Recovery from crisis seen slow
Signs of distress in the global economy mounted, with shares in U.S. bank Citigroup Inc plunging on fears about its future, oil prices falling and the future of U.S. automakers hanging in the balance.
Click here to read the rest of this article.
Add to:
del.cio.us,
Digg,
Yahoo!,
Google
Other articles in the Business news section
- China World Cup mascot factory defends... 59 minutes ago
SHANGHAI (AFP) - A Chinese factory ordered to stop producing mascots for the World Cup due to allegations of sweatshop conditions defended itself Wednesday, saying its facilities were among the best in China. ...more
- AIG devises new formula to determine... 1 hours ago
(Reuters) - American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter. ...more
- China exports rebound extends into February... 1 hours ago
BEIJING (AFP) - China said Wednesday that exports soared for the third straight month in February and at their fastest pace in three years, which analysts said could leave Beijing more open to a stronger yuan. ...more
- East Africa new frontier for oil exploration... 1 hours ago
HOUSTON, Texas (AFP) - East Africa has become a promising new frontier for oil exploration and major multinationals are jostling for the rights to search for black gold, industry experts said. ...more
- Asian stocks near 6-week highs 2 hours ago
HONG KONG (Reuters) - Asian stocks hovered near six-week highs on Wednesday as Chinese data showed exports and imports in February were better than expected, while the euro and the pound suffered on renewed concerns about Europe's fiscal problems. ...more
- Chancellor Set To Announce Date Of Budget... 2 hours ago
Alistair Darling is to announce the date of the budget today amid intense speculation that it will be held on March 24. ...more