World economy stabilizing: Krugman

The world economy has avoided "utter catastrophe" and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday. "I will not be surprised to see world trade

HSBC says much of 2010 will be challenging

Europe's biggest bank HSBC Holdings said on Friday it intended to continue to pay quarterly interim dividends but added that business would remain challenging during much of 2010. "Turning to the outlook.