The world's leading economies, including emerging powers like China, agreed in Sao Paolo on Saturday on the need to take measures to stimulate growth and fight off the threat of a global
The Latvian government announced on Saturday the surprise takeover of the country's second largest bank, Parex, as the global financial crisis hit the small Baltic state where economic growth has fallen sharply.
European shares climbed on Friday and Wall Street looked set for a positive start as investors sought to balance a new era of lower interest rates with signs of a deteriorating world
European shares pared gains on Friday after data showed the U.S. economy lost more jobs than expected in October in the tenth consecutive month of declines, which exacerbated concern over the severity
US employers cut payrolls by 240,000 in October, much more severely than expected, while the US unemployment rate shot up to 6.5 percent from 6.1 percent in September, the highest since March
European shares rose by midday Friday, on course for their first daily gain in three sessions as energy and mining stocks gained and fuelled a modest bounce after Thursday's near 6 percent
Most Asian stocks fell on Friday in the face of a rapidly slowing global economy, which dragged oil briefly below $60 a barrel, though hopes for more policy action to support growth
Stocks fell 2 percent on Thursday as a disappointing revenue outlook from Cisco Systems and bleak sales from some major U.S. retailers pointed to a worsening economic downturn. Retailers adding to concerns
Britain slashed borrowing costs by a surprising 1.5 percentage points Thursday and the European Central Bank (ECB) also cut rates, reflecting worldwide concern over the advance of global economic recession. The ECB,
Major retail chains posted disappointing October sales as consumers, stunned by a financial crisis that threatened to derail the U.S. economy, shunned all but the most crucial of purchases. Discounter Wal-Mart Stores
