TOKYO - NISSAN Motor Co. said on Friday it was likely skipping all auto shows except for four this year as the Japanese automaker grapples with cost cuts to cope with plunging global demand.
WASHINGTON - FEDERAL regulators are raising the fees paid by US banks and thrifts, and levying an emergency premium to rebuild a deposit insurance fund depleted by a cascade of bank failures.
BANK lending has fallen again but the infusion of government-backed loans may have confined the decline to just 0.33 per cent.
Singapore-dollar bank loans totalled $271.3 billion last month, down a tad from December's $272.2 billion.
The rate of decline has slowed markedly since late last year, when loans in November dropped 1 per cent from October. They fell again in December but by just 0.37 per cent.
NEW YORK - WALL Street shares tumbled at the opening on Friday after data showing a deeper-than-anticipated fourth-quarter contraction in the US economy and a deal announced to boost the government stake in Citigroup.
