Oil moves near $80 amidst indications of economic recovery

Crude oil was up near $80 per barrel after home prices in the US Share

Dubai hit hard by financial crisis

Once the epicentre of global boom with skyscrapers rising into the sky like mushrooms, today Dubai resembles a hungover partygoer. Retail stores displaying “80% off” discount signs in their stores and talk on the street about companies repatriating...

World Bank: Global Economy to shrink in 2009

The World Bank predicted that the global economy will shrink this year for the first time Share

Dow Jones at worst level in 6 years

The Dow Jones industrial average recorded its lowest close in over six years Thursday evening Share

Obama signs $787,000,000,000 stimulus bill

President Barack Obama has signed probably the most noteworthy bill since taking office – the $787,000,000,000 stimulus bill. Share

Yahoo reports losses of $303.4 million

Yahoo Inc. (YHOO), has reported a loss in the fourth quarter of $303.4 million as the economic downturn hit sales of online ads. Share