German industrial output bounced back strongly in May, boosting hopes that the recession is bottoming out, even though a summit of G8 leaders fretted about the slow pace of global economic recovery.
Economy jitters swept financial markets on Wednesday, weakening stocks, propelling the Japanese yen to a six-week high and dragging oil down to around $62 a barrel. Wall Street, however, looked set for
Britain set out plans on Wednesday to strengthen regulation of financial markets, including making banks hold higher levels of capital and increase liquidity to prevent a re-run of the credit crunch. Finance
U.S. stock index futures pointed to a flat open on Wednesday, after hitting a 10-week low the previous session, as anxious investors awaited the start of quarterly earnings season. After a rally
Moody's Investors Service has downgraded the foreign and local currency issuer ratings of Jebel Ali Free Zone FZE ("Jafz") in Dubai and the rating for Jafz Sukuk Limited AED 7.5 bln (USD
Leaders from the Group of Eight major industrial nations will warn against complacency over economic recovery on Wednesday at a world summit that will also tackle trade, climate change and food security.
Sony Corp Chief Executive Howard Stringer brushed off concerns that the PlayStation 3 video game console is too expensive, and said the company is unlikely to sell parts of its business amid
Google Inc is declaring war on Microsoft Corp by seeking to unseat the software giant's globally dominant Windows operating system for personal computers. Google, which already offers a suite of e-mail, Web
Chinese President Hu Jintao abandoned plans to attend a G8 summit in Italy on Wednesday, returning home early to deal with ethnic violence that has left at least 156 dead in China's
European equities ended down for a fourth straight session on Tuesday, led lower by utilities and energy shares, as investors remained nervous ahead of earnings figures and worries about the pace of
