Prime Minister Gordon Brown will try to kickstart the stalling British economy on Monday by spending billions of borrowed pounds on tax cuts in a bid to stop a recession turning into
Emerging markets bank Standard Chartered plans to raise 1.8 billion pounds ($2.7 billion) from a rights issue to boost its capital base and give it flexibility to pursue acquisitions, it said on
German corporate sentiment fell sharply in November to its lowest level since February 1993 as manufacturers and retailers grew more gloomy about the economic outlook, a leading survey showed on Monday. The
The U.S. government agreed to inject $20 billion of new capital into one of the world's biggest banks, Citigroup Inc, to avoid a collapse that could have wrought financial havoc around the
The U.S. government has bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high risk assets and inject $20 billion of new capital, in its
Hundreds of people lined up at some Verizon Wireless stores on Friday to buy the BlackBerry Storm, the first touch-screen phone from Research In Motion that aims to compete with Apple's iPhone.
Internet search giant Google Inc is known for hosting the most extravagant holiday parties in Silicon Valley, often drawing crowds of over 10,000 and prompting some employees to post ads for party
The global financial crisis may have pushed Canada's economy into a "technical" recession, Finance Minister Jim Flaherty said on Sunday, the first time the Conservative government has conceded that possibility. "We may
The British government is set to announce on Monday it will inject up to 20 billion pounds ($29.68 billion) into the economy in a gamble to stave off a deep recession. Finance
The United States, China, Japan and 18 other economies in Asia and the Americas promised fast and decisive action on Sunday to prevent a severe global economic downturn. With recession gripping parts
