The US Supreme Court on Tuesday cleared the way for the sale of Chrysler to Fiat, while General Motors began to revamp its widely criticised board.
African countries must work together so that the global economic crisis does not crush them, Comesa said on Monday.
Banks will be more closely scrutinised under EU plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors.
The world’s top policymakers offered their brightest assessment of the global economy in months, saying it was stabilising.
Europe faces at least another year of economic difficulties and there are signs at best of stabilisation rather than recovery, leaders said on Friday.
SA’s economy will remain lacklustre this year, helping to cool inflation, although expected electricity price increases pose a risk to the outlook.
Several large US banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a recession.
Per capita income in Africa will fall in 2009 for the first time in 15 years, the head of the African Development Bank warned on Tuesday.
A growing number of banks are eyeing quick repayment of US government capital injections after "stress tests" showed major lenders are healthy.
Artists and gallery owners have their fingers crossed at New York’s Affordable Art Fair this week, waiting to see how the downturn affects sales.
Investors breathed a sigh of relief on Friday after the results of stress tests on United States banks revealed no nasty surprises.
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.
The global crisis has hit African countries harder than initially anticipated and the continent will lag the rest of the world in recovery.
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.
Top policymakers are striving to temper optimism the global economy has turned a corner, which has propelled world stocks on a six-week climb.
Every night, John Lepota heads to the communal TV room at his mineworkers compound to faithfully check the latest platinum price on the evening news.
The battered global economy faces a difficult year but will begin a recovery in 2010, the European Central Bank president said on Friday.
Significant progress in creating jobs — with the country’s 1,2% current growth rate — was not expected this year, the Presidency said on Thursday.
Pity the world’s rich: as the credit crunch bites, they too are heading to the pawnbroker’s — albeit with a Renoir or Van Gogh under their arm.
Trevor Manuel said singling out companies for support sent the wrong signal and undermined the government’s ability to support the broader economy.
Shares of Ford soared 16% on Monday after the company said it completed tender offers that will reduce its debt by 38%
Tito Mboweni said on Tuesday he ”might not be surprised” to see another quarter of negative growth, which would send the economy into recession.
The economic crisis will give way to a more enduring era of economic development in Africa, Finance Minister Trevor Manuel said on Monday.
Royal Bank of Scotland will cut more jobs, chairperson Philip Hampton warned on Friday as he called for an end to ”public flogging” of the bank.
The global slump makes it even more important for African governments to help local businesses by cutting red tape, an investment group said on Friday
For optometrist Howard Levy, nothing eases the tension of eye exams and paperwork like strapping on a guitar and jamming with fellow professionals.
Japan began offering money on Wednesday for unemployed foreigners to go home to stave off what officials said posed a serious unemployment problem.