Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favourable trading battered investment banking profits. Part-nationalised
Japan's Nikkei stock average rose 0.7 percent on Friday as exporters climbed after good news on U.S. jobs renewed hopes about the pace of economic recovery and as tech shares rose after
Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a
Pavle Radonic has worked as assistant manager for Hotel Belvedere, overlooking the medieval city of Dubrovnik, for 18 years. Except for the first few months on the job, he has never welcomed
Greece's new government pledged in its 2010 draft budget on Thursday to save the country from bankruptcy by cutting the deficit while keeping electoral promises to weather the impact of the crisis
U.S. business productivity in the third quarter grew at the fastest pace in six years and new claims for jobless aid fell to a 10-month low last week, indicating the decline in
The European Central Bank kept interest rates on hold at 1.0 percent on Thursday and investors are now braced for signs that it will soon start weaning banks off cheap and abundant
European stocks were down 0.3 percent by early afternoon on Thursday, with banks and miners among the biggest losers. Yet shares trimmed their losses after both the Bank of England and the
Until a few years ago, most Brazilians able to hoard cash would rush to buy U.S. dollars to prevent runaway inflation or another economic meltdown from wiping out their hard-earned savings. These
The Bank of England said on Thursday it would expand its quantitative easing programme by 25 billion pounds to help kick-start Britain's recession-hit economy. The increase brings the central bank's total asset-buying
