U.S. President-elect Barack Obama visited the White House on Monday for his first post-election meeting with President George W. Bush, a strikingly symbolic moment in the transition of power. Obama, who will
Asian stock markets and oil prices retreated on Tuesday while the yen pushed higher as a souring economic outlook cooled investor hopes sparked by China's massive stimulus plan. Stocks pulled back after
Evidence of a weakening Chinese economy, feeble data from Australia and Britain and a darkening corporate outlook in the United States reinforced fears of a prolonged global recession on Tuesday. China's inflation
European shares rose on Monday as commodities surged on a near $600-billion Chinese economic stimulus plan, though stocks ended well off day highs on doubts that the plan was enough to avert
The financial crisis requires a global solution for money market funds, including a liquidity pool for struggling funds, the chairman of the UK money market fund association told Reuters. The U.S. Federal
Governments around the world are announcing rescue plans to support banks and unfreeze credit markets. Over $5 trillion has been committed to bailing out the financial sector, while regulatory reforms loom and
The U.S. government dramatically boosted its bailout of insurer American International Group Inc and eased the terms of its loans to the company on Monday after an initial rescue plan failed to
Barack Obama will put politics aside in his first post-election visit to the White House on Monday, but he is already reviewing some of President George W. Bush's executive orders with an
Industrial output falls in the euro zone's three largest economies in September strengthened the view that the bloc is already in a recession which may be deeper than expected and will last
Remember inflation? Just four months ago, soaring commodity costs were the biggest economic worry as oil raced to a record high. Now the buzz word is deflation, and that is altering both
