British economy shrinks 0.2% in third quarter

AFP - LONDON (AFP) - Britain's recession-hit economy shrank by 0.2 percent in the third quarter of 2009, compared with the previous three months, revised official data showed on Tuesday.

Dutch billionaire behind Spyker bid for Saab: report

AFP - STOCKHOLM (AFP) - An unidentified Dutch billionaire is behind Dutch sportscar maker Spyker's last-ditch bid to buy ailing Swedish carmaker Saab from US automaker General Motors, a Swedish...

OPEC oil powers nervous over economy

AFP - LUANDA (AFP) - Powerful oil countries voiced concern over lingering weakness in the world economy as they met in Angola on Tuesday to assess the crude market, which remains volatile despite...

Moody's downgrades Greek government bonds

AFP - PARIS (AFP) - Moody's Investors Service downgraded Greek government bond ratings on Tuesday, delivering a new blow to a debt-ridden country struggling to restore its credibility in...

Oil up around $74 as OPEC keeps output steady

Reuters - LONDON (Reuters) - Oil rose to around $74 per barrel on Tuesday as OPEC agreed to keep its production unchanged and ahead of data expected to show a fall in crude and distillate...