The deficit facing 7,400 of Britain's pension funds worsened in March to 242 billion pounds ($356 billion), more than 10 times its year-ago level,according to the Pension Protection Fund, an insurance scheme
Swiss bank UBS said on Wednesday it was cutting a further 8,700 jobs as losses from the global financial crisis mount, while data from the United States to China and Korea gave
US Stocks fell on Tuesday after an unexpected drop in retail sales dampened recent optimism over the state of the U.S. economy. Sales at U.S. retailers fell 1.1 percent in March, snapping
Sales at U.S. retailers fell in March, snapping two months of increases, a government report showed on Tuesday, indicating the recession was far from hitting bottom as mounting unemployment depress consumer spending.
Poland will be the second country after Mexico to take advantage of the International Monetary Fund's flexible credit line, Finance Minister Jacek Rostowski said on Tuesday. "Poland's government will soon file to
U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the latest figures on housing and consumer spending suggest a rapid contraction in the economy could be easing. "Recently we have seen tentative signs
World stocks powered to fresh three-month highs on Tuesday after strong earnings from Goldman Sachs, while jitters about other corporate results kept government bonds and the low-yielding yen on a firm footing.
World stocks rose toward a three-month high on Tuesday after strong earnings from Goldman Sachs, while jitters about other corporate earnings kept government bonds and the low-yielding yen on a firm footing.
Goldman Sachs' first-quarter profit beat forecasts, a further sign that the worst may be over for financial firms in the eye of the storm, but Singaporedevalued its currency after a record GDP
Japan's Nikkei stock average slipped 0.9 percent on Tuesday as worries over General Motors spurred investors to lock in profits on auto shares, while banks rose after better-than-expected results from U.S. peers.
