World stocks rebounded from a 5-1/2 year low on Friday and oil rose above $50 as expectations of further interest rate cuts helped to cushion deepening gloom about the broader economy. Wall
Signs of distress in the global economy mounted, with shares in U.S. bank Citigroup Inc plunging on fears about its future, oil prices falling and the future of U.S. automakers hanging in
Asian stock markets rebounded from a five-year low on Friday as a variety of rumours such as China cutting interest rates later in the day prompted investors to cover short positions before
The Swiss National Bank made a surprise full percentage point cut in interest rates on Thursday, trying to stave off a recession as the global outlook worsens fast, and other central banks
EU states raised doubts about the European Commission's planned 130 billion euro ($163 billion) growth package on Thursday, with Berlin criticising its tax cut proposals and Prague rejecting the idea of bloc-wide
Europeana, Europe’s multimedia online library opened its virtual doors to the public. At www.europeana.eu, Internet users around the world can now access more than two million books, maps, recordings, photographs, archival documents,
Moody's Investors Service has lowered the outlook on the B2 long-term foreign and local currency deposit ratings of Azerbaijan’s Respublika bank to ‘stable’ from ‘positive’ and the same ratings of Unibank to
With the UK economy in recession and unemployment, personal insolvencies and house possessions all rising sharply, the performance of Non-Conforming mortgages is likely to continue to deteriorate, says Moody's Investors Service in
Nokia has launched its new digital music site in Italy, Nokia Music Store, which already has a catalogue of more than 4 mln songs including top selling records from Universal Music Group,
Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. The second-largest
