Improving global manufacturing data lifted Asian shares on Tuesday near levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors pondered how much longer a
Global consumer confidence is stabilizing after falling for 18 months, providing a glimmer of hope for a shattered world economy in which three quarters of households cut spending, a survey showed on
General Motors Corp filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and
Australia's central bank kept interest rates unchanged on Tuesday after data showed improvements in the country's export and housing sectors, further fuelling hopes for a global economic recovery that have driven stock
U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency. A major goal
The U.S. manufacturing sector contracted at a slower rate in May, while consumer spending fell modestly in April, according to reports on Monday that were further evidence the deep recession was easing.
European stocks rose by midsession on Monday, driven by banks, commodity shares and automakers as optimism about a recovery in the global economy grew after China's manufacturing activity continued to expand in
World stocks and oil rose to their highest levels in almost seven months on Monday while the dollar hit 5-month lows after evidence of a recovery in global factory activity fanned optimism
Moody's Investors Service estimates in a report published Monday that recapitalisation needs from external sources for the Russian banking system in 2009 will be RUB1.3 trln (US$ 40 bln). The report identifies
China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed on Monday, adding to tentative signs that the world's third-largest economy is stabilising. "Weak external
