NEW YORK - WALL Street is proceeding cautiously into the first full week of 2009. Stocks are down in early trading as investors await a reading on construction spending and examine a tax-cut proposal by president-elect Barack Obama.
LONDON - WATERFORD Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection on Monday after attempts to restructure the struggling business or find a buyer failed.
A FORWARD-LOOKING indicator of manufacturing activity here has contracted for a fourth straight month in a clear sign that factory output is set to kick off 2009 with a whimper.
HANOI - BANKING giant HSBC has set up a wholly foreign owned bank in Vietnam, the first to do so under the communist-ruled country's opening of its financial services sector, the company said on Monday.
