American International Group Inc. said that valuation declines on credit-default swaps sold to European banks could have a ??material adverse effect? on the company??s results.
U.K. financial services companies may cut 13,000 jobs in the third quarter even as they express rising optimism for the first time in two years, according to CBI, Britain??s biggest business lobby group.
Japanese consumer prices fell a record 1.1 per cent in the year to May, with falling demand increasingly blamed as the country??s second bout of deflation in less than two years deepens.