President Nicolas Sarkozy will announce assistance worth billions of euros for the auto and housing sectors on Thursday in a stimulus package intended to help France's economy through the global downturn. Sarkozy
Nigeria's interbank foreign exchange market has effectively shut down, dealers said on Wednesday, as dollar supply dwindles and it waits to see if the central bank will allow the local currency to
The tanking world economy got the most blame when BHP Billiton dropped its $66 billion bid for Rio Tinto last week, but tough demands from EU competition officials were the more likely
Motorists must be glad the price of fuel is one thing they do not have to worry too much about as they face the worst recession since the 1930s, but cheap fuel
European stocks fell 1.8 percent early on Wednesday, with oil and bank shares leading the decline as investors digested a sharp drop in business services activity in the euro zone economy. At
British merger partners Lloyds TSB and HBOS pledged to pass on interest rate cuts or increase lending to small businesses as banks were blamed for turning off credit and urged to boost
MySpace users with mobile phones are about to find out if they can walk and watch TV at the same time. On Wednesday, News Corp's online social network will make video clips
Telus Corp, Canada's No. 2 phone company, said on Wednesday it is buying new technology from Nortel Networks Corp that lets telecom companies quadruple the capacity of their networks. Telus's deployment of
A tentative rebound in global stocks spluttered on Wednesday while euro zone government bond yields hit a three-year low as gloomy economic news highlighted the case for more aggressive interest rate cuts
Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their lustre despite offering the lowest yields in decades amid worries about the
