Lloyd's of London, the specialist insurance market, said its profit halved in 2008 because of hefty hurricane losses and weaker investment returns. Lloyd's, which traces its origins back 321 years to a
The videogame sector is looking for a resurgence this year through casual users and programs for mobile phones, themes that will be underscored this week at one of the industry's most closely
The take-up of Nokia's N-Gage gaming service has accelerated since the top cell phone maker has started to pre-install it in new mid- and higher-end phone models, a spokesman said on Tuesday.
China is not afraid of the Internet, its Foreign Ministry said on Tuesday, even as access to the popular video sharing site YouTube appeared to be blocked. YouTube has unavailable for users
The recession in the United States will stretch well into next year, probably raising the need for another fiscal stimulus package at least as large as the first one, prominent economist Martin
Goldman Sachs Group Inc and China's ICBC have been in discussions about the New York bank reducing its stake in the world's largest financial institution, according to a report on Tuesday. Like
Asia stocks rose to their best level in two months on Tuesday and higher-yielding currencies jumped against the yen as Washington's plan to relieve banks of toxic debt spurred investors to pick
European shares extended gains on Monday afternoon as better-than-expected U.S. housing data boosted Wall Street, already upbeat on a Treasury plan to cleanse banks of toxic assets. At 1602 GMT, the FTSEurofirst
The United States tried to persuade private investors on Monday to take on huge sums in banks' toxic assets, while the IMF warned of a drastic rise in unemployment that might threaten
Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, providing some good news for the recession hit-economy. Sales rose 5.1
