President Barack Obama's $825 billion stimulus plan and his pick for Treasury chief cleared key hurdles in Congress, a step forward in efforts to contain the global economic crisis that is battering
World stocks rose from this week's 7-week low on Thursday as banking shares recovered after a heavy sell-off, while European government bonds tumbled on concerns the countries may borrow more to boost
Nokia is looking to challenge Blackberry-maker Research in Motion's (RIM) dominance in mobile email as corporates cut spending amid economic slowdown and the market focus shifts toward retail consumers. RIM created the
Asia stocks clung to small gains on Thursday, with investors reassured after bank shares fuelled a Wall Street rally, but with global economic gloom still pervasive, safe-haven trades such as the yen
Sony Corp warned it would post a bigger-than-expected $2.9 billion operating loss this business year due to sliding demand, a stronger yen and costs to restructure its ailing electronics operations. The maker
An $825 billion economic stimulus package sought by Democrats cleared a key hurdle on Wednesday as a House of Representatives panel approved major portions of the spending initiatives in the plan that
Moody's Investors Service said that the second government support package announced by the Danish government for the domestic financial sector is a positive development, but the rating agency does not expect it
The fundamental credit outlook for the Israeli banking industry is negative, reflecting the expected slowdown in the domestic economy, as well as the impact of the ongoing global financial and economic crisis,
The fundamental credit outlook for Ukrainian financial institutions is negative, reflecting the likelihood that the banks' financial fundamentals will continue to be negatively affected by the uncertainty in domestic and international financial
European governments provided further support to ailing banks but failed to reverse mounting gloom on Wednesday, with a UK politician calling for nationalisation of two top lenders and Barclays shares sinking. Belgium
