The currency markets have not been a restful place over the past few months, and that was particularly true last week, note Barclays Wealth analysts. Foreign exchange trading has become very volatile,
Sales of U.S. existing homes fell by a record amount last month as the recession picked up pace, although a collapse in gasoline prices gave consumer sentiment a rare lift, data showed
The dollar fell against the yen on Wednesday as weak U.S. housing data signalled a prolonged recession for the world's top economy, while Asian stocks edged up, but without much conviction, ahead
– Bleak housing data showed the United States and Britain were sinking deeper into recession and authorities from Washington to Tokyo worked hard to spend their way out of the worst downturn
Governments should be ready to increase their spending on economic stimulus programmes if circumstances require it, the International Monetary Fund's chief economist Olivier Blanchard said in comments published on Tuesday. Here are
Subordinated bank debt, the riskier end of the debt spectrum, may take a further hit on worries banks will miss interest payments. Bayerische Landesbank looks set to become the first major bank
Sales of newly built U.S. single-family homes slowed in November to the weakest levels since 1991, according to Commerce Department data on Tuesday that offered fresh evidence of housing market distress. The
Concerns about the deteriorating global economy pushed oil below $40 a barrel on Tuesday and drove the two-year euro zone government bond yield to record lows, while European stocks rose, helped by
Oil prices slipped below $40 a barrel on Tuesday, weakened by evidence of falling oil demand as the world economy slows. Final third-quarter U.S. gross domestic product data due later on Tuesday
Internet comedy site Funny Or Die, supported by actor Will Ferrell and seeded by Sequoia Capital, has raised $3 million in cash from a single, undisclosed investor. The financing also includes an
