U.S. Treasury Secretary Timothy Geithner said on Monday the financial system was beginning to thaw but any renewed pick-up in the economy would likely be slower than usual. "Recovery will be slower
The International Monetary Fund on Monday said a heavy dose of stimulus would ease the U.S. recession this year and lift growth marginally in 2010. It said the U.S. dollar was only
The head of the IMF questioned on Monday debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed a
There has been no let-up for the tourism sector in Cyprus, with the latest figures showing that tourism arrivals fell over the year earlier by 9.2% in May to 246,546, compared with
European shares were weaker at midday on Monday, weighed down by oil and gas stocks such as Royal Dutch Shell and miners, notably Rio Tinto, as a stronger dollar depressed commodity prices.
The head of the IMF questioned on Monday any debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed
The commercial aircraft chief of U.S. planemaker Boeing expects growth to return to the industry in the middle of next year, he told a news conference at the Pairs Air Show on
The 16-country euro zone lost a record 1.22 million jobs in the first quarter of 2009, data showed on Monday, highlighting the depth of recession and boding ill for any quick turnaround.
A retreat in mining and energy stocks, sparked by falling commodity prices, pulled Britain's top share index down 1.8 percent early on Monday. By 0758 GMT the FTSE 100 was down 78.86
The dollar rose across the board on Monday after Russia said the U.S. currency's role as the world's main reserve currency was unlikely to change in the near future, hitting energy and
