HONG KONG (AP) - Hong Kong's main stock dropped nearly 4 percent Thursday as heavy selling in Chinese banks and computer maker Lenovo Group weighed on the market. The blue-chip Hang Seng Index fell 571.55 points, or 3.8 percent, to 14,415.91. After a ...

8 Jan 2009

DEMAND FALLS: Saudi officials are predicting a 45% slump in oil demand. (Getty Images) Oil demand could fall 45 percent due to the global financial crisis, but investments should be increased to ensure supplies are maintained, a senior Saudi ...

8 Jan 2009

(RTTNews) - Thursday, the Australian and New Zealand dollars declined to new multi-day lows against their major counterparts as the global stock market weakness reduced demand for higher-yielding currencies. Commodity-related currencies came under ...

8 Jan 2009

NEW YORK (Reuters) - It took war, the worst financial crisis since the Great Depression and the collapse of some of New York's famed investment banks, but Manhattan apartment prices are finally falling. After months of looking at half-million-dollar ...

8 Jan 2009

GAZA CITY, Gaza Strip – Despite the heavy fighting as Israel resumed its Gaza offensive Wednesday, strides were made on the diplomatic front with the U.S. throwing its weight behind a deal being brokered by France and Egypt. The United Nations ...

8 Jan 2009

WASHINGTON (AP) — Pink slips are piling higher as companies scramble to cut costs even deeper to survive the country's economic and financial storms. Just days into the new year, managed care provider Cigna Corp. , aluminum producer Alcoa Inc ...

8 Jan 2009