European Union states reached a deal on Wednesday on introducing mandatory registration and direct supervision of credit rating agencies, a spokesman for the Czech EU presidency said. The sector has been criticised
Moody's Investors Service expects that solid demand for soft drinks and alcoholic beverages, together with recent price increases, and expected cost cuts, will allow the global beverage industry to maintain steady cash
World stocks clawed their way back up from multi-year lows on Wednesday as investors sought bargains after three days of steep losses brought on by deep fears for the world economy and
Prime Minister Gordon Brown said on Wednesday that Britain could have been stricter in its supervision of financial markets, but defended his response to the global financial crisis. "We should have been
Apple Inc refreshed its line of Mac desktop computers, adding stronger capabilities and nudging some prices lower as consumer spending feels the pinch of the recession. Apple introduced on Tuesday new models
California surgeon Calvin Lee has barely picked up his violin for 15 years but on Monday he was named a member of the first YouTube Symphony Orchestra and next month he plays
Lloyds Banking Group said talks with Britain's government about the terms of a scheme to cap its losses on billions of pounds of risky assets were "advanced and going well", downplaying reports
Stock futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes were up 1.5-2 percent on Wednesday, pointing to a higher start on Wall Street. General
President of the European Union Committee of the Regions (CoR) Luc Van den Brande has said that the Committee is preparing an opinion to address the Cyprus question at local level, but
By Mantik Kusjanto (Reuters) The economy is in its worst recession on record, the current account deficit is ballooning, the government faces a sea of red ink and credit ratings firms have
