.5% YTD for 2008; Brazil -9.8% YTD, 79.6% for 2007; India -32.0%, 80.8%; Russia -14.7%, 23.1%. The decline in the Developed markets was less server, but still significant (as were their gains in 2007). Notabl

'By exiting our call centers and significantly reducing our expense structure, we will have a more reasonable opportunity to build our contact services and data business into a profitable company for the future' PORTLAND, OR, March 21 / market WIRE/ -- Metro One Telecommunications, Inc. has announced a significant restructuring designed to improve cash flow and pursue its nascent data and contact services business. via Customer Interaction Solutions

The Dubai Financial market reported that the value of shares bought by foreign investors from March 16-19 has reached Dhs1.729bn or 40.1% of the total value of stocks traded during the period. Net foreign investment on the market reached Dhs218.2m during the same period, as aggregate sell.

Willis Group Holdings has been awarded the license to operate in Saudi Arabia by the Saudi Arabian Monetary Agency under the provisions of the Insurance Law of 2004. The company will operate under Willis Saudi Arabia.

Pan-American Life insurance co. has named Richard White executive vice president for its domestic markets. via International Business Times

Tokyo, Mar 22, 2008 (JCN) - Anticipating an international wave of digital cinema, the entertainment giant Sony has entered the digital contents market, and could boost its sales of software as well as...

AP - It's been almost an article of faith: Any recession this year will be mild and brief. But now the stunning meltdown of a top wall street investment bank and stubbornly persistent financial market turbulence has called that into question, raising fears that severe problems in housing and the nation's bedrock financial system could cripple the economy and wallop many millions of Americans.

Dubai-based Milan Real estate recently announced it is marketing two new projects in Dubai property line up - La Mer, based in the cultural village and Spica based in Jumeirah Village. La Mer is registered with the land department and is Escrow compliant, with end user finance available from Mashreq Bank upto 90%.

US Vice-President Dick Cheney meets Saudi Arabia's King Abdullah to discuss ways of stabilising the oil market.