Britain's financial regulator said the tests it uses to gauge banks' capital strength assume house prices will halve and GDP shrink 6 percent in the current recession, making it the country's worst
European shares were lower in morning trade on Thursday, tracking a decline on Wall Street after a spike in Treasury yields triggered a sell-off in equity markets. At 0829 GMT, the FTSEurofirst
Moody's Investors Service has placed on review for possible downgrade the global local currency (GLC) deposit ratings of two rated Armenian banks (ACBA-Credit Agricole and Ardshininvestbank). All other ratings assigned to these
Britain's leading share index fell 1.1 percent early on Thursday, taking its cue from Wall Street where rising U.S. government bond yields were seen dampening hopes of an economic recovery. By 0721
Yahoo Inc CEO Carol Bartz said any deal to spin off or combine its Internet search assets will require a partner with "boatloads of money," and her company is talking "a little
Moody's Investors Service has placed on review for possible downgrade the global local currency (GLC) deposit ratings of three Lebanese banks (Bank Audi, Blom Bank and Byblos Bank). All other ratings assigned
Asian shares retreated from seven-months highs on Thursday as concerns grew that rising yields on U.S. government debt could push up borrowing costs and choke off a potential recovery in the world's
General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed, while the fate of GM's European brand Opel remained
Concerns about the debt burden facing countries trying to spend their way out of the economic downturn spooked investors on Thursday despite optimism from President Barack Obama that the U.S. economy was
The United Nations revised its 2009 global economic growth forecast down sharply on Wednesday, accounting for a deeper financial crisis that threatens to push unemployment past the 50 million mark. In a
