Oil rose above $40 a barrel on Wednesday, extending a 4 percent rally in the previous session, lifted by firmer equities before the release of U.S. inventory data expected to show rising supply.
World stocks rose on Wednesday after Federal Reserve Chairman Ben Bernanke signaled nationalization of big banks was not at hand. Investors' concern of nationalization had weighed on stocks.
The equit...
Norwegian seismic surveyor Global Geo Services (GGS) (GGS.OL), a supplier to the oil and gas industry, said on Wednesday a U.S.-based energy firm had shown interest in its survey offshore Iran.
Oil held above $40 a barrel on Wednesday after a 4 percent rally in the previous session, as equities gained and investors looked ahead to U.S. inventory data expected to show rising supplies.
Crude's advance on Tuesday stemmed from Wall Street gains sparked by reassuring comments from Fed Chief Ben Bernanke, while President Barack Obama said the United States would emerge stronger from the econ...
Leaders of the G20 developed and emerging countries should not backtrack on their agreement last year to fight protectionism when they meet in London in April, the head of the World Trade Organization said on Wednesday.
President Barack Obama on Tuesday called on Congress to send him legislation that places a market-based cap on U.S. carbon polluting emissions and pushes the production of more renewable energy.
Tougher green rules coupled with the economic downturn could dim the currently stable outlook of U.S. public power electric utilities, Moody's Investors Service said in a report on Tuesday.
The threat of protectionism just won't lie down, despite repeated promises of political leaders to refrain from raising barriers to trade.
President Barack Obama tidied up his economic message on Tuesday, reviving the hopeful Yes We Can spirit of his campaign and abandoning the Maybe We Can't impression he took to the White House.
President Barack Obama struck a balance between grim economic reality and a more hopeful outlook on Tuesday to try to reassure worried Americans their country will emerge from crisis stronger than before.
Governments around the world have committed more than $200 billion to support renewable energy initiatives despite of the economic downturn, according to a Deutsche Bank analysis released Tuesday.
Wall Street's fat cats are in the public's doghouse, and it could be a long time -- if ever -- before the eye-popping paychecks and glamour of the last two decades return.
Four soldiers with U.S.-led coalition forces and an Afghan civilian working for them were killed in southern Afghanistan on Tuesday when their vehicle struck a roadside bomb, the U.S. military said.
As U.S. regulators prepare for a stress test of big banks, the head of the Federal Deposit Insurance Corp said on Tuesday these institutions need adequate buffers against severe economic conditions.
As of this date ... all these large banks exceed regulatory standards for being well-capitalized, so for right now they're fine, FDIC chief Sheila Bair said on CBS television's Early Show.
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U.S. President Barack Obama set the goal: double U.S. renewable energy production in three years. Congress provided the incentives as part of the $787 billion stimulus package.
President Barack Obama takes center stage on Tuesday to try to sell the American people on his broader agenda for jolting the United States out of deep recession and confronting long-term economic challenges.
President Barack Obama has pulled out his most potent weapon -- the dry federal budget -- to try to carry out his promise of change, including winding down the Iraq war, expanding health care and tackling global warming.
The government must swiftly begin spending $83 billion in the stimulus law for cleantech, or recent growth in the sector will quickly turn into bankruptcies, according to a study released on Tuesday.
The Obama administration has added Wall Street expertise to its team overseeing the restructuring of General Motors and Chrysler, naming Steven Rattner as adviser to Treasury Secretary Timothy Geithner.
Even if the government took a large common equity stake in Citigroup Inc, worries would likely persist about the bank's ability to absorb soaring losses in a deepening recession.
The third-largest U.S. bank by assets is in talks with federal regulators on a plan for the government to increase its stake, a person familiar with the matter said. Converting $45 billion of preferred stock, which the ...
Even if the government takes a large common equity stake in Citigroup Inc, worries are likely to persist about the bank's ability to absorb soaring losses in a deepening recession.
Just a month into his presidency, Barack Obama has had to deal with everything from Cabinet missteps that have strained his no-drama Obama image to an economic crisis that seems to worsen by the day.
NATO forces in Afghanistan are confident member states will provide thousands of extra troops as temporary reinforcements for presidential elections in August, the deputy commander of NATO-led forces said on Monday.
