British inflation hit a 16-year high of 5.2 percent in September, but that is likely to be the peak and interest rates are still expected to come down sharply over the next
The United States will pump $250 billion into its banks on Tuesday, following similar measures in Europe, but data showed the threat of recession has not been banished even if a financial
Britain's top share index was up 6.3 percent by midday on Tuesday, extending the previous session's sharp gain, with Washington set to unveil a $250 billion injection into its banks, further easing
Blackstone Group chief executive Stephen Schwarzman said on Tuesday that action by the U.S. government to inject cash into its banks, alongside other dramatic moves around the world, could break the back
British gilt dealers urged the Debt Management Office (DMO) to fund the government's bank recapitalisation programme predominantly with short-dated securities, minutes of a meeting showed on Tuesday. The DMO met gilt dealers
Nationalised British mortgage lender Northern Rock said it was repaying its emergency government loan more quickly than planned, but warned the housing market slump could hinder further progress. In a trading statement,
Google Inc and Yahoo Inc are in talks with the U.S. Justice Department in an effort to head off an antitrust challenge to their proposed advertising agreement, The Wall Street Journal said
Federal Reserve Chairman Ben Bernanke said a U.S. financial rescue plan to be fleshed out on Tuesday would restore normality to markets and lay the groundwork for economic recovery. Bernanke, writing an
The U.S. Treasury could pump $250 billion into U.S. banks in what Federal Reserve Chairman Ben Bernanke called on Tuesday a comprehensive attempt to end the credit crisis, restoring market confidence and
Asian stocks surged for a second day on Tuesday, with Japan's Nikkei up a record 14 percent, as investors hoped plans from governments around the world to take stakes in banks will
