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• Plan pushed for government to buy bank stocks
President Bush, right, Treasury Secretary Henry Paulson, center, and Federal Reserve Chairman Ben Bernanke are all smiles during Saturday's IMF meeting. WASHINGTON - Treasury Secretary Henry Paulson told international leaders on Sunday that ...
• European nations to guarantee bank debt
Sarkozy hoped the momentum from Sunday’s meeting wouldn’t stop at Europe’s borders, and renewed his call for a summit of major world economies to help rebuild an international financial system “to make European ideas triumph.” European ...
• AIG knew of potential problems in valuing swaps: report
NEW YORK (Reuters) - Top executives at American International Group Inc knew of potential problems in valuing derivatives contracts, known as credit default swaps, long before questions about the risky transactions caused its stock to plummet ...
• Exploring the worst-case scenario
There's no hyperbole that can describe it," said Kenneth Rogoff, a Harvard University professor and former chief economist of the International Monetary Fund. "It's very, very unlikely (that the world economy will fall into a depression) but we've ...
• North Korea preparing to restart atomic facility
The U.S. said the moves did not mean the death of international efforts to persuade the North to recommit to an agreement that offers it diplomatic and economic concessions in exchange for nuclear disarmament. Despite the gloomy implications of North ...