U.S. Treasury Secretary Timothy Geithner will face tough questions from lawmakers on Tuesday as he spells out the basics of the Obama administration's plans to reshape financial regulation at a high-profile congressional
U.S. President Barack Obama urged fellow leaders on Tuesday to agree swift action at a G20 summit next week to spur global recovery and Britain's Gordon Brown embarked on a tour to
Lloyd's of London, the specialist insurance market, said its profit halved in 2008 because of hefty hurricane losses and weaker investment returns. Lloyd's, which traces its origins back 321 years to a
The videogame sector is looking for a resurgence this year through casual users and programs for mobile phones, themes that will be underscored this week at one of the industry's most closely
The take-up of Nokia's N-Gage gaming service has accelerated since the top cell phone maker has started to pre-install it in new mid- and higher-end phone models, a spokesman said on Tuesday.
China is not afraid of the Internet, its Foreign Ministry said on Tuesday, even as access to the popular video sharing site YouTube appeared to be blocked. YouTube has unavailable for users
Governor of the Central Bank of Cyprus Athanasios Orphanides said on Monday that in time there would be ''further significant reductions in loan interest rates,'' and expressed optimism that the Cypriot economy
The recession in the United States will stretch well into next year, probably raising the need for another fiscal stimulus package at least as large as the first one, prominent economist Martin
Goldman Sachs Group Inc and China's ICBC have been in discussions about the New York bank reducing its stake in the world's largest financial institution, according to a report on Tuesday. Like
Asia stocks rose to their best level in two months on Tuesday and higher-yielding currencies jumped against the yen as Washington's plan to relieve banks of toxic debt spurred investors to pick
