President Barack Obama will forecast a 2009 deficit of $1.75 trillion in a budget proposal on Thursday that sets goals of overhauling the healthcare system and shoring up the U.S. economy. The
Royal Bank of Scotland on Thursday reported a loss of 24.1 billion pounds ($34.3 billion) for 2008, the biggest in UK corporate history, and said it planned to place 325 billion pounds
U.S. banking regulators are not pursuing nationalization of troubled institutions struggling to shed toxic assets from their balance sheets, the chairman of the Federal Deposit Insurance Corp said on Wednesday. "Nationalization means
Apple Inc Chief Executive Steve Jobs wasn't even there, but at times it seemed like it was all anyone talked about at the firm's annual shareholders' meeting on Wednesday. In a lively,
The world's top cellphone maker Nokia is eyeing entering the laptop business, its Chief Executive Olli-Pekka Kallasvuo said in an interview to Finnish national broadcaster YLE on Wednesday. "We are looking very
British house prices fell by a bigger-than-expected 1.8 percent in February for a record annual decline of 17.6 percent, figures from mortgage lender Nationwide showed on Thursday. The 15th consecutive monthly fall
The United States launched a "stress test" programme to judge banks' resistance to a possible deeper recession, as investors await President Barack Obama's budget proposal to see what support it will give
Asian stocks edged lower on Thursday after an early rally fizzled and investors found few incentives to make long-term bets with economic and corporate profit prospects worsening. Major European stock markets were
Britain's Treasury and top banks were hammering out final details of a plan to limit lenders' losses on about 500 billion pounds ($728 billion) of risky assets, which the government said should
Two new pan-EU bodies should be set up to monitor risks and better coordinate supervision of financial institutions in Europe, a report to the European Commission is to recommend on Wednesday, according
