A broad economic stimulus bill, which President-elect Barack Obama wants the U.S. Congress to pass promptly, is not likely to be approved by the Senate during its short legislative session this week,
The yen nudged lower against the dollar but was underpinned by risk aversion on Tuesday as Tokyo shares fell following a drop in U.S. stocks on deepening concerns about a global recession.
Asian stocks fell by up to 5 percent on Tuesday as prospects of a deep global recession and the biggest job cut plan in history at Citigroup doused expectations for a financial
The latest U.S. effort to get more money flowing to consumers assumes that there are plenty of credit-worthy households eager to borrow and spend. That may not be the case. Rising unemployment
Citigroup Inc revealed plans to cut 52,000 jobs by early next year in Chief Executive Vikram Pandit's most dramatic move yet to restore profitability and bolster a sagging share price. The cuts,
Oil fell towards $56 a barrel on Monday after a meeting of the Group of 20 major economies ended with few concrete proposals on dealing with global recession. News that the Organization
U.S. industrial output rebounded in October after hurricane disruptions produced a stunning fall in September, but early data suggested manufacturing would suffer this month, according to reports on Monday. U.S. industrial production
Japan on Monday became the latest major economy to fall into recession, with France close behind, and U.S. stocks followed world markets lower after Citigroup said it would cut 50,000 jobs, adding
European shares fell further late on Tuesday, tracking losses in the U.S. market, as mining stocks declined on weaker metal prices and banks slipped on persistent concerns about the financial sector's health.
Top handset maker Nokia Oyj said on Friday the world's mobile phone market would fall in the fourth quarter and next year as an economic slowdown crimps consumer demand around the world.
