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• U.S., bankers rework massive bailout plan
Scrambling to catch up with events, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and the bankers were modeling many parts of their revamped program after strong initiatives in Europe, where governments put $2.3 trillion on ...
• UK bails out banks as Europe acts
Britain bailed out three major banks with 37 billion pounds ($64 billion) on Monday, as European governments used taxpayers' cash to take control and boost confidence in the battered industry. In return for the British government's cash, which could ...
• Wall Street rebounds; Dow soars over 700
Investors in Asia and Europe also grabbed stocks after last week’s rout and the weekend moves by governments to bolster investor confidence. In Asia, Hong Kong’s Hang Seng index surged 10.2 percent. Markets in Japan were closed for a holiday. In ...
• Christmas Markets in Europe
It's almost holiday shopping time. This year, why not skip the mad dash to the mall and, instead, combine a little retail therapy with a European vacation? If you're thinking a trip to Europe's enchanting Christmas Markets will blow your budget, we ...
• Oil below $88 on U.S., Europe recession fears
SINGAPORE - Oil prices fell below $88 a barrel Thursday in Asia on investor fears that crude demand will weaken as turmoil in the financial system pushes economies in the U.S. and Europe into recession. Light, sweet crude for November delivery was ...