date: 2008-11-22 05:10:00

World stocks rebounded from a 5-1/2 year low on Friday and oil rose above $50 as expectations of further interest rate cuts helped to cushion deepening gloom about the broader economy.

date: 2008-11-22 01:57:00

Citigroup Inc has been talking in recent days to the U.S. Treasury Department and the Federal Reserve about its options as its share price sinks, a person familiar with the matter said.

date: 2008-11-22 00:40:42

Conrad Black, the disgraced British peer serving a 6½-year sentence in Florida for defrauding millions from his former media empire, has asked President Bush to grant him clemency before leaving the White House.The US justice department has confirmed that it is considering the request. An ...

date: 2008-11-21 22:22:00

U.S. stocks surged and the dollar jumped on Friday on reports that President-elect Barack Obama has chosen his point person to combat the worst U.S. economic crisis in 80 years, giving hope to deeply fearful markets.

date: 2008-11-21 21:04:00

Oil prices drifted higher but held under 50 dollars per barrel Friday, hovering near multi-year lows on concerns over weakening demand and the prospect of a global recession.

date: 2008-11-21 21:00:00

US President George W. Bush began Friday his last scheduled foreign trip, meeting the leader of increasingly important China ahead of a summit aimed at containing a spiraling financial crisis.

date: 2008-11-21 11:04:43

Reports of Blu-ray’s death are greatly exaggeratedAMONG the few things capable of raising a smile in these dismal days are the plummeting prices in big-box stores. Still, with what promises to be the worst recession in living memory barely begun, your correspondent believes ...

date: 2008-11-21 08:51:00

The Bank of Japan delivered a bleak outlook for the global economy and warned of great strains in global financial markets on Friday, as it tweaked its market operations to ease funding pressures towards the end of the year.

date: 2008-11-21 04:30:00

With Citigroup stock value plunging, top executives at the financial giant are considering the sale of all or parts of the company, the Wall Street Journal reported on its website.

date: 2008-11-21 00:20:00

Patrick Barkham hits Oxford Street as leading retailers launch early Christmas sales

date: 2008-11-20 22:43:00

Panic spread in global stock markets Thursday as a jump in US jobless figures and fresh job cuts worldwide deepened fears of recession and sent investors fleeing for cover.

date: 2008-11-20 22:13:09

US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out.

date: 2008-11-20 22:05:00

Wall Street shares plunged Thursday as panicked investors made a frenzied rush out of stocks and into bonds in the face of more weak data and a breakdown in efforts for a bailout for automakers.