The global economy is starting to pull out of its deepest recession since World War Two but recovery will be sluggish and policies need to remain supportive, the International Monetary Fund said on Wednesday.
Wall Street looked for a slightly higher open on Wednesday after the International Monetary Fund said the global economy was starting to pull out of recession, offsetting investor anxiety over the start of quarterly earnings season.
U.S. stock index futures pointed to a flat open on Wednesday, after shares hit a 10-week low the previous session, as anxious investors awaited the start of the quarterly earnings season.
U.S. stock index futures pointed to a flat open on Wednesday, after hitting a 10-week low the previous session, as anxious investors awaited the start of quarterly earnings season.
U.S. stock index futures pointed to a slightly higher open on Wednesday, following steep losses the previous session, but anxiety over the start of the earnings season dampened optimism.
U.S. stock index futures pointed to a slightly higher open on Wednesday, following steep losses the previous session, but anxiety over the start of the earnings season dampened optimism.
Oil fell toward $62 a barrel on Wednesday, placing it on course for a sixth consecutive fall and the longest losing streak since mid-December, after the focus sharpened on economic weakness and data showed higher fuel stocks.
Switzerland has vowed to prevent UBS from handing over client information to U.S. authorities, in an attempt to defend bank secrecy, saying a tax case targeting its main bank is souring diplomatic ties.
Stock futures pointed to a mixed start on Wall Street on Wednesday morning after the previous session's steep losses. Futures for the Dow Jones industrial average were down 0.1 percent but those for the Nasdaq 100 and the S&P 500 were up 0.1-0.2 percent.
Economy jitters continued to sweep financial markets on Wednesday, weakening stocks, propelling the Japanese yen to a six-week high and dragging oil down to around $62 a barrel.
Leaders from the Group of Eight major industrial nations will warn against complacency over economic recovery on Wednesday at a world summit that will also tackle trade, climate change and food security.
Google is preparing to launch an operating system for personal computers next year, taking direct aim at the dominance of Microsoft Corp's Windows franchise.
Japan's Nikkei share average and oil prices hit six-week lows on Wednesday as investors pulled funds out of bets on the global economy's recovery and favored safe havens, such as the U.S. dollar and government bonds.
Ruth Madoff, the wife of imprisoned fraudster Bernard Madoff, will get her passport back, after U.S. District Judge Denny Chin Monday authorized U.S. Probation and Pretrial Services officials to return it, court documents showed.
The purported theft of a Goldman Sachs trading platform threatens to cost it millions of dollars, a prosecutor told a court, but so far the bank has not reported damage to its business.
Oil fell toward $62 on Wednesday, on course for its sixth consecutive fall and longest losing streak since mid-December, after data showed larger-than-expected builds in U.S. products stocks, reflecting little sign of a recovery in oil demand.
A company run by former AIG CEO Maurice Hank Greenberg did not plunder billions from a retirement fund, a jury ruled, dashing the bailed-out insurer's chances of collecting $4.3 billion in damages.
U.S. regulators are gearing up campaigns to preserve their consumer protection roles as the Obama administration marshals efforts to create a new agency, but face the political risk of appearing to side with Wall Street at the expense of consumers.
On Tuesday, Google launched a new tool for its business customers hoping to coax more adoption of its online 'Apps' suite.
After more than 5 years, Google's Gmail is finally out of beta including, taking with Google Calendar, Google Docs and Google Talk.
The Australian Dollar opens lower on Wednesday at 0.7886. The local unit moved towards US80 cents late on Tuesday after the Reserve Bank of Australia (RBA) left rates on hold at 3.00 per cent in a decision that was more predictable than an NRL off-field incident.
Sony Corporation on Tuesday unveils its new line of HD Handycam camcorders, HDR-CX520V and HDR-CX500V with advanced new optics technology, built-in GPS and NAVTEQ digital maps.
A company run by former AIG CEO Maurice Hank Greenberg did not breach a trust when it ended an executive retirement scheme at the insurer more than four years ago, a federal jury ruled on Tuesday.
U.S. credit card delinquencies reach all-time high following soaring job loss numbers
Consumers are increasingly failing to meet credit card payments as they battle high unemployment rates and a shrinking economy which has left many cash strapped. Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter.
California IOU recipients can turn to credit unions and check-cashing storefronts if a state budget deal does not appear by Friday and if three major banks refuse to accepting the notes beyond Friday as planned, analysts said on Tuesday.
Socks fell to their lowest level in 10 weeks on Tuesday as talk of a second government stimulus plan heightened fears that the economy is not yet on the path to recovery and that the corporate earnings season starting this week will be weak.
U.S. leaders should be open to the possibility of a second stimulus package to jolt the economy out of a recession still causing job losses, House of Representatives Majority Leader Steny Hoyer said on Tuesday.
The Libyan government had invested $500 million of its cash reserves with accused swindler Allen Stanford's firm as of late 2008, a court filing showed on Tuesday.
Stocks tumbled on Tuesday, sending the Nasdaq briefly down 2 percent, as investors worried that the economy remains far from a robust recovery that would underpin corporate profits.
Sony and Samsung Corp on Tuesday introduced new series of ultra-portable mini notebooks designed for casual computing, web surfing with eco-certified for mercury free LED backlit.
