Asian stocks slid for a second day on Wednesday while the U.S. dollar climbed, with investors fleeing to the sidelines to await companies' business outlooks as what is expected to be a
British consumer confidence slipped in March as people fretted about rising job losses and a deepening recession, a survey showed on Wednesday. The Nationwide Building Society said its consumer confidence index fell
Britain's economy probably shrank by 1.5 percent in the first three months of this year after a 1.6 percent decline in the last three months of 2008, leading researchers said on Wednesday.
Part-nationalised British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next two years, including 4,500 in the UK, in an effort to cut costs. The
Stocks fell on Tuesday as investors braced for what is expected to be another dismal earnings season and fresh worries surfaced over the amount of toxic assets on bank balance sheets. Bank
World stocks turned lower and European currencies fell on Tuesday after data showed the euro zone economy shrank more than previously thought, fanning concerns about the impact on corporate profits. Gross domestic
Airlines are unveiling more evidence of the uphill task facing world leaders as they seek to kickstart moribund trade, with freight traffic plunging again in March and empty business seats adding to
Spain's Prime Minister Jose Luis Rodriguez Zapatero on Tuesday reshuffled his cabinet and dumped veteran economy minister Pedro Solbes in a bid to revive a government struggling with a deep recession. Solbes,
British industrial output suffered its biggest annual drop in February since records began 40 years ago, highlighting the extent to which the sector is being hit by the global downturn. Official data
World stocks steadied on Tuesday after hitting a two-month high in the previous session, while European stocks rose as investors awaited the start of U.S. corporate earnings season. An Australian interest rate
