The parliament of Latvia backed sharp budget cuts on Tuesday as the country tries to win more European Union (EU) and International Monetary Fund (IMF) loans to prevent bankruptcy and possible devaluation.
New U.S. housing starts and permits surged in May from record lows, while producer prices rose at a slower pace despite higher gasoline prices, boosting prospects for the economy's recovery from recession.
Global stocks climbed off early lows on Tuesday led by European shares following data showing a surge in German investor sentiment, while the dollar stayed under pressure after Russia said the world
The U.S. dollar slid on Tuesday after Russia, before a meeting of the biggest emerging market powers, said the world needs new reserve currencies, while Asian stocks fell, as investors cut their
Norway's Opera Software on Tuesday unveiled its new free service enabling simple sharing of pictures, files or music from computers, with anyone on the Internet. The direct downloading from PC to PC,
U.S. software company Adobe Systems Inc said on Monday it had moved Acrobat.com out of public beta testing and would charge subscribers to use the online version of its popular PDF reader
Research In Motion is adding another smartphone to its BlackBerry lineup as it aims to win market share among both executives and mainstream consumers despite tough economic conditions. The new model is
U.S. stocks tumbled, marking their worst slide in a month on Monday after regional manufacturing data dented optimism about the economy's health and resource shares fell alongside commodity prices. After a series of
The central banks of Japan and Australia on Tuesday reported signs of improvement in their economies, but investors were shaken by poor data from Europe and the United States and by an
Italian Prime Minister Silvio Berlusconi, meeting with U.S. President Barack Obama on Monday, called for concrete results on financial regulation, climate change and trade at next month's G8 summit of world leaders.
