The world's rich lost nearly 20 percent of their total wealth in 2008 as volatile markets wiped out two years of growth, a Merrill Lynch study showed on Wednesday. The total value
Stocks, bonds and the dollar rose on Wednesday after the European Central Bank lent banks almost half a trillion euros in a first ever one-year tender and the Swiss National Bank was
An unexpected jump in U.S. durable goods orders last month backed hopes that the economy was healing and this message was reinforced by a pick-up in home mortgage applications last week. New
Oil dropped to under $69 a barrel on Wednesday, falling back after U.S. industry data showed gasoline reservoirs swelled unexpectedly. By 1125 GMT, U.S. crude for August delivery was down 46 cents
European shares were higher at midday on Wednesday, boosted by the European Central Bank's biggest-ever liquidity injection, with banking and mining stocks leading the way. By 1022 GMT, the pan-European FTSEurofirst 300
British retail sales fell at an unchanged pace in June, though orders placed with suppliers picked up, a survey by the Confederation of British Industry showed on Wednesday. The CBI's distributive trades
Moody's Investors Service has downgraded the long-term and short-term local currency deposit ratings f International Bank of Azerbaijan to Baa3/Prime-3 from Baa2/Prime-2, and the long-term foreign currency subordinated debt rating to Ba1
A severe U.S. recession will bottom out this year, but any recovery will be weak due to anemic markets and shrunken consumer wealth, the Organization for Economic Cooperation and Development said on
Apple Inc chief executive Steve Jobs underwent a liver transplant at a Tennessee hospital and has "an excellent prognosis," the hospital that performed the operation confirmed on Tuesday. Jobs, 54, received the
Britain's top share index was 0.1 percent lower in early trade on Wednesday as weakness in defensive issues, such as drug and tobacco stocks, and heavyweight oils offset gains from miners and
