The U.S. Senate endorsed a revised $700 billion plan to tackle a financial crisis that has shaken world markets and drawn warnings of approaching economic catastrophe. The plan now faces a final
The European Commission has put forward a revision of EU rules on capital requirements for banks that is designed to reinforce the stability of the financial system, reduce risk exposure and improve
Widening spreads on borrowing applied by Cyprus banks and a global credit crunch have failed to dent the appetite of Cypriots to borrow, with the latest figures from the August 2008 Monetary
British house prices fell 1.7 percent in the month of September to post their biggest annual drop since comparable records began in 1991, the Nationwide building society said on Thursday. Interest rate
Playboy <PLA.N> magazine is offering a new way to lose your shirt on Wall Street. The adult entertainment magazine, long famous for its photo spreads of nude women and lessons in living
The U.S. Senate approved a $700 billion bailout of the financial industry, putting pressure on the House to approve a plan that political and financial leaders called crucial to averting economic castastrophe.
The White House expressed hope on Wednesday the Senate would pass a revised $700 billion financial rescue package in the evening, after the House of Representatives voted down a bailout measure earlier
First came denial, then outrage, and finally, as the breadth of the financial crisis sank in, frenzied attempts to limit the damage. The turmoil that sent shockwaves around the world last month
Oil dipped towards $100 a barrel on Wednesday ahead of weekly U.S. oil data, which were expected to show an increase in crude oil inventories. U.S. crude fell 30 cents to $100.34
Gordon Brown's office denied on Wednesday that the British prime minister had hired investment banks to advise him on a possible plan to guarantee all bank deposits. The Daily Mail newspaper reported
