The U.S. budget deficit for the current fiscal year will come in at $1.3 trillion, down slightly from the record $1.4 trillion deficit posted last year, the nonpartisan Congressional Budget Office said
U.S. home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor's/Case-Shiller indexes
Britain needs a safer and more robust banking system, central bankers said on Tuesday, saying U.S. President Barack Obama's plans for a drastic bank sector overhaul were part of a much needed
Oil fell towards $74 a barrel on Tuesday after China implemented a clampdown on lending, rekindling concern that tightening moves by the world's second-largest oil user may limit demand. Crude approached a
Britain came out of recession in the fourth quarter of 2009, but only just and with a far weaker growth rate than expected, data showed on Tuesday, suggesting any monetary tightening remains
The Bank of Japan forecast on Tuesday prices would fall less than earlier thought but remained open to further policy easing in the face of renewed government calls for more support for
Tourism revenue in Cyprus fell for the second year in a row in 2009, dropping by 16.7% to EUR 1.49 bln, from EUR 1.79 bln in 2008 and EUR 1.86 bln in
An Ethiopian Airlines plane with 90 people on board crashed into the sea shortly after taking off from Beirut in bad weather early on Monday. Four bodies were recovered as a search
Civil servants pensions 3 times higher The Employers and Industrialists Federation (OEV) wants the Minister of Finance to call an urgent meeting of all interested parties to deal with the worsening economy
A new airline is to operate out of Glasgow following the collapse of Flyglobespan, it has been announced. Kiss Flights, which operates from eight UK airports outside Scotland, will be offering 12
