The European Bank for Reconstruction and Development (EBRD) says it aims to invest a record 7bn euros (6.2bn; $9.4bn) in 2009 to tackle the slowdown. ...
The economies of the 16 countries that make up the eurozone declined by 2.5% in the first three months of 2009, the EU's statistics agency Eurostat sa...
General Motors (GM) has announced plans to close up to 1,100 of its dealerships in the US as it desperately tries to cut costs and stave off bankruptc...
US bank Wells Fargo has said it plans to raise $7.5bn (4.9bn) from selling new shares, a day after the US Treasury said 10 banks needed to boost reser...