LONDON (AFP) - Evidence of global downturn deepened on Friday as oil prices plunged again, Japan slashed interest rates to near zero to stave off recession and a top banking association warned the world economy will contract in 2009.“The

LONDON (AFP) - World stock markets plunged deep into negative territory Friday as gloom gathered over the global economy and dismal corporate news left investors stunned. “Everyone is staring at their screens in disbelief,” said Tom

LONDON (AFP) - Oil prices sank below 80 dollars per barrel this week as commodities were knocked by plunging world stock markets, but gold benefited from its status as a safe bet in times of economic turmoil. “The deteriorating outlook