Citigroup faces a day of reckoning in court over its selling of financial instruments in the run-up to the subprime mortgage crisis.
A United States Senate investigative panel has released several emails that could prove embarrassing to Goldman Sachs.
Goldman Sachs is preparing to defend itself against the US government allegations by arguing that it was unsure where housing prices were headed.
Goldman Sachs Group has been charged with fraud by the US Securities and Exchange Commission over its marketing of a subprime mortgage product.
Some might say Jon Brumit overpaid when he stumped up $100 for a whole house -- there are now homes to be had for a single dollar.
South Africa, grappling with its first recession in 17 years, expects tax revenues to decline, Finance Minister Pravin Gordhan said on Friday.
General Motors South Africa (GMSA) is part of its US parent company's "good assets", managing director Steve Koch said on Monday.
General Motors will file for bankruptcy on Monday, forcing the 100-year-old carmaker into a new and uncertain era of government ownership.
The once mighty US car industry faces a day of reckoning on Monday with the looming bankruptcy of General Motors.
SA's economy will remain lacklustre this year, helping to cool inflation, although expected electricity price increases pose a risk to the outlook.
A growing number of banks are eyeing quick repayment of US government capital injections after "stress tests" showed major lenders are healthy.
As the sky begins to bruise, an indigo haze descends on Uganda's "mountains of the moon", and a solitary lioness limps through the savannah.
China's manufacturing sector posted its best performance in nine months in April, offering fresh evidence the global economy may be picking up.
Asia's governments must spend more on social safety nets and reduce their reliance on export-driven growth as they grapple with an economic meltdown.
Vanessa Baug knows as well as anyone how the recession has ushered in a new era of frugality for Americans.
Chrysler will file for Chapter 11 bankruptcy on Thursday after talks to restructure its debt with bondholders collapsed, a government official said.
Finance chiefs from the G7 powers said on Friday the global economy may be past the worst phase of a recession although recovery was not yet assured.
The International Monetary Fund said on Wednesday the world economy has fallen into a severe recession, cutting its forecast for global growth.
Significant progress in creating jobs -- with the country's 1,2% current growth rate -- was not expected this year, the Presidency said on Thursday.
Whether it's called buttering up the boss, brown-nosing or sucking up, experts say ingratiating behaviour is bound to be on the rise in the workplace.