Bank of America Corp <BAC.N> said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire
The global financial crisis could push 11 million more people into poverty and another 23 million to the brink of poverty in eastern Europe and central Asia by 2010, according to a
Gold struck another peak on Thursday because of its investor appeal as a safe asset and Asian stocks looked past Wall Street's weak finish to eke out gains. The yen slipped amid
U.S. online job postings fell slightly in November, due to a dip in demand for health care-related positions and employers' continued unease regarding economic recovery, a private research group said on Thursday.
Moody's Investors Service said Wednesday that Asian banks have a relatively small exposure to Dubai and Dubai World companies, based on the rating agency's preliminary survey of the banks it rates in
World stocks advanced for a third straight session on Wednesday with anxiety over Dubai's debt problems taking a backseat and focus shifting to this week's economic numbers and the European Central Bank's
Gold hit record highs in dollar and non-dollar terms on Wednesday, demonstrating its strength irrespective of currency shifts, while copper swept to a 14-month peak with fund buying stoking interest. The glow
U.S. crude futures fell below $78 a barrel on Wednesday after industry data showed a surprise build in U.S. crude stocks, raising doubts over demand recovery in the world's largest energy user.
The world's largest cellphone maker Nokia said on Wednesday it expects handset market volumes to grow around 10 percent next year, more than analysts expect. Nokia forecast its handset unit operating profit
European Union finance ministers are on the verge of a deal to set up new super-watchdogs to police banks following the economic crisis, Swedish Anders Borg Finance Minister said on Wednesday. The
