Europe considers euro bailout aid for banks

The European Central Bank and a group of euro zone countries are working on a possible initiative to enable crisis-stricken banks to have direct access to Europe's permanent bailout fund, German daily

Euro remains in range, just below $1.32

Asian shares rose on Wednesday ahead of the Federal Reserve's policy meeting, boosted by firm U.S. corporate earnings, signs of an improving U.S. housing market, and healthy demand for euro zone sovereign