President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild U.S. infrastructure with an initial $50 bln investment and prepared new business tax cuts. "We are
British bank Barclays is to add up to 600 new jobs in Scotland where the financial services industry has been hit hard by the financial crisis. Barclays said on Monday it will
Farm aid should be reduced to about one third of the European Union's budget and spending could be shifted towards research and innovation, the EU's budget chief said on Monday. Budget Commissioner
World stocks rose on Monday on hopes that the U.S. can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States
Banks in the United Arab Emirates have been directed by the central bank to provide more frequent details of remittances to Iran, bankers said on Monday, in an apparent tightening of scrutiny
Sales of new cars in Britain fell 17.5% in August from a year ago, falling for the second consecutive month following the end of an incentive scheme to scrap old models, the
Britain's leading shares rose on Monday, led by banks and commodity stocks as risk appetite remained after a better-than-expected U.S. jobs report in the previous session. Cable & Wireless Worldwide gained on
GlaxoSmithKline's diabetes drug Avandia should be pulled from sale because of concerns about heart risks, British drug regulators said on Monday ahead of a special European meeting on the drug's safety. The
Encouraging news about the U.S. employment picture continued to spill over onto financial markets on Monday, lifting world stocks on hopes that a slip back into recession could be avoided. The mood
Junk-rated Continental AG lowered its borrowing costs markedly this week amid bullish bondholder sentiment, in an encouraging signal to other less creditworthy issuers waiting on the sidelines. Europe's market for speculative grade
