Oil rebounded toward $61 a barrel on Thursday, correcting from a seven-week low hit on bearish oil data that outlined continued weak demand amid growing concerns about the pace of economic recovery.
PARIS - French carmaker PSA Peugeot Citroen said sales of vehicles and knocked-down kits fell 14 percent in the first six months of the year.
Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt and home equity loans to all-time highs in the first quarter as a record number of cash-strapped consumers fell behind on their bills.
Oil rose toward $65 a barrel on Tuesday after a four-day losing streak and as U.S. crude oil inventories were expected to fall for the fifth week in a row.
Oil rose above $64 a barrel on Tuesday, after falling for four consecutive sessions on doubts over global economic recovery and potential improvement in demand for fuel.
Oil edged up above $64 a barrel on Tuesday, after four consecutive days of falls on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.
Discover Financial Services said on Monday it will offer $500 million of common stock and use the proceeds to help repay $1.2 billion the credit card issuer received in government bailout funds.
U.S. power plant emissions of sulfur dioxide dropped sharply in the first half of the year as the electricity industry prepared for tighter regulation in 2010, Genscape said Monday.
Wall Street was poised to fall nearly 1 percent at the open on Monday, weighed by worries about the potential strength and timing of an economic recovery as a slump in oil prices was set to pressure energy shares.
Oil prices were little changed just above $69 a barrel on Thursday, after falling in the previous session on data showing a larger-than-expected increase in U.S. gasoline stocks, which dented hopes of a demand recovery.
Ford Motor Co said on Wednesday that U.S. sales fell 10.9 percent in June for all of its brands, at the top of its expectations for the only U.S. automaker not supported by emergency government loans.
U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.
Making a telephone call, sending a text message or reading emails on a mobile phone from across the European Union will cost less from Wednesday.
Technology outsourcing and consulting firm Accenture Ltd said its quarterly profit fell due to a slower economy and a stronger U.S. dollar, although the results were better than most analysts had expected.
Nike Inc reported a worse-than-expected global decline in forward orders, especially in its European region, sending shares of the world's largest athletic shoe and clothing company down nearly 5 percent in extended trading on Wednesday.
The global population of high net worth individuals fell 14.5 last year along with the economy, according to a new report.
Monsanto Co , the world's biggest seed company, posted a 14 percent drop in quarterly earnings on Wednesday and said it planned a restructuring that would cut about 900 employees and separate its declining herbicide business.
Oil steepened losses below $67 a barrel on Tuesday, after a fall of nearly 4 percent the previous day, as renewed worries over the uncertain outlook for major economies sparked a sell-off across global equity markets.
Asian stocks tumbled on Tuesday, after falling commodity prices and a sharp drop on Wall Street spooked investors into taking profits and buying the yen on speculation the rapid pace of recovery may not be sustainable.
U.S. mortgage rates dropped in the latest week, retreating sharply from a seven-month high as fears over inflation abated and Treasury yields dropped.
Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
