The U.S. Federal Reserve led a global round of emergency interest rate cuts on Wednesday in an effort to contain the worst financial crisis since the 1930s. The Fed said it was
The global cell phone market should grow at much slower-than-expected rates next year as consumers put off buying new devices due to deepening economic concerns, according to forecasts from analysts. While industry
YouTube, the world's most popular video-sharing site, will start to sell music and video games and experiment with new advertising formats to grow revenue, executives said on Tuesday. The Google-owned business is
Chip maker Advanced Micro Devices Inc plans to spin off its manufacturing plants into a $5.7 billion joint venture with Abu Dhabi to get a cash injection and shrink debt to better
Britain announced plans to inject up to 50 billion pounds ($87.2 billion) into its biggest retail banks on Wednesday and Hong Kong slashed interest rates to try to stem the global financial
Central banks across Asia stepped up to offer more support to commercial banks on Wednesday, to try to ease painful pressure on funding costs from a vicious global credit squeeze. Just a
British Finance Minister Alistair Darling said on Wednesday the government expected taxpayers' money being used for a huge bank rescue package to be repaid after three years. "The money will be in
Britain's top share index slid 6.8 percent early on Wednesday as the global financial crisis raised fears of a deep recession, battering heavyweight commodity stocks, and banks remained weak despite a UK
The British government unveiled on Wednesday a plan to bolster ailing banks and shore up the financial system. Following are some key facts on the package. RECAPITALISATION The government will spend at
The Committee of the Regions (CoR) has taken the initiative on 7 October to rename its 5th floor atrium “Open Ledra Street." The re-opening last April of the famous Ledra street crossing
