NEW YORK - US SHARES sputtered at the opening on Thursday after heavy losses in the prior session, as traders digested a weak earnings report from JPMorgan Chase and more weak economic data.
FRANKFURT - THE European Central Bank cut its main lending rate for the fourth time in a row on Thursday, lowering it half a point to 2 per cent, as it tries to battle a deepening recession in the 16-nation eurozone.
MUMBAI - INDIA'S biggest software services exporter TCS reported on Thursday that its third-quarter net profit rose by a lower-than-expected 1.57 per cent from a year earlier, hit by the global economic slowdown.
ZURICH - SWITZERLAND'S Holcim, one of the world's largest cement groups, said on Thursday it will cut some 3,300 jobs, mostly in the United States, as it seeks to deal with the global economic crisis.
