The U.S. government agreed to prop up troubled No.2 bank Citigroup Inc with more than $300 billion, the latest bailout in a sector crippled by exposure to toxic mortgage debts and a
Asian share markets fell around 1 percent on Monday, with bank stocks leading the drop, and so-called safe-haven assets like the yen gained as investors cautiously eyed potential U.S. measures to prop
The U.S. economy is likely to emerge from its downward slide next year and the Federal Reserve should keep its it eye on the risk that inflation may accelerate along with growth,
By some measures, sterling's recent slide is even greater than the fall in late 1992 when it was ejected from a group of European currencies, but the chances of a repeat rescue
Gold jumped almost 6 percent to its highest in a month on Friday, buoyed by a weakening dollar and rising oil prices while other precious metals rallied, tracking bullion's gains. Spot gold
Citigroup Inc shares tumbled for a fifth straight day, as Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence.
U.S. stocks fell into negative territory on Friday as shares of financials including Citigroup declined and investors worried about the deepening economic slump. The Dow Jones industrial average fell 67.47 points, or
Google Inc said it would shut down its three-dimensional virtual experience website by year end to focus more on its core search, advertisements and applications business. The company said in its blog
NBC News has made a big pitch to the Facebook generation, offering users of the social-networking site the chance to test their knowledge using video from the network's vast archives. The "What's
Cyprus has one of the highest gender specific income gaps in the European Union, EU Commissioner for Employment, Social Affairs and Equal Opportunities Vladimir Spidla said. Addressing Friday a conference in Nicosia
