Credit Card and Financial News

An up-to-date look at the Financial World

23 Oct

Asia markets gain as earnings spur recovery hopes (AP)

Posted in business on 23.10.09

People walk past the Citibank building in New York City. The Obama administration took an axe to executive salaries at firms rescued by taxpayer bailouts, cutting cash payments by 90 percent amid a public backlash at bloated Wall Street bonuses(AFP/Getty Images/File/Spencer Platt)AP – Asian stock markets rose Friday, spurred by another batch of optimistic quarterly reports from major companies in the U.S. and Asia even as worries remained that this year’s rally has overshot reality.



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