Writedowns and slumping investment income played havoc with earnings at Germany's Allianz and Dutch group ING, two top European insurers grappling with volatile equity markets. Shares in both fell sharply. ING said
Weakness in banks and miners outweighed gains in defensive pharmaceuticals and food producers, pushing Britain's top share index down 0.2 percent early on Wednesday. By 0803 GMT the FTSE 100 had slipped
China's industrial output rose less than expected last month, offering another reminder that the global economic recovery may not be as swift and strong as markets had hoped for. Mounting evidence that
Google Inc unveiled a slew of new and future features on Tuesday, including one that will allow people to better coordinate Internet searches on their cell phones and computers and another that
IBM Corp is set to begin selling a long-awaited software aimed at helping companies analyze real-time data, ranging from traffic data to manufacturing processes, to find more efficient ways to run their
Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a deep recession, or proof that they have enough of a buffer. Bank
The U.S. dollar fell to a four-month low on Wednesday as optimism about a global recovery and concerns about U.S. fiscal health reduced its safe haven appeal, while oil prices near $60
Moody's Investors Service has downgraded the global foreign currency (GFC) deposit ratings of 19 Ukrainian banks to B3 from B2 and the foreign currency debt ratings of five Ukrainian banks to B1
European shares briefly turned negative in afternoon trade on Tuesday, tracking losses in U.S. shares, as financial stocks retreated after recent sharp gains. At 1358 GMT, the FTSEurofirst 300 was trading 0.1
The U.S. trade gap widened in March for the first time in eight months as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed
