Battered Silicon Valley to close shop over Christmas

San Francisco  - The season of good cheer is bringing gloom this year even to the perennial bright spot of the US economy - the high-tech business wonderland of Silicon Valley.

Dutch recession worse than predicted, says former minister

Amsterdam - The economic recession in the Netherlands will be worse than was predicted by the Central Planning Bureau, a former Dutch finance minister said in an interview published in the Dutch fi

Ireland plans 7.5-billion banking bail-out package

Dublin  - Ireland's government plans to inject up to 7.5 billion euros (10.5 billion dollars) into the banking system to support the country's three largest banks, a news report said Monday.

North Korea's economy is forecast to resume its slide

North Korea's economy is forecast to resume its slideSeoul  - After enjoying a min

Mortgage rates lowest in 37 years

Mortgage rates lowest in 37 yearsEver since Freddie Mac started the Primary Mortgage Market Survey in 1971, the interest rate for 30-year fixed-rate mortgages fell to its lowest level for the week ending December 18.