Oil extended losses on Tuesday as the dollar strengthened and Tropical Storm Hermine showed no signs of disrupting crude or refining output around the Gulf of Mexico. U.S. crude for October tumbled
The euro fell on Tuesday from a three-week peak against the dollar hit the previous day, as rekindled worries about the European banking sector prompted investors to cut risks. The euro fell
Barclays is expected to appoint Bob Diamond as its new chief executive in a shake-up at the British lender, media reports said on Tuesday. Diamond, who heads the group's investment banking arm
President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild U.S. infrastructure with an initial $50 bln investment and prepared new business tax cuts. "We are
Greek Prime Minister George Papandreou reshuffled his cabinet early on Tuesday to try to better deal with the debt crisis and signalled he would stay the fiscal course by leaving his finance
British bank Barclays is to add up to 600 new jobs in Scotland where the financial services industry has been hit hard by the financial crisis. Barclays said on Monday it will
Farm aid should be reduced to about one third of the European Union's budget and spending could be shifted towards research and innovation, the EU's budget chief said on Monday. Budget Commissioner
Greek bank deposits shrank for a seventh straight month in July as consumers and businesses withdrew cash balances to cope with austerity or ship money abroad to shelter it from the country's
World stocks rose on Monday on hopes that the U.S. can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States
. Australian Labor Prime Minister Julia Gillard will know on Tuesday if she can form a new minority government with the support of three independents, ending more than two weeks of uncertainty
