European Union leaders will urge the G20 leading and emerging economies to double the size of the International Monetary Fund's arsenal for fighting global recession to $500 billion, a draft declaration showed
The U.S. dollar edged higher on Friday but still headed for its biggest weekly fall in 24 years on investor fears that it will lose its status as the world's reserve currency,
Online travel agencies, eager to spur spring bookings in the recession, are locked in a price battle that has some of them cutting fees and reimbursing customers if the price of their
Three of the world's biggest banks on Thursday embarked on fresh steps to boost their balance sheets, as governments moved to crack down on excesses that may have fueled the global credit
Two visiting space shuttle astronauts floated outside the International Space Station on Thursday to hook up a final set of solar panel wings to bring the orbital outpost to full power. Spacewalkers
By James B. Kelleher As they struggle to close ballooning budget deficits amid the worst financial crisis since the Great Depression, many U.S. state and local governments will be tempted to follow
The European Union resisted pressure to pump more cash into its recession-hit economies just as Washington added $5 billion more to its soaring rescue bill, throwing a lifeline to stricken auto parts
The U.S. House of Representatives swiftly passed a bill on Thursday to recoup controversial bonuses paid to American International Group Inc <AIG.N> as Treasury Secretary Timothy Geithner tried to calm the furor
Pirates seized a Greek-owned cargo ship off the coast of Somalia late on Thursday, the third such incident in the past two months, Greece's merchant marine ministry said. "The Saint-Vincent-flagged cargo vessel
Minister of Commerce, Industry and Tourism Antonis Paschalides departs Friday for Moscow where Cyprus will participate in the 4th International Tourist Exhibition entitled “Intourmarket 2009», organised by the Russian Federation. According to
