Sterling hit fresh 7-1/2 year lows against the dollar and European shares tumbled again on Wednesday as fears intensified about the banking sector, knocking Barclays shares down more than 20 percent. Investors
The Bank of England's Monetary Policy Committee voted 8-1 to cut interest rates by 50 basis points to a record low of 1.5 percent this month, with arch-dove David Blanchflower calling for
Microsoft Corp is expected to post a quarterly profit that misses its own target and announce thousands of job cuts this week as the global economic slump hurts even the technology industry's
Apple said on Tuesday it had launched an online shop selling second-hand Apple products in China, offering discounts of up to 22 percent, as it looks to beef up its business in
Intel Corp is slashing prices on a number of its processors, including cuts of up to 40 percent on some of its higher-powered, faster quad-core chips, as the world's largest chip maker
British Barclays Plc's shares tumbled a third in value to a 24-year low on Wednesday as the threat it needs to raise funds or could be nationalisated continued to dog the bank.
Continued signs of trouble in the financial sector and worrisome economic data sent Asian shares to their lowest in more than six weeks on Wednesday , bolstering the dollar and other assets
Italy's Fiat took an initial 35 percent stake in Chrysler, launching a venture designed to secure both carmakers' futures, as France asked its auto industry to commit to output targets in exchange
Shares in Lloyds Banking Group and Barclays fell heavily on Tuesday as concern resurfaced they may need state help to repair balance sheets hit by deepening economic gloom, dealers said. Europe's banking
Fears about banks and the world economy underlined the difficulties confronting incoming U.S. President Barack Obama on Tuesday, sending equities sharply lower. The dollar was stronger, however, with Britain's pound plunging on
