Chip maker Advanced Micro Devices Inc plans to spin off its manufacturing plants into a $5.7 billion joint venture with Abu Dhabi to get a cash injection and shrink debt to better
Britain announced plans to inject up to 50 billion pounds ($87.2 billion) into its biggest retail banks on Wednesday and Hong Kong slashed interest rates to try to stem the global financial
Central banks across Asia stepped up to offer more support to commercial banks on Wednesday, to try to ease painful pressure on funding costs from a vicious global credit squeeze. Just a
Britain's top share index slid 6.8 percent early on Wednesday as the global financial crisis raised fears of a deep recession, battering heavyweight commodity stocks, and banks remained weak despite a UK
The British government unveiled on Wednesday a plan to bolster ailing banks and shore up the financial system. Following are some key facts on the package. RECAPITALISATION The government will spend at
Stocks around the world plunged on Wednesday, with the benchmark world equity index hitting 4-year lows as recession concerns and a lack of globally coordinated action to stem the credit crisis hit
By Peter Griffiths LONDON, Oct 8 (Reuters) – Identity thieves are targeting existing bank and credit card accounts because the financial crisis has made it harder for them to steal money by
Asian stocks plunged, with Japan's Nikkei dropping by the most since 1987, while the yen surged on Wednesday as fears of a global recession snowballed with no sign of a coordinated response
Oil rose more than $3 a barrel on Tuesday after a big interest rate cut in Australia raised hopes that other countries would follow suit to bolster economic growth, a move that
EU finance ministers, seeking a confidence-booster as the global financial crisis pounded tiny Iceland on Tuesday, agreed to increase the minimum level of bank deposit insurance across the 27 European Union countries.
