The U.S. Federal Reserve resumed its policy meeting on Wednesday at which officials will consider ways to revive the economy now that their traditional interest-rate cutting tools have been exhausted. The Fed
Following are details about major bank bailouts since September: AUSTRIA: Nov. 3, 2008 — Buys 99.8 percent of Kommunalkredit for a nominal sum and says will inject fresh capital. Takes 49 percent
European shares jumped more than 3 percent in late trading on Wednesday as financial stocks surged on improved sentiment and energy shares tracked a rise in crude. Optimism that the new U.S.
World stocks gained for the third day in a row on Wednesday after reassuring corporate results on Wall Street while a Federal Reserve meeting later in the day was eyed for possible
U.S. President Barack Obama's $825 billion package to stem the U.S. recession headed toward anticipated passage on Wednesday in a sharply divided House of Representatives. Most House Republicans were expected to oppose
Asian shares rose on Wednesday, helped by gains on Wall Street, but Japan lagged as exporters such as Honda Motor Co lost ground on news that U.S. consumer confidence has slumped to
European shares fell by midday on Tuesday as investors took profits following Monday's gain of more than 3 percent, with energy stocks the biggest losers on the index. By 1136 GMT, the
German business sentiment posted a surprise rise in January, a survey from Europe's biggest economy showed on Tuesday, offering a glimmer of optimism in a global crisis which prompted Japan to extend
Russia plans a 900 billion-rouble ($27.4 billion) capital injection for commercial banks hit by the economic crisis, with state-controlled lenders set to receive the largest share, government sources said on Tuesday. Sberbank,
World stocks rose on Tuesday with Japan climbing sharply as the government moved to rescue capital-strapped companies and European shares boosted by a positive German sentiment report. The dollar was generally lower
