Belinda Hollins used to consider herself the "queen of subprime." The Kansas City-area mortgage broker rode the boom, then held on through the bust. Now she sees the good times starting to
China's economy grew at its slowest rate on record in the first quarter, data on Thursday showed, but stocks rallied on hopes the financial crisis was beginning to loosen its grip on
Asian stocks pulled back from a six-month high on Thursday, while the safe-haven yen jumped against major currencies after China posted its slowest quarterly growth ever in a reminder of the frailty
Russia's top economic decision makers clashed on Wednesday over whether some taxes should be cut to help business through the first recession in a decade, or whether the budget cannot afford to
Oil retreated from session highs to just above $50 a barrel on Wednesday, after OPEC's latest monthly oil market report predicted a faster-than-expected drop in world oil demand. By 1347 GMT, U.S.
Poland's decision to become the second country after Mexico to seek a standby credit line at the International Monetary Fund (IMF) is an insurance policy that should stabilise the zloty on the
By Gordon Bell Investors fear a shift in the policies that have fuelled South Africa's longest period of economic growth despite expectations that next week's election will leave the political landscape unchanged.
Royal Bank of Scotland is in talks with three banks interested in buying its Asian retail and commercial banking assets as it pulls back to core markets, a person familiar with the
Tentative hopes that the world economic crisis was easing took a new hit on Wednesday when Switzerland's largest bank UBS posted a quarterly loss of $1.7 billion and said it would axe
The United Nations envoy urged Greek and Turkish Cypriots on Wednesday to seize the opportunity offered by talks to reunite their island, but said time was working against a deal. "They really
