KUALA LUMPUR, Oct. 13, 2008 (Reuters) — The world readied on Monday for a slew of bank bailouts worth hundreds of billions of dollars in an effort to staunch the credit rout that threatens to tip the global economy into recession. ... > full story
NEW YORK, Oct. 12, 2008 (Reuters) — High anxiety on Wall Street won't subside next week as the deepening credit crunch pushes the global economy into recession and corporate profits increasingly become an afterthought as investors scramble to raise enough cash to weather the credit crisis. ... > full story
WASHINGTON, Oct. 12, 2008 (Reuters) — The global economy is drawing closer to a dangerous downward spiral and time may be running out for world leaders to find a way to stop it before it inflicts lasting damage. ... > full story
LONDON, Oct. 12, 2008 (Reuters) — Investors will be seeing this week whether policymakers found a way to pull markets away from a deeper collapse as global capital markets faced complete freeze-up. ... > full story
LONDON, Oct. 12, 2008 (Reuters) — Major British banks are likely to announce their plans to recapitalize early on Monday, a person familiar with the matter said, a move which could see the government take multi-billion pound stakes in several lenders. ... > full story
DUBAI, Oct. 12, 2008 (Reuters) — Iran says the recent steep slide in oil prices and worsening global financial crisis will be studied carefully before it makes a proposal on output reductions for OPEC, the Islamic Republic's OPEC governor said on Sunday. ... > full story
WASHINGTON, Oct. 11, 2008 (Reuters) — Government-owned wealth funds and the countries that accept their investments agreed on Saturday to a set of principles aimed at ensuring that both sides play by the rules. ... > full story
WASHINGTON, Oct. 11, 2008 (Reuters) — Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations' club next year, Italian Economy Minister Giulio Tremonti pledged on Saturday. ... > full story
WASHINGTON, Oct. 11, 2008 (Reuters) — Treasury Secretary Henry Paulson said on Saturday that emerging market countries are not immune to the most serious global economic risks in recent memory and must be careful in their policy choices. ... > full story
COLOMBEY-LES-DEUX-EGLISES, France, Oct. 11, 2008 (Reuters) — French President Nicolas Sarkozy and German Chancellor Angela Merkel paved the way on Saturday for European measures to tackle the global financial crisis but revealed little about their plans. ... > full story
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Britian 'to launch big bail-out' Oct. 12, 2008 (ITV) — The Government is to launch its biggest retail bank rescue on Monday, according to reports.. . The four largest banks HBOS, Royal Bank of Scotland ...
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