U.S. bank Wells Fargo forecast a record profit and South Korea averted recession in the first quarter, offering investors some hope that the most vicious period of the financial crisis has passed.
Turkey and the International Monetary Fund have agreed in principle on the conditions of a new loan deal worth up to $45 billion to help the country weather the global crisis, newpapers
President Barack Obama asked the U.S Congress on Thursday for an extra $83.4 billion to fund the wars in Iraq and Afghanistan this year, citing threats from al Qaeda and a resurgent
The U.S. Treasury Department is asking banks not to mention the regulatory "stress tests" as part of their first-quarter earnings results, according to a source familiar with government discussions. Many of the
Private equity firm CVC Capital Partners is buying iShares asset management business from Barclays for 3 billion pounds ($4.4 billion) in a deal that will be 70 percent funded by the British
The earnings season that begins in earnest next week is not expected to bring much joy to investors but it could go some way towards helping them decide whether markets and economies
Royal Bank of Scotland said on Thursday it had seen an early average take-up of 51 to 64 percent on its $23 billion three-part bond buyback and exchange offer. The bank said
Industrial output slumped across Europe in February, with German production set to fall further as one of the country's banks came close to nationalisation on Thursday. The grim European data followed Japan's
Britain's top share index was up 0.2 percent by mid-morning on Thursday ahead of the Bank of England's rate decision, as gains in banks and commodity stocks offset weakness in defensive issues.
The Bank of England left interest rates unchanged at a record low of 0.5 percent on Thursday, as expected, and said it would continue with its 75 billion pound ($110.5 billion) asset
