The United States may need to insure wholesale deposits to ease the credit crisis and restore confidence because the collapse of Lehman Brothers has damaged trust among institutional investors, Barclays said. "What
Germany has fallen into recession and China industry output growth dropped to its lowest in seven years, data showed on Thursday, reinforcing fears the financial crisis is plunging the world into a
The U.S. government's $700 bln bailout fund is unlikely to be enough, with the financial system needing more than $1 trillion to get through the crisis, two of Wall Street's top dealmakers
Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt
Japan is ready to offer up to $100 billion to the International Monetary Fund to assist emerging economies, a Japanese government source said on Thursday, ahead of a global summit on the
Asian shares fell on Thursday to their lowest this month on uncertainty about the U.S. Treasury's banking rescue plan and signs the global financial crisis biting deeper in Asia. Japan's Mizuho Financial
Treasury Secretary Henry Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial
Stocks extended losses on Wednesday after Treasury Secretary Henry Paulson said his department would consider capital needs of non-bank financial institutions, renewing concerns about the scope of problems in the U.S. economy.
Google Inc will defend or even grow advertising market share as global spending shrinks in the downturn because its "efficient" model is suited to hard times, Chief Technology Advocate Michael T. Jones
YouTube will venture into webcasting later this month, in an effort to take the video sharing Web site's popularity to a new level by showcasing the talent behind its most viewed videos.
