LONDON, Oct 8 - Britain's finance minister Alistair Darling will announce a rescue package for the banking system on Wednesday, a move likely to include a major injection of capital into banks, a government source...
WASHINGTON --The U.S. Senate, voting on the biggest government financial intervention since the Great Depression, revived a $700 billion Wall Street rescue package Wednesday evening with a solid, bipartisan tally of 74-25, putting pressure on...
March 2 - American International Group Inc <AIG.N> said on Monday that it had reached a revised rescue deal with the U.S. government, warding off for now the prospect of crippling credit rating downgrades. The...
* FTSEurofirst 300 index up 2 percent * Car stocks bounce after Monday's declines * Energy shares higher after Russian gas supplies cut * U.S., German rescue plans boost sentiment FRANKFURT, Jan 6 - European...
LONDON --The U.K. government's fiscal stimulus was launched with the good intention of rescuing the economy from what looks like becoming the biggest downturn since the Great Depression. The risk is it does more ill...
A PLAN to give troubled United States auto makers billions of dollars in government-backed loans is on life support, leaving the fate of hundreds of thousands of workers and Detroit's once-venerable car companies hanging in the balance.
BERLIN, Oct 13 - Germany's cabinet has passed a bank resue plan which includes the creation of a financial market stabilisation fund, German Chancellor Angela Merkel told reporters on Monday....
Oct. 10, 2008 (China Knowledge) - China, South Korea and Japan are considering pooling their foreign exchange reserves and setting up an US$80 billion fund to cope with the fallout from the deteriorating global financial...
WASHINGTON --The U.S. Senate is expected to approve Wednesday evening a $700 billion financial-rescue package aimed at ridding the banking system of its rotten mortgage assets. The legislation is based on the package the House...
Dec 2 - Ford Motor Co on Tuesday submitted an extensive restructuring plan demanded by Congress as a condition for supporting a $25 billion rescue package for Ford and the other two U.S.-based automakers. Following...