Eurozone private sector activity suffered its worst monthly slide in nearly three years in May, a survey showed Thursday, which analysts said indicates it is locked in a dismal downturn.The flash Purchasing ...

Britain's recession is worse than previously thought, as revised official figures showed on Thursday that the economy shrank by more than expected in the first quarter of 2012."UK gross domestic product ...

European Union leaders pledged support for Greece on Thursday, vowing to keep the debt-wracked country in the eurozone as officials prepared behind the scenes for a possible doomsday scenario of exit.After ...

French President Francois Hollande called Thursday for the European Union to use its bailout fund to replenish directly the coffers of banks suffering from the eurozone debt crisis.Speaking to reporters ...

Royal Dutch Shell said Thursday it was mulling its options over Cove Energy, one day after Thai oil giant PTT trumped its takeover bid for the East Africa-focused group.PTT had revealed Wednesday that ...

Strong exports and consumer demand helped the German economy, Europe's biggest, steer clear of recession in the first three months of this year, official data showed on Thursday.Confirming preliminary ...

Anglo-South African brewer SABMiller, which bought Australian group Foster's last year, said Thursday that annual net profits soared by 75 percent, boosted by growth in emerging markets.Earnings after ...

European Union leaders pledged support for Greece on Thursday, vowing to keep the debt-wracked country in the eurozone as officials prepared behind the scenes for a possible doomsday scenario of exit.After ...

Google won a major victory as jurors sided with the Internet giant in a high-stakes court battle over patents with business software titan Oracle.In a unanimous decision, 10 jurors agreed that Oracle had ...

Trial lawyers smelled blood as furious investors began filing suits over losses on Facebook's disastrous $16 billion IPO, with billions of dollars possibly at stake in coming litigation.More than a half-dozen ...

Tapping Brazil's huge offshore oil reserves will require foreign investment that only cash-rich Chinese banks are in a position to provide, industry experts said.Alvaro Teixera of the Brazilian Petroleum, ...

Hewlett-Packard said it plans to cut 27,000 jobs, or eight percent of its global workforce, by 2014 in a major restructuring effort for the computer giant.The world's biggest personal computer maker said ...

The Indian-born US businessman accused in one of Wall Street's biggest insider trading probes passed a tip on a deal so confidential that it was "top secret," a former colleague said Wednesday.Rajat ...

The euro hit its lowest point against the dollar since July 2010 on Wednesday as European leaders met at a summit aimed at dealing with the threat that Greece could exit the eurozone.A day after former ...

France and Germany crossed swords Wednesday over how to spur growth in the debt-stricken eurozone at an EU summit tinged by plunging markets and the euro hitting a near two-year low."We have to act ...

Hewlett-Packard said Wednesday it plans to cut 27,000 jobs, or eight percent of its global workforce, by 2014 in a major restructuring effort for the computer giant.The world's biggest personal computer ...

Lawsuits piled up Wednesday against Facebook, its underwriters and the Nasdaq exchange as furious investors sought to recover losses after the company's $16 billion IPO debacle.Facebook said it would defend ...

Two days of court-directed peace talks between the chiefs of iPhone-maker Apple and smartphone giant Samsung ended with no sign of a truce in the legal battle headed for court in Silicon Valley.Apple boss ...

Oil prices slumped on Wednesday, falling to a six-month low under $90 in New York as the dollar rallied on eurozone debt tensions."Crude prices plunged today as the US dollar soared," said David ...

A jury on Wednesday declared Google innocent of patent infringement in a high-stakes court battle pitting business software titan Oracle against the Internet giant.

Standard & Poor's dropped its rating for Tunisia by one notch on Wednesday to a speculative 'BB/B' level due to political uncertainty and weaker economic outlook."Despite overall stability and consensus ...

European shares dived and the euro hit a 22-month low on Wednesday before an informal EU summit and after the former Greek prime minister warned that Greece might leave the eurozone.Sentiment was also ...

The European parliament adopted by a strong majority Wednesday proposals on a French-inspired financial transaction tax (FTT) which has been bitterly opposed by Britain.The resolution in favour of the ...

Gulf countries are channelling billions of dollars into airport expansions, betting on a sharp rise in passenger traffic and competing to strengthen their positions as regional hubs for global travel."We ...

The euro dived to a 22-month low under $1.26 on Wednesday, as investors shunned risky assets before an informal EU summit and after the former Greek premier warned that Athens might leave the eurozone.At ...

Lack of competitiveness is the main threat to Brazil's economic growth, experts say, after the finance minister announced a downward revision of the South American giant's growth forecast.Brazil is the ...

Saudi Arabia has signed a $3-billion deal with Britain to buy trainer jets for the Gulf kingdom's air force, SPA state news agency said on Wednesday.The agreement includes the provision of simulators, ...

Bank of England policymakers voted unanimously in favour of holding interest rates at a record low level this month, but one member called again for more stimulus, the BoE said on Wednesday.Minutes from ...

China's economic growth will ease further this year, presenting policy makers in Beijing with the challenge of preventing an excessively abrupt slowdown, the World Bank said in a report Wednesday.The bank ...

Japanese automaker Mazda Motor and Italy's Fiat said Wednesday that they have agreed to jointly produce a new two-seater sports car as part of a technology and product development alliance.The vehicle, ...

German Finance Minister Wolfgang Schaeuble reiterated Wednesday his opposition to eurobonds, saying such financial instruments would not solve the eurozone's debt crisis.Eurobonds -- the pooling of the ...

Thai oil giant PTT said on Wednesday it had struck a deal to buy East Africa-focused Cove Energy for £1.22 billion ($1.92 billion, 1.50 billion euros), trumping a rival offer from Royal Dutch Shell.PTT ...

British luxury clothing and accessories company Burberry said on Wednesday that annual net profits jumped by more than a quarter, boosted once again by surging demand in Asia.Earnings after taxation rose ...