Many people want to know, who is going to pay? European Central Bank (ECB) chief economist Juergen Stark has warned that the mega rescue plans - 1.8 trillion euros (S$3.6 trillion) in Europe and US$700 billion (S$1 trillion) in the United States - would not give...
The shortfall widened to $455 billion in the fiscal year ended Sept. 30, compared with a $162 billion deficit a year earlier and the previous high of $413 billion in 2004, the Treasury said today in Washington...
The $150B plan, similar to one rejected by Senate, would help states pay for healthcare, food stamps and unemployment...
With a new trading week dawning, U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending...
Most Asian stock markets rebounded on Thursday after China, Taiwan, Hong Kong and South Korea cut interest rates, following Western central banks in a coordinated campaign to support...
China's banking watchdog has approved its plan to open two microcredit firms in Hubei Province, tapping the nation's vast rural market...
President reassures citizens, says government actions will prevent a painful and deep recession...
To pay for its burgeoning responsibilities, the Fed has no choice but to keep printing more money. To prevent that flood of new money from reducing the central bank鈥檚 overnight interest rate to zero...
After a long delay, the Government, through the City regulator, the financial Services Authority, has finally moved to raise the amount of cash which will be protected from 拢35,000 to 拢50,000 鈥� still less than in many other countries...
The leaders said they want to allow banks to keep some assets valued as if they'd be held until maturity, instead of having to review their value each quarter...