U.S. stocks slipped on Thursday as drops in telecommunications and biotechnology stocks offset optimism about the economy spurred by a sharp fall in the number of workers filing new claims for jobless
U.S. retailers reported disappointing sales declines for July, suggesting shoppers are still searching for bargains and basics in the downturn. July's results mark the 11th consecutive month of falling sales at stores
Morgan Stanley said on Thursday it agreed to pay the U.S. Treasury $950 million to redeem warrants to buy its stock, freeing it from the government's bank bailout program. Morgan Stanley in
The United States, Europe, China and South Korea lead global "green" spending plans after committing about $500 billion to boost low-carbon technologies and protect the environment, under wider plans to boost the
The European Central Bank kept interest rates on hold at a record low on Thursday as it waits to see the impact of efforts so far to revive the economy and credit
The European Central Bank and Bank of England both kept interest rates unchanged on Thursday but the latter said it would pump more money into the UK economy by buying bonds, driving
The Bank of England took a far bigger step than expected to boost Britain's recession-hit economy on Thursday, expanding its quantitative easing programme to 175 billion pounds from 125 billion. The central
The European Central Bank kept its main refinancing rate unchanged at a record low of 1.0 percent on Thursday, as expected by economists. Markets are now turning their attention to President Jean-Claude
British construction orders rose 18 percent in the second quarter of 2009 compared with the previous three months, but were still down 21 percent on the year, official data showed on Thursday.
The European Central Bank and Bank of England appeared set on Thursday to keep interest rates unchanged, prompting equity investors to extend their five-month rally but keeping currency and bond markets edgy.
