Europe May Fail to Gather Strength in 2010, EU Says

Europe’s economic recovery may fail to gather strength for most of 2010 as governments phase out stimulus measures and domestic demand remains “subdued,” the […]

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China Raises Banks’ Reserve Ratio to Cool Economy

China raised the proportion of deposits that banks must set aside as reserves to cool the world’s fastest-growing major economy as a credit boom […]

Japan’s Demand for Services Rebounded in October

Japan’s demand for services rebounded in October, signaling that a better job market is supporting consumer spending.
The tertiary index, which captures 63 percent […]

Fed proposal restricts gift card fees

The Federal Reserve announced proposed rules Monday to implement the gift card provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009.
The […]

Gold rises towards $1,120/oz on strong sentiment

Gold hit record highs near $1,120 an ounce Wednesday, stirred by renewed buying interest by central banks, and bullion should benefit from expectations that […]

Lazard may get more than one leader: report

Investment bank Lazard’s board may pick more than one person to lead the company following the death of Chief Executive Bruce Wasserstein, the New […]

Merkel Finance Chief Sees No Chance for Balanced Budget in Term

German Chancellor Angela Merkel’s Finance Minister-designate Wolfgang Schaeuble said there’s no way he’ll balance the budget in four years as he enacts 24 billions […]

Fidelity Magellan dials up on growth, bounces back

In the 1980s, when stocks mostly surged, a few mutual fund managers became the equivalent of rock stars.
Tops among them: Peter Lynch, who […]

Strong loonie poses risk, bank warns

OTTAWA–The Canadian dollar jumped more than a US cent today even though the Bank of Canada sent out a warning about the loonie's persistent […]

U.S. trade gap widens on record import surge

The U.S. trade gap widened dramatically in July as imports surged and dealers stocked up on cars for the “cash for clunkers” program, while […]