Bank of England Governor Mervyn King appeared in no hurry on Thursday to cut interest rates despite mounting evidence the British economy is on the verge of its first recession since the
American International Group Inc, the world's largest insurer, holds between $550 mln and $600 mln in Fannie Mae and Freddie Mac preferred shares, according to a source familiar with the investment. Investors
Amazon.com, the largest global online retailer, plans to start selling U.S.-produced wine on its website within the United States by early October, wine industry insiders said on Wednesday. Napa Valley Vintners, a
Written references could become old hat for hiring managers with one in five saying they use social networking sites to research job candidates — and a third of them dismissing the candidate
Japan's NEC Electronics Corp, the world's No.12 chipmaker, said on Thursday it would team up with IBM and others on next-generation microchips in a bid to beat mounting development costs. Chip makers
U.S. mobile phone companies have begun to see substantial returns from delivering data and not just voice, fueled by greater openness on their networks, industry leaders said on Wednesday. But top executives
Oil prices fell toward $100 on Thursday, weighed down by a stronger dollar and concerns over weakening demand. U.S. crude fell as low as $100.10, the lowest since early April, and was
The Board of Directors of Hellenic Bank Public Company Ltd decided to pay an interim dividend of 5 euro cent per share to the shareholders for 2008. The interim dividend will be
By Jonathan Cable (Reuters) The chances of a British recession are rising as the economy grinds to a halt, compelling the Bank of England to cut interest rates early next year after
President of the Republic of Cyprus Demetris Christofias, representing the Greek Cypriot community, and the leader of the Turkish Cypriot community Mehmet Ali Talat concluded their deliberations after a meeting in Nicosia,
