China and other emerging nations back Russia's call for a discussion on how to replace the dollar as the world's primary reserve currency, a senior Russian government source said on Thursday. Russia
English Premier League soccer team Tottenham Hotspur reported a record half-year profit on Thursday, boosted by player sales, but said it had not been forced to sell its top stars to balance
By Tom Perry Chadi Thoumas quit his job in the United Arab Emirates when his employer decided to slash his salary by more than two thirds. A victim of a sharp slowdown
Hundreds of thousands of people across France on Thursday began protests expected to draw at least a million demonstrators to the streets to denounce President Nicolas Sarkozy's handling of the economic crisis.
Investors approved HSBC Holdings Plc's record 12.9 billion pound ($18.4 billion) rights issue on Thursday, which the bank said would keep it financially strong as it faced "unprecedented turmoil". The bank said
By Paul Taylor They're at it again. European Union leaders are bickering about how to spend a small fraction of their economic stimulus effort while the U.S. Federal Reserve is boldly throwing
British house prices have yet to trough and it will be at least a year before they stabilise despite interest rates remaining at a record low, a Reuters poll showed. Average house
A bloc of fiscally conservative Democrats crucial to moving U.S. President Barack Obama's budget through Congress will demand strict spending and deficit controls as part of any final budget deal. Obama has
The shortfall in trade finance, which underpins a large share of the $13-14 trillion in global trade, is running at $100-300 billion, a senior World Bank official said on Thursday. The figures
A surprise injection of an extra $1 trillion into the U.S. economy by the Federal Reserve lifted global economic sentiment on Thursday but European leaders looked set to resist pressure to spend
