The world economy will shrink 1-2 percent this year, World Bank President Robert Zoellick forecast, as a slew of European and U.S. data pointed to declines in demand, production and employment on
Economic gloom returned to financial markets with a vengeance on Thursday with warnings about further declines in demand and production hitting equities and boosting bonds. Japan's yen rose strongly as investors began
Apple introduced a smaller version of its popular iPod Shuffle music player on Wednesday with a new feature that tells the user what song is playing. The new 4-gigabyte gadget costs $79,
Google Inc is seeking to blur the line between the telephone and the computer even further with the introduction of Google Voice on Thursday. The new service weaves traditional phone features with
Britain's Home Retail Group Plc , owner of the Argos high street catalogue and Homebase do-it-yourself chains, said it was prepared for an "extremely challenging" 2009, with profits expected to slump 40
The global economy may shrink 1-2 percent this year, World Bank President Robert Zoellick said, as revised Japanese data confirmed the world's No. 2 economy suffered its deepest slump since the oil
New Zealand's central bank cut interest rates to an all-time low on Thursday and signalled the easing cycle was close to an end as it forecast the ailing economy to slowly recover
Stocks rose on Wednesday, with the benchmark S&P 500 index attempting the first two-day advance in a month, as investors held out hope that Washington would restore confidence in banks by relieving
British investors face a 20 billion pound dividend shortfall this year as UK companies opt to protect their balance sheets in the global recession. The slide in earnings caused by crumbling demand
Former U.S. Federal Reserve Chairman Alan Greenspan said lower rates on long-term, fixed-rate mortgages and not the Federal Reserve's policies are to blame for the U.S. housing bubble. "Between 2002 and 2005,
