date: 2009-07-03 15:00:00

British Airways on Friday reported further declines in passenger traffic in June as consumers continued to shun business-class travel in particular, and said it will further reduce capacity and defer the delivery of 12 Airbus 380s on order to try to reduce the impact of the crisis on its bottom ...

date: 2009-07-03 14:16:00

State-run China Investment Corp. reaches deal to buy a 17% stake in the Canadian miner Teck Resources for $1.5 billion.

date: 2009-07-03 14:12:00

European shares were in a tight range on Friday with U.S. equity markets closed for a holiday, with gains for the banking sector and airline British Airways helping to limit downside.

date: 2009-07-03 14:09:00

The European Commission on Friday outlined a plan designed to overhaul the regulation of the over-the-counter derivatives market, which includes a proposal to widen the use of clearing houses for derivatives transactions.

date: 2009-07-03 08:30:37

LONDON (Reuters) - Buyout firms are eyeing minority stakes in publicly listed companies as sparse credit conditions prompt them to look for deals requiring no leverage -- although they still want private-equity style returns.

date: 2009-07-03 08:27:43

LONDON (Reuters) - Hedge funds and other investors have increased short positions in debt-laden Mitchells & Butlers, Pennon Group and British Airways in recent weeks, research from Dataexplorers indicates.

date: 2009-07-03 04:38:00

Asian banking stocks have been at the forefront of a market rally over the past three months, but there is now a high risk that future earnings may be impacted by an increase in bad loans.

date: 2009-07-03 04:18:00

U.S. stock analysts generally agree the upcoming second-quarter earnings season will be bleak. But they’re at odds over whether dreary outlooks will lead to upsets to the upside or whether the market has set itself up for a fall.

date: 2009-07-02 19:39:00

A little more than a week ago, President Barack Obama said it was “pretty clear” that unemployment would exceed 10%. Unfortunately for him, he’s getting closer to being right.

date: 2009-07-02 19:37:00

The sudden contraction in U.S. consumer spending and global liquidity that brought some of America’s most revered companies to their knees has made the Dow Jones Industrial Average -- meant to represent the country’s leading companies -- more a benchmark of laggards.

date: 2009-07-02 19:36:00

The U.S. steel industry, hard-pressed by a recession that wreaked havoc in its markets and forced layoffs, can now point to signs that it’s through the worst of the downturn.

date: 2009-07-02 19:33:00

The tech sector tumbles amid a broad market slide following grim news about rising unemployment in the United States.

date: 2009-07-02 12:19:57

LONDON (Reuters) - Sterling is seen holding around its current 8-month highs against the dollar over the coming year as the British economy eventually emerges from a deep recession, a Reuters poll showed.