Hopes for a U.S. government plan to subsidise mortgages lifted stocks and oil prices on Friday but the yen and government bonds fell, while investors look to a G7 meeting for further
Protectionist worries and dire figures from a shrinking euro zone economy set a gloomy tone for a G7 meeting on Friday where finance leaders will focus on tackling global recession and setting
G7 finance ministers headed to Rome to discuss the global economic crisis on Friday with a warning from Germany that the world could be plunged back into the dark days of the
European Commissioner for Enlargement Olli Rehn pointed out on Friday that there is a unique chance to reunite Cyprus in 2009 and that this chance should not be missed. Rehn said the
Olli Rehn, European Union Commissioner for Enlargement, has communicated to President Demetris Christofias the EU readiness to assist efforts towards a negotiated settlement in Cyprus. Rehn informed Christofias about the views of
The London Stock Exchange named former Lehman Brothers banker Xavier Rolet as its new chief executive, tasking him with tackling the twin challenges of rising competition and weak financial markets. Rolet, previously
European stocks were up 1.8 percent around midday on Friday, snapping a three-sessionlosing run, as Washington's plan to subsidise mortgage payments for troubled homeowners sparked a relief rally across the board. Recently
PepsiCo Inc reported lower quarterly earnings on Friday, hurt by restructuring and impairment charges and lower volume in its North American beverage business, but results met Wall Street estimates. Profit fell to
Toyota Motor Corp offered buyouts to some 18,000 U.S. workers and said it would cut pay for executives and blue-collar workers in North America, and an analyst warned it may soon cut
Microsoft Corp announced plans Thursday to open its own chain of branded stores as it looks to catch up with rival Apple Inc's successful move into retailing. The world's largest software company,
