Business

US bank Citigroup announces plans for about 52,000 new job cuts, on top of 23,000 cuts already made this year.

US industrial output rebounds with a 1.3% rise after a sharp fall in September, the Federal Reserve says.

UBS and Goldman Sachs will not pay bonuses to their top executives in 2008, the banking giants reveal.

The eurozone records a trade deficit in September compared with a surplus for the same month last year.

Struggling General Motors is selling its 3% stake in the Japanese carmaker Suzuki for $230m (£156m) to raise cash.

Oil prices fall on more bad economic news and after Opec hinted it would not cut oil production soon.

Online fashion retailer ASOS sees half-year profits jump 68% and says it is cautiously optimistic despite the economic downturn.

New inspiration
17-11-08 04:21

Small firms in Osaka hope to weather economic storm

The head of the IMF says it will need more funding if it is to play a bigger role in aiding a global economic recovery.