Cyprus cut its economic growth forecast to 2.1% in 2009 from an earlier projection of 3%, and expects a small fiscal deficit this year, on the back of a sharp reduction in
Equity markets traded slightly lower and the dollar edged up against a basket of major currencies on Friday as investors awaited key U.S. jobs data for the latest reading on the stricken
Activist investor Carl Icahn called for changes in federal bankruptcy laws which he argues are thwarting the private investment which is more appropriate than public funds for reviving the banking system. "Why
U.S. employers probably cut the most jobs in at least 34 years last month as the global economic crisis gathered pace and moves by policy makers took time to filter through to
Vast, empty spaces in the middle of the show floor. Knots of uniformed salespeople standing idly next to flickering screens. A slow-moving crowd drifting from one display to the next. Can this
Sony Corp introduced on Thursday a bendable video screen, a Wi-Fi camera and eyeglasses that display movies, saying the industry must keep innovating in the midst of a severe economic slump. The
Flash memory card maker SanDisk Corp on Thursday rolled out a family of what it called the world's fastest multi-level cell, solid-state hard drives. At the Consumer Electronics Show in Las Vegas,
President-elect Barack Obama's economic team is urgently overhauling the $700 billion financial rescue package to broaden its scope beyond Wall Street, The Washington Post reported on Friday. Treasury Secretary nominee Timothy Geithner
Asian stocks edged down and the U.S. dollar drifted higher on Friday, as investors braced for the December U.S. payrolls data, expected to show sharp job losses and dash hopes for a
The rapid deterioration of the financial climate in the EU continued in December 2008, during which the index of confidence hit an historic low of the past 23 years. Poland, Bulgaria and
