date: 2008-11-23 14:14:00

The John Lewis Partnership said on Sunday its department store sales fell 13 percent in its latest week to November 22 compared with a year earlier due to the current slowdown in consumer spending.

date: 2008-11-23 12:22:00

(Reuters) - Countries around the world are setting out fiscal stimulus packages to help their economies withstand the impact of the global financial crisis.

date: 2008-11-23 12:00:00

Robert Skidelsky: What has got us into this global financial mess is the false belief that market economics is a purely technical business

date: 2008-11-23 08:33:06

A worrying fall in British equitiesLIKE ancient oracles, technical analysts make mysterious pronouncements based on mysterious patterns. And also like those mouthpieces for the divine, their predictions can be infuriatingly imprecise. But sometimes it is easy to understand why points on the chart ...

date: 2008-11-23 04:49:11

Leaders from Asia-Pacific nations meeting in Peru pledge not to raise trade barriers in the face of the worldwide financial crisis.

date: 2008-11-23 00:05:14

The financial crisis has wreaked economic havoc across the world and has transformed British politics in the process. With both main parties offering radically different remedies - and Gordon Brown enjoying a significant electoral boost as a result - the Tories and Labour are set to gamble all on ...

date: 2008-11-22 14:10:00

Dutch electronics giant Philips will cut "about five percent" of its 32,000 strong workforce in the medical division worldwide, affecting 1,600 workers, a company spokesman told AFP on Saturday.

date: 2008-11-22 11:14:00

The U.S. economy needs additional support measures of between $300 billion and $600 billion to help it withstand the financial crisis, U.S. billionaire investor George Soros was quoted as saying by a German weekly.

date: 2008-11-22 08:39:39

Will Russian buyers rescue the art market?THE 2008 autumn art-auction season, barely a month old, has been characterised by two extremes: stacks of unsold works, and a few eye-watering purchases. Day after day, auctioneers on both sides of the Atlantic have been faced with the dull atmosphere of ...

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.