By Jasmin Melvin As a deep recession strips Americans of their jobs, homes and investments, the 2009 U.S. tax season promises to see a large uptick in first-time delinquent income taxpayers. "Our
Sales at U.S. retailers fell in March, snapping two months of increases, a government report showed on Tuesday, indicating the recession was far from hitting bottom as mounting unemployment depress consumer spending.
The U.S. Energy Information Administration on Tuesday cut its forecast for 2009 world oil demand by 180,000 barrels per day from its prior March estimate to 84.09 million bpd, as the global
Poland will be the second country after Mexico to take advantage of the International Monetary Fund's flexible credit line, Finance Minister Jacek Rostowski said on Tuesday. "Poland's government will soon file to
U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the latest figures on housing and consumer spending suggest a rapid contraction in the economy could be easing. "Recently we have seen tentative signs
Construction figures for the fourth quarter confirm what was already suspected, namely that there was a fall in construction output in the fourth quarter. The production index in construction for the fourth
Tourism arrivals in Cyprus fell by 15.2% compared with the same period of the previous year in the first quarter, reaching 194,127 compared with 228,962 in the corresponding period of 2008. The
World stocks powered to fresh three-month highs on Tuesday after strong earnings from Goldman Sachs, while jitters about other corporate results kept government bonds and the low-yielding yen on a firm footing.
White House economic adviser Christina Romer said on Tuesday that the United States will experience continued job losses and a falling gross domestic product for several more months. "We know the economy's
Copper leapt as much as 8 percent on Monday to its highest since late October, tracking a rally in the Chinese market and as a fall in inventories improved the outlook for
