The U.S. economy is grim, and the Federal Reserve is "duty bound to apply every tool" to clean up the financial system and clear a path for a return to sustainable growth,
World stocks slipped for a third session in a row on Wednesday and government bonds and the low-yielding yen gained as poor earnings from U.S. aluminium group Alcoa sparked concerns about other
China's new, 850 billion yuan ($124.3 billion) health care reform plan aims to bring coverage to 200 million uninsured Chinese, but it still relies heavily on spending by cash-strapped local governments and
Japan prepared to unveil details of a $100 billion stimulus plan on Wednesday as it seeks to counter weak domestic demand and plunging exports, while aluminium producer Alcoa Inc kicked off the
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as mounting fears over corporate results knocked down stock markets around the world. * After the closing bell
The Cyprus News Agency (CNA) has signed an agreement of cooperation with the Egyptian Middle East News Agency (MENA). The agreement was signed Tuesday in Cairo by Chairman of the CNA Board
Computer users' growing fear of worms and viruses could be behind a recent spike in attacks on PCs via bogus security software, according to a Microsoft Corp report published on Wednesday. As
Dollar funding costs inched down on Wednesday and tighter cross currency swap differentials revealed further improvement in dollar liquidity across markets from Europe to Asia. While the improvement in spreads has been
U.S. securities regulators meet on Wednesday to consider restrictions on short selling, a type of investing blamed by some lawmakers and executives for exacerbating the financial crisis and driving down share prices.
The yen rose broadly on Wednesday as falls in share prices and worries about upcoming earnings results for big U.S. companies prompted investors to sell higher-yielding currencies. The yen recovered from multimonth
