President-elect Barack Obama may soon have access to a $350 billion fund to restore damaged financial markets and help the nation work through a serious economic downturn.
The trillions of dollars in public funds U.S. officials are putting on the line to stabilize financial markets and protect the economy from a deep recession would, in normal times, inspire fear of soaring inflation and a tumbling dollar.
TAIPEI, March 16 - Taiwan is planning to expand its financial rescue fund more than four-fold to over T$1 trillion ($29 billion) to stabilise the financial system, a newspaper reported on Monday. The fund would...
WASHINGTON, Jan 9 - President-elect Barack Obama's economic team is urgently overhauling the $700 billion financial rescue package to broaden its scope beyond Wall Street, The Washington Post reported on Friday. Treasury Secretary nominee Timothy...
The $700 billion financial rescue package approved by Congress to shore up banks also carries a parallel bailout of the financial sector and other industries through a series of obscure tax breaks. Operating mostly under...
NEW YORK, Sept 24 - President George W. Bush on Wednesday said he was confident that there will be a "robust" financial rescue plan. Bush said the legislative process was "full of give and take,...
WASHINGTON, Feb 2 - The U.S. Treasury Department will in the next few days outline new requirements for Wall Street firms receiving federal aid and further steps to rescue the financial system, officials said on...
BEIJING, Oct 30 - China kept the door open to a bigger role in international efforts to rescue financially beleaguered governments, giving a vague yet positive offer on Thursday to consider pitching in. Chinese Foreign...
* JAL seeks Y600 bln in aid, capital, loans -sources * Y300 bln in form of debt waiver, equity swap -sources * Y300 bln in capital, loans -sources * Banks wary of fresh aid, situation...
* JAL seeks Y600 bln in aid, capital, loans -sources * Y300 bln in form of debt waiver, equity swap -sources * Y300 bln in capital, loans -sources * Banks wary of fresh aid, situation...