Shares across Asia fell sharply tracking Wall Street's drop overnight by nearly nine per cent as an influential group of economists declared that the US was in recession.

Fertilizer maker says second-quarter sales were softer than expected, withdraws fiscal 2009 guidance.

Investors sue to get their money back on renegotiated loans.

Asset manager will book $2.24 per share in charges this quarter for support for loss-riddled funds.

Yields in the government bond market skidded through 50-year lows as the Fed chairman suggests the central bank might buy them to aid the U.S. economy.