IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating...

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the government is keeping a close watch on inflation to ensure there is no surge in...

Moody's cut its rating for 13 Italian banks, citing the weakened borrower standing of the Italian government after its credit grade was lowered last...

Federal Reserve chairman Ben Bernanke admitted on Tuesday that US economic data had been ‘disappointing’ and that a future reduction in unemployment...

Before the Spanish economic crisis hit, Mercedes Gonzalez and her family lived comfortably, she working in a shoe shop and her husband and second son...

Industrial production growth rate slowed to 2.4 per cent in May 2012 due to contraction in capital goods and mining output, coupled with poor show by...

Global central bankers had colluded last week to reset monetary policy to meet the threat of recession and deflation. European Central Bank had cut...

Spain’s Prime Minister Mariano Rajoy on Wednesday announced a 65 billion euro ($80 billion) austerity package to avert financial collapse as angry...

American investors need to prepare for an upcoming stock market crash that will be worse than 2008, a noted US economist has warned.The stock market...

Continuing efforts to prop up their sagging economies, European and Chinese central banks slashed interest rates while the Bank of England [BoE]...

A New York judge ordered Twitter to turn over data on one of its users involved in the Occupy Wall Street protest movement, in a case watched closely...

With the European Union facing its biggest crisis in 60 years, Brussels has proposed taking 'a big leap forward' to save the troubled bloc by setting...