U.S. lawmakers have "taken leave of their senses" by rejecting a $700 billion financial bailout plan, European Union Trade Commissioner Peter Mandelson said on Monday. The U.S. House of Representatives earlier voted
Federal Reserve monetary policy over the long run must be aimed at maintaining the U.S. dollar's value by focusing on keeping inflation low, Kansas City Fed President Thomas Hoenig said on Monday.
Panic gripped markets after U.S. lawmakers unexpectedly rejected a $700 billion bailout plan for the financial industry, with Asian stocks opening sharply lower after Wall Street's biggest fall since the crash of
President Nicolas Sarkozy repeated on Monday a pledge to protect French bank deposits from any losses in the financial market crisis, and called a meeting of bank and insurance bosses to discuss
U.S. President George W. Bush said on Monday the $700 billion financial bailout package addresses the root cause of the financial crisis and will help it from spreading throughout the economy. In
BRUSSELS, Sept 29 (Reuters) – The European Commission said on Monday it was confident that measures by the Belgian, Dutch and Luxembourg states in a rescue of financial services group Fortis would
European central banks joined Asian counterparts in pumping more cash into paralysed money markets on Monday, but commercial banks preferred to hoard cash rather than lend to each other as the financial
Greek Cypriots and Turkish Cypriots will have to jointly face the problem of water shortage on the island when the Cyprus problem is solved, Cypriot President Demetris Christofias has said. Invited to
Citi analysts forecast rate reductions The weekend’s events have highlighted European fragility in the financial crisis, note Citigroup analysts. In the UK, the eighth biggest mortgage lender (in terms of mortgage lending
A swathe of bank rescue deals took shape around Europe on Monday and fear gripped financial markets before a U.S. lawmaker vote to push through a $700 billion fund to deal with
