The United Nations revised its 2009 global economic growth forecast down sharply on Wednesday, accounting for a deeper financial crisis that threatens to push unemployment past the 50 million mark. In a
Sales of existing homes in the United States rose 2.9 percent in April, according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom. The
Cyprus has decided to increase the amount of its euro-bond issue from EUR 1 bln to EUR 1.5 bln following the massive over-subscription witnessed today when the book-building for the 4-year bond
OPEC ministers set their sights on oil at $75-$80 on the eve of policy talks in Vienna, but were expected to hold output steady and rely instead on economic recovery to drive
Stocks opened slightly lower on Wednesday as General Motors (GM.N) inched closer to bankruptcy and investors had their sights on a key report on the housing market. Biotechnology shares weigh down the
Chrysler looks set to clear its last major hurdle in its sprint through bankruptcy court on Wednesday, when a judge is expected to overrule more than 340 objections and approve its sale
Microsoft Corp plans to launch a new version of its Zune portable media player later this year in the United States, incorporating high-definition video, touch screen technology and Wi-Fi connection. Microsoft said
Intel Corp will start producing a new, more powerful version of its Xeon multiprocessor chip for servers in the second half, a spokesman said on Tuesday. The new chip, code-named Nehalem EX,
Cannibalization of laptop computer sales by lower-priced netbooks is currently about 20 percent, "less than speculation", Intel's European sales chief told Reuters on the fringes of a company event. Christian Morales said
Japan's April exports rose for a second month and consumer confidence in France and Sweden improved, buoying hopes on Wednesday that the global financial crisis was easing and supporting global stocks and
