British house prices fell in October at their sharpest annual rate since records began in 1991, the Nationwide building society said on Thursday, as the housing market slump gains momentum. The mortgage
Mazda Motor Corp and Mitsubishi Motors Corp lowered their profit forecasts on Thursday to bring them in line with the brutal environment of a stronger yen, sinking demand and tightening credit plaguing
By Jane Merriman (Reuters) Exchange-style clearing offers a way forward for the multi-billion dollar over-the-counter market in oil derivatives that has seized up because of the credit crisis. Volumes of over-the-counter (OTC)
Japan and Germany said on Thursday they would plough billions of dollars into their economies, hoping to provide a cushion against a deep recession and complement a series of expected interest rates
World stocks and the euro rallied on Thursday, driven by bargain-hunting and sweeping gains in emerging markets after the U.S. Federal Reserve cut interest rates and opened swap lines to four developing
Asian share markets rallied and the euro surged on Thursday on initial signs that investors are rediscovering an appetite for risk in response to global efforts to prevent the financial crisis from
Oil rose above $70 a barrel on Thursday, building on its more than 7 percent surge in the previous session, after a U.S. Federal Reserve interest rate cut led the U.S. dollar
British Prime Minister Gordon Brown called on Thursday for the European Investment Bank to boost lending to small businesses which are suffering because of the global credit crunch and looming recession. Finance
British house prices fell 1.4 percent in the month of October to post their biggest annual drop since comparable records began in 1991, the Nationwide building society said on Thursday. The 12th
The Nikkei average surged 10 percent on Thursday to its highest close in more than a week, buoyed by exporters such as Kyocera on a softer yen, amid talk of a rate
