HSBC to cut jobs as profit tumbles

HSBC PLC, (NYSE:HBC) Europe’s largest bank, reported Monday a 70 per cent drop in 2008 net profit Share

Brazil loses 654,000 jobs in December

Brazil saw 654,000 jobs lost in December as the global crisis hits Latin America’s larget economy. The countries worst affected sectors were industry, agriculture and construction. Share

Britain announces a second bailout for its banks

In light of the dramatically fragile situation of Britain’s banks, the Government has announced a second bailout for Britain’s banks. Share