Markets pounded Greek bonds and banking stocks on Thursday, driving the debt-stricken euro zone member's borrowing costs to new highs and pushing it closer to tapping a last resort EU/IMF safety net.
Nokia will offer free music with its mobile phones in China, as it looks to emerging markets to boost the download service that is struggling to compete with Apple Inc's popular iTunes.
Stock index futures fell on Thursday, following global stocks lower, as persistent fears over Greece's public finances unsettled investors worried about sovereign debt defaults in Europe. Markets pounded Greek bonds and banking
A nascent pickup in consumer spending has expanded beyond discounters to teen clothing chains and other store chains, according to the first batch of March sales reports from U.S. retailers. In what
Asian stocks fell on Thursday as investors took profits after strong gains in recent weeks while the euro remained weak, waiting for the European Central Bank to flesh out lending rules likely
The World Bank has committed a record $100 billion in financial support over the past 18 months to help developing countries recover from the global economic crisis, the poverty-fighting institution said on
Cyprus Finance Minister Charilaos Stavrakis presented the Stability Programme to the press on Wednesday, which envisages to curtail budget deficit from 6.1% of GDP in 2010 to 2.5% by 2013. The plan
Greece's borrowing costs hit a new high on Wednesday after the government said the country's banks had asked for billions of euros in support and euro zone states argued over the conditions
Moody's Investors Service has confirmed the Ba1 issuer and Sukuk ratings of DP World, one the world's four largest container terminal operators, with a ‘stable’ outlook. On December 8, 2009, Moody's lowered
Goldman Sachs Group Inc (GS.N) said it did not intentionally "bet against" securities in the mortgage market during the financial crisis, dismissing suggestions that it unfairly made money by placing bets against
