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Posted: January 26th, 2012, 12:02am EST
Britain's debt mountain has risen to one trillion pounds (over $1.5 trillion) for the first time, The Sun reported Wednesday.
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Posted: January 25th, 2012, 3:50am EST
Yahoo Inc has posted 5 per cent drop in net income to USD 296 million in the October-December quarter of 2011 due to decline in advertising revenues.
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Posted: January 25th, 2012, 2:00am EST
There might be a moderate economic recession across Europe in the first half of 2012, a senior European Union (EU) official said.
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Posted: January 24th, 2012, 11:18pm EST
Japan reported its first annual trade deficit since 1980 as it imported expensive energy to offset shortfalls caused by the devastating tsunami and manufacturers shifted production overseas to avoid the damage inflicted by the strong yen.
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Posted: January 24th, 2012, 7:35pm EST
The International Labour Organisation said that German economic policy in the past two decades had harmed other European countries and contributed to the current eurozone debt crisis.
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Posted: January 24th, 2012, 10:48am EST
The IMF chopped its 2012 forecast for global growth to 3.3% from 4% just three months ago, saying the outlook had deteriorated in most regions.
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Posted: January 24th, 2012, 3:17am EST
The company said higher research and investment costs also reduced profit, as did delays in deliverying new high-speed trains to German rail operator Deutsche Bahn AG.
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Posted: January 24th, 2012, 1:56am EST
Industrial equipment maker Siemens AG says net profit fell 17% to £1.457 billion ($1.89 billion) as project delays held down profits and the uncertain global economy cut into order volume.
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Posted: January 23rd, 2012, 11:36pm EST
Japan's central bank said Tuesday it expects the economy to shrink slightly during the fiscal year ending in March instead of expanding as it forecast earlier because of the overseas slowdown.
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Posted: January 23rd, 2012, 10:07pm EST
The euro eased against major currencies in Asian trade on Tuesday as investors monitored events in Europe, dealers said.
