The credit crunch explained Everyone has something to say about the credit crunch but very few can explain simply what it’s all about and where to go next: this well-published economist does
Billions lost by the superrich Many of Russia's richest men, who borrowed furiously during Russia's 10-year economic boom to expand and make acquisitions, are struggling to get loans as the global financial
By Steve Slater (Reuters) Fred Goodwin became Europe's highest profile casualty of the credit crunch after striking a deal too many at Royal Bank of Scotland. RBS was on Monday forced to
By Richard Mably (Reuters) World oil prices are likely to fall further if the rush to cash across global financial markets continues but crude is unlikely to dip for long below the
By Steve Gorman (Reuters) The turmoil on Wall Street is aggravating tough economic times on Main Street as small businesses, accounting for half of U.S. private-sector goods and services, begin to feel
By Kerstin Gehmlich (Reuters) – Lukas Schmidt was staring at the alluring photos of white sandy beaches and palm trees on display in the shop window of a Berlin travel agents but
By Michael Conlon (Reuters) A London businessman may have to put off his wedding. A Hong Kong housewife is too worried to make investments. A student in Slovenia sees an automobile loan
By Fredrik Dahl (Reuters) For some Iranians, it's a galling thought: the United States may oust Iran as the world's largest producer of pistachio nuts this year because of one of the
By Alistair Lyon, Special Correspondent (Reuters) Like anyone invested in global financial markets, Arab sovereign funds, investment banks and rich individuals are taking a severe beating. Also getting queasy are those who
By Martinne Geller (Reuters) Susan Coyne had her heart set on a new pair of earrings at Saks Fifth Avenue in New York, a purchase she would not have thought twice about
