Stocks extended losses on Wednesday after Treasury Secretary Henry Paulson said his department would consider capital needs of non-bank financial institutions, renewing concerns about the scope of problems in the U.S. economy.
Bank of England Governor Mervyn King sounded unapologetic on Wednesday even as the Bank made its biggest revision to its economic forecasts since it was made independent in 1997. Although one of
Russia and China have suspended talks over $25 billion in loans to Russian oil companies due to disagreements over interest rates and state guarantees, two Russian sources close to the talks told
Google Inc will defend or even grow advertising market share as global spending shrinks in the downturn because its "efficient" model is suited to hard times, Chief Technology Advocate Michael T. Jones
YouTube will venture into webcasting later this month, in an effort to take the video sharing Web site's popularity to a new level by showcasing the talent behind its most viewed videos.
Cyprus' main commercial banks have announced a 0.5% reduction on all loans connected to the European Central Bank's base rate. The decision by Bank of Cyprus, Marfin Laiki Banka and Hellenic Bank
The trade deficit widened sharply in the first eight months of the year, as imports rose sharply and exports rose only slightly. According to the latest data from the Statistical Service, the
The EGM of SeaStar Capital Plc (SEAS) approved the authorization of the Board to proceed with the issue and allocation of 192,307,693 new shares of nominal value EUR0.04 each of the nominal
Sterling sank to a record low versus the euro and oil hit a 20-month trough while government bonds rose after a Bank of England report pointing to a sharp economic contraction raised
A number of deals designed to cure the global financial crisis were in danger of unravelling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration. Economies
