Caterpillar reports first quarterly loss in 17 years

Caterpillar reported its first quarterly loss in 17 years on Tuesday Share

Yahoo profits collapse 78%: 700 workers to be laid off

Yahoo! reported a collapse in its first-quarter profits by 78 per cent Share

IMF: Economic crisis to cost $4 trillion

The IMF has calculated that global losses from the financial crisis could rise to $4 trillion. While some are already talking about recovery and others promoting “glimmers of hope”, the IMF warned that “the challenges to restoring...

BBC Poll: Russians worried by global crisis

A third of Russians polled by the BBC are concerned by falling living standards and financial problems Share

Former U.S. presidential economic adviser: worst of financial crisis is over

In an exclusive interview with Xinhua at the Boao Forum for Asia (BFA) Share

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...

Nokia profits collapse 90 percent

The mobile phone market has practically collapsed. Nokia reported on Thursday a 90 per cent drop in first-quarter net profits Share

US foreclosures up 24 percent in 1st quarter

In the first quarter of this year the amount of people on the verge of Share

UBS Expects Almost CHF2B 1Q Loss; To Cut 9000 jobs

Switzerland’s biggest bank, UBS announced Wednesday Share

U.S. retail sales fell 9.4 percent in March

US retail sales fell unexpectedly Share