Shares in Asia and Europe fell on Friday, heading for their worst month ever, while the low-yielding yen surged as Japan's interest rate cut failed to erase concerns about the deteriorating global
Commerzbank is interested in a state capital injection that could see Germany take a stake in the country's second-biggest bank, according to sources familiar with the situation. The development comes as Commerzbank
Britain's online retailers have suffered a monthly traffic fall for the first time since records began three years ago, researchers Experian said on Friday. Experian division Hitwise said UK internet traffic to
Six U.S. governors and a group of chief executives on Thursday urged the Bush administration to aid the embattled auto industry while the White House rebuffed a request for direct support of
The Nikkei average dropped 5 percent on Friday after the Bank of Japan cut interest rates for the first time in seven years, though the cut was by a split vote and
Asian shares dipped on Friday and headed for their biggest ever monthly fall, but optimism that a new round of interest rate cuts may revive a comatose global economy helped many indexes
Two of Europe's big banks used newly relaxed EU accounting rules to boost their profits while a top executive said he saw no light at the end of the financial crisis tunnel.
The U.S. economy shrank at a 0.3 percent annual rate in the third quarter, its sharpest contraction in seven years as consumers cut spending and businesses reduced investment in the face of
More and more shoppers are willing to spend on gadgets with a touchscreen — even if it means they lose on extra features and better quality. Touchscreen technology has been sweeping consumer
Moody's Investors Service has downgraded the long-term local currency deposit ratings of all four rated Pakistani banks — National Bank of Pakistan, Habib Bank Ltd, United Bank Ltd and MCB Bank Ltd
