European shares headed lower on Wednesday to break a two-day winning streak as the euphoria over bold government action to arrest a financial sector meltdown dissipated and recession fears took centre stage.
The global financial crisis will hit the German economy but not lead to a major, lasting slump, German Chancellor Angela Merkel said on Wednesday. Speaking in the Bundestag, the lower house of
The International Monetary Fund must be reshaped to help regulate the world's financial system and avoid a repeat of the global credit crisis, British Prime Minister Gordon Brown said on Wednesday ahead
Sharp Corp President Mikio Katayama said the Japanese electronics maker aims to sell 11 million units of LCD TVs in the year to March despite an economic slowdown and a firmer yen,
Motorola Inc, the world's third-biggest phone maker, unveiled a touch-sensitive phone to be sold by Verizon Wireless, as both companies look to compete with Apple Inc's iPhone. Motorola, which has been losing
LONDON, Oct 15 (Reuters) – Some of Britain's banks are urging the government to lift a ban on dividend payments imposed as part of its 37 billion pound ($65 billion) bail-out of
Most Asian stock markets fell 1-3 percent while gold rose on Wednesday on investor worries of lower corporate earnings in a weakening global economy, even as money markets continued to heal gradually.
More Britons are expected to have joined the dole queue in September than in any month since December 1992 as the economic slowdown deals the job market an increasingly heavy blow. Analysts
Eurogroup Chairman Jean-Claude Juncker said on Tuesday the financial crisis was not yet over despite stock price jumps in the last two days as governments moved to bail out the stricken financial
Gloom in the British housing market, where data showed confidence at a record low on Tuesday, is not expected to lift in the short term, as it will take time for the
