European shares fell more than 1 percent in afternoon trade on Wednesday, with financial stocks losing ground after Morgan Stanley posted a net loss, and Roche putting pressure on pharmaceutical stocks. At
U.S. Treasury Secretary Timothy Geithner said on Wednesday that the United States bears a substantial share of the blame for the current economic crisis but the world must work together to ease
The U.S. economy is starting to show signs of shrinking more slowly but positive growth is not expected until sometime next year, the International Monetary Fund said on Wednesday. "There has been
Britain's top share index retreated in early afternoon trade on Wednesday after a downbeat UK budget, with insurers knocked by pension relief curbs, while banks saw gains eroded after weak Morgan Stanley
Sterling tumbled to a three-week low against the dollar on Wednesday after the UK government projected a massive increase in public debt and said it would increase taxes as it unveiled its
The British economy will shrink by 3.5 percent in 2009, finance minister Alistair Darling said on Wednesday, the fastest rate of contraction since World War Two. The finance minister also forecast government
British public borrowing spiked to its highest since records began more than 60 years ago in 2008/9 and unemployment hit its worst in more than 11 years, setting a grim backdrop to
European shares ticked higher early on Wednesday as banks gained ground, offsetting the impact of Roche, which tumbled after a cancer drug setback, while company results sent mixed signals. At 0830 GMT,
The number of Britons claiming jobless benefit rose by less than expected in March, although the total in unemployment number surged higher, while government borrowing hit a record high, data showed on
Dow Jones futures were down 0.5 percent at 0920 GMT, S&P 500 futures off 0.7 percent and Nasdaq futures off 0.5 percent, suggesting a softer start for U.S. stocks on Wednesday. *
