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By Daryl Loo Orchard Street Investment Management is planning to spend millions of pounds to buy majority stakes in properties with troubled mortgages, seeking hefty returns through restructuring deals with banks. The

By James B. Kelleher As they struggle to close ballooning budget deficits amid the worst financial crisis since the Great Depression, many U.S. state and local governments will be tempted to follow

By Tom Perry Chadi Thoumas quit his job in the United Arab Emirates when his employer decided to slash his salary by more than two thirds. A victim of a sharp slowdown

By Paul Taylor They're at it again. European Union leaders are bickering about how to spend a small fraction of their economic stimulus effort while the U.S. Federal Reserve is boldly throwing

By Alister Doyle, Environment Correspondent Investments of $750 billion could create a "Green New Deal" to revive the world economy and protect the environment, perhaps aided by a tax on oil, the

Scenarios being considered U.S. lawmakers are proposing various options to try to recoup millions of dollars in bonuses paid to executives of insurer American International Group Inc <AIG.N> after it got billions

By Lisa Baertlein Ron Barnard is throwing in the towel. Like a growing number of the 8.3 million American homeowners who owe more on mortgages than their homes are worth, he's ready

. It’s that time of year again, when an earnest group of specialists tastes more than a hundred local wines and pronounces upon them. Winners get a certificate and the right to

. The changes approved by parliament to the Social Insurance bill last week did not go as far enough as the anticipated general overhaul required to keep the Fund going and to

By Nerijus Adomaitis and Patrick Lannin Populations in the EU's recession-hit Baltic states look increasingly concerned about the durability of currency pegs that authorities still see as a cornerstone of their attempts