U.S. existing home sales rise in May

Sales of previously owned homes in the United States rose at a slower-than-expected pace in May, an industry survey showed on Tuesday, pointing to a sluggish recovery from the severe economic recession.

Success depends on a credible exit strategy

As the European economy suffers its worst post-war recession, the European Recovery Plan provides needed fiscal support to ailing economies. But rising public debts and the contingent liabilities incurred by governments to

European stocks flat, UBS shines

European shares were flat on Tuesday, having briefly turned negative amid doubts about the timing of a return to economic growth, which sent stock markets in the United States and Japan sharply

Europe extends global slide in stocks, oil

Europe extended a global slide in equities and oil on Tuesday while the low-yielding yen hit a three-week high against the dollar as investors grew concerned about the prospect for global economic

Apple CEO Jobs at work on Monday: witness

Apple Inc Chief Executive Steve Jobs was at the company's headquarters on Monday, underscoring speculation the pancreatic cancer survivor may have returned to work. Jobs, who has been on medical leave since