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• Oil rebounds on Europe’s bank rescue plan
VIENNA, Austria - A pledge by European countries to keep banks from collapsing injected optimism into oil markets Monday, with prices rebounding from a 13-month low to rise above US$80 a barrel. Gasoline and heating oil also recorded substantial ...
• 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 stages huge rally after bank aid
Investors in Asia and Europe were already buying, grabbing stocks after last week's rout and action by major governments over the weekend to bolster investor confidence. In Asia, Hong Kong's Hang Seng index surged 10.2 percent. Markets in Japan were ...
• U.S. moves to get $700 billion rescue started
The announcement came as Europe’s central banks began to take unified actions Monday aimed at easing the credit crisis. The coordinated efforts by European and U.S. authorities to prop up the banking system brought a measure of relief to markets ...
• World markets soar after last week's rout
HONG KONG - Global stock markets rebounded strongly on Monday after last week's historic sell-off as governments from Europe to Australia and the United States intensified efforts to ease a financial crisis that threatened to the throw the world into ...