The United States slipped from first to third place after the U.K. and Australia in a ranking of financial development released by the World Economic Forum on Thursday, as the global financial crisis badly hurt bank stability in developed countries.
A lower reading in the Unemployment Rate for September yesterday saw the Australian Dollar rally hard in local trade.
A German-brokered deal to rescue Opel will not collapse due to a lack of support from other European countries hosting the carmaker's plants, Chancellor Angela Merkel's spokesman was quoted as saying on Thursday.
Czech President Vaclav Klaus raised a new obstacle to the European Union's Lisbon reform treaty on Thursday, telling EU president Sweden he wants a footnote added to the document before signing it into force.
A German-brokered deal to rescue Opel will not collapse due to a lack of support from other European countries hosting the carmaker's plants, Chancellor Angela Merkel's spokesman was quoted as saying on Thursday.
U.S. housing prices may still fall more than 10 percent, killing an incipient recovery, as demand from first-time home buyers fades, leading economist Nouriel Roubini said on Thursday.
Text messaging can help smokers quit the habit, according to an international study.
Britain's Lloyds Banking Group said it was still assessing ways to exit or reduce its participation in a state scheme to insure its toxic assets, after reports it plans to raise 25 billion pounds.
Cadbury chairman Roger Carr has emerged victorious from many bid battles but if U.S. food giant Kraft ups its multi-billion pound offer the tough-talking takeover veteran will be under pressure to soften his stance.
The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running on Thursday and said it would keep its 175 billion pound asset buying programme in place, as expected.
UK fund house Threadneedle said on Thursday it has hired Campbell Fleming as its new head of distribution, with responsibility for wholesale and institutional business as well as marketing and product development.
British actress Carey Mulligan plays a teen who gets seduced in An Education.
Britain's top share index rose on Thursday, helped by gains in mining stocks on firmer metals prices and a surprise quarterly profit from U.S. aluminium producer Alcoa (AA.N).
The University of Queensland has advanced two places to be named 41st in the world in the UK's Times Higher Education-QS World University Rankings, released today.
The University of Melbourne has jumped two places to No 36 - and again is the only Australian university to have all surveyed disciplines in the Top 30 in the world - in the Times Higher Education-QS (THE-QS) 2009 World University Rankings, released toda
Text messaging can help smokers quit the habit, according to an international study.
General Electric Co and Britain's Rolls Royce Group PLC said on Wednesday they have halted tests on an alternate engine for the F-35 fighter jet after damage was found to some turbine blades, and no timetable was given for the tests to resume.
General Electric Co and Britain's Rolls Royce Group PLC said on Wednesday they have halted tests on an alternate engine for the F-35 fighter jet after damage was found to some turbine blades, and no timetable was given for the tests to resume.
The Aussie dollar pulled back from its early morning highs above 89 cents yesterday dipping to an intraday low of 0.8865 following slightly softer than forecast Home Loan data. The markets insatiable desire for the AUD resurfaced however as it bounced back to eventually exchange at an overnight high near 0.8950, its highest level since early August 2008.
Oil prices fell toward $69 a barrel on Wednesday after U.S. data showed fuel stocks surged last week in the world's biggest energy consumer, signaling a recovery in oil demand could take more time.
Smokers who are trying to kick the habit may be able to turn to their cell phones to avoid temptation, a study published Tuesday suggests.
Three scientists who produced atom-by-atom maps of the mysterious, life-giving ribosome won the Nobel chemistry prize on Wednesday for a breakthrough that has allowed researchers to develop powerful new antibiotics.
