Sterling's fall against major currencies is helping a much-needed rebalancing of the British economy towards exports, Bank of England Governor Mervyn King said in an interview published on Thursday. King's remarks pushed
World stocks slipped from the previous day's 11-month high on Thursday as falling oil prices and caution ahead of the Group of 20 summit prompted investors to cut back on risky assets.
The fundamental credit outlook for the global paper and forest products industry remains negative as weak credit conditions in North America and Europe continue to outweigh slightly better industry conditions for Latin
The U.S. Federal Reserve is studying the idea of borrowing from money market mutual funds as part of eventual steps to withdraw stimulus, the Financial Times reported on Thursday. The Fed would
Britain's top share index fell 0.8 percent in early trade on Thursday, tracking losses in the U.S. and Asia overnight, as markets reacted cautiously to positive comments made by the U.S. Federal
World stocks slipped from the previous day's 11-month high on Thursday after oil prices fell and caution grew ahead of the Group of 20 summit meeting, prompting investors to cut back on
The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession, while reiterating its promise to hold interest rates very low for a
Asian shares outside Japan fell on Thursday, mirroring investor caution in the United States, while the dollar lost ground to higher-yielding currencies after the Fed pledged to keep interest rates low. European
Sales of the PlayStation 3 video game console jumped in the weeks after a $100 price cut last month, Sony Corp's top PlayStation executive said on Wednesday. "We are up about 300
Vodafone announced a new Internet service on Thursday, offering access to a host of integrated social networks and applications, in its fight to grow data revenues and compete with smartphones like the
