Looming US bank earnings spook Asia
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Asian stock markets closed lower on Tuesday, as concerns over the outlook for the US ahead of a slew of bank earnings and trumped initial technology-driven gains on better-than-expected results from companies including IBM, Samsung and LG Philips.
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Asian stocks took a breather on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut this week helping to offset renewed worries about a global credit squeeze.
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For insurers, though, the third hurricane in almost as many weeks could herald an earnings hit. For Allstate (NYSE: ALL), Chubb (NYSE: CB), and St.
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Asian shares slumped on Wednesday, tracking heavy losses on Wall Street amid fears a crisis in U.S. mortgage lending is spreading to the wider economy.
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Stock markets tumbled across Asia on Wednesday and the dollar hit a 2&frac12;-year low against the yen amid heightened fears that the US is falling into a recession.
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SHANGHAI, JAN. 22 -- Stocks across Asia took precipitous falls Tuesday for the second day in a row, reflecting fears that a weak U.S. economy could derail growth worldwide.
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Asian shares slumped on Wednesday, tracking heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending that spooked investors nursing losses from a sharp sell-off two weeks ago.
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Investors are looking for an onslaught  of company earnings and economic data next week to give  direction for U.S. stocks after some early signs of slower  profit growth got the year off to an uncertain start.
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Asian shares are hit amid the growing belief that the US - the region's key export market - is sliding into recession.
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Asian stocks struggled to make gains  on Friday and the yen inched off lows against the euro and the  dollar as investors fretted about the health of the U.S.  economy ahead of the release of closely watched jobs data.
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Asian stocks tumbled anew on Friday after the latest salvo of sour signals about the U.S. economy pummeled Wall Street, sending the benchmark S&P 500 sprawling 3 percent lower to a 15-month nadir.
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Business & money: Markets on both sides of the Atlantic take  fright  at data showing weakness in the US and Germany.
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A dividend cut and pink slips at National City Bank are harbingers of a bleak results season for U.S. commercial banks.
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NEW YORK - Third-quarter earnings are meeting Wall Street&#39;s expectations, but the lack of company forecasts on future earnings - or disappointing outlooks in many cases - is starting to have investors worried.
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Global equities put in mixed performances yesterday as US investors booked profits following last week's strong gains but Asian markets rallied in response to Friday's burst of corporate takeover activity.
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LONDON/SINGAPORE  - Three Asian banks' heavy exposure to the limping U.S. home loan sector reinforced global credit jitters on Friday but Germany and Italy saw no signs of new problems.
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Stock futures fell on Thursday after Bank of America Corp , the No. 2 U.S. bank, missed quarterly profit estimates, adding to worries about the outlook for the financial sector.