Federal Reserve Chairman Ben Bernanke on Wednesday conceded for the first time the U.S. economy may slip into recession, but said growth should pick up later this year as the impact of
Bear Stearns as facing bankruptcy on March 14 without a major liquidity injection and U.S. regulators acted to save the company with the broader market in mind, a senior Treasury official will
LG Telecom Co Ltd, South Korea‘s third-biggest mobile service operator, may offer its third-generation service on phones using Google’s mobile software platform, LG’s chief executive said on Thursday. “We are using an
LONDON (Reuters) – The Lloyd’s of London insurance market’s profit rose 5 percent last year as it benefited from a low level of disaster claims, but it warned on Thursday that this
BEIJING (Reuters) – The U.S. economy has turned down sharply and is facing a tough quarter, U.S. Treasury Secretary Henry Paulson said. Speaking to reporters during a visit to Beijing, Paulson sidestepped
Consumer price inflation eased slightly in March, as the CPI index recorded a rise of 4.7% over March 2007, compared with a year-on-year rate of 4.9% in February. Compared with the previous
By Christina Fincher LONDON, April 3 (Reuters) – Investors scurried to bet on a British interest rate cut next week after data on Thursday pointed to a slowdown in the services sector
By Pete Harrison LONDON (Reuters) – British Airways said on Thursday the chaos surrounding the opening of its new terminal at London Heathrow had so far cost it around 16 million pounds.
FRANKFURT, (Reuters) – European shares trimmed some of their losses in afternoon trading on Thursday, taking their cue from leading Wall Street indexes, after data showed that the U.S. service sector contracted
Ericsson unveiled its M700 mobile platform, the world’s first commercially available LTE-capable platform, with peak data rates of up to 100Mbps in the downlink and up to 50Mbps in the uplink. These
