The dollar gave back gains from the previous session on Wednesday as dealers digested the latest U.S. financial rescue plan, while weak equity markets supported the yen and sterling fell due to
Oil pared gains to hold just above $38 a barrel on Wednesday after the International Energy Agency said fuel demand would contract more sharply than previously thought. Prices drew some support from
Investors voted with their feet against the newest U.S. bank bailout plan on Wednesday, knocking stocks lower, widening credit spreads and boosting safer-haven currencies. There was general concern that the $2 trillion
Google Inc on Tuesday said it would use its software skills to help consumers track their home energy usage and thereby lower demand and the global warming emissions that come from producing
The number of connections on mobile phone networks has crossed the 4 billion mark worldwide, industry association GSMA said on Wednesday, forecasting further growth to 6 billion by 2013. The number of
Chiefs of the biggest U.S. banks said they have not used government bailout money for executive compensation, dividends or lobbying and are taking cuts in pay, according to copies of congressional testimonies
Congressional negotiators and White House officials met behind closed doors late on Tuesday to try to work out disagreements over spending and tax cuts in an economic stimulus bill that could cost
Asian stocks fell, led by financials, and the U.S. dollar rose on Wednesday on scepticism about a new plan from Washington to heal the banking industry that could cost as much as
The U.S. Treasury Department on Tuesday unveiled a revamped financial rescue plan to cleanse up to $500 billion in spoiled assets from banks' books and support $1 trillion in new lending through
Iceland's new centre-left government unveiled a package of measures on Tuesday to help the country out of an economic crisis and renewed its call for the central bank chief to step down.
