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The Bank of England cut interest rates to World War II levels and the European Central Bank made the deepest rate cut in its 10-year history, as Europe's two main central banks moved yesterday to combat a deepening economic...
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As the Senate Banking Committee opened the latest round of congressional hearings Thursday on a potential rescue package for U.S. automakers, the committee chairman, Senator Christopher Dodd of Connecticut, suggested that it...
Throwing a lifeline to Europe's rapidly sinking economy, the European Central Bank today announced the deepest interest rate cut in its 10-year history, a clear sign that it has made rescuing the economy its top priority. The...
OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper won a rare suspension of Parliament on Thursday, managing to avoid being ousted by opposition parties angry over the minority Conservative government's economic plans...
The government needs to move much more aggressively to help people avoid losing their homes to foreclosure, Federal Reserve Chairman Ben S. Bernanke said yesterday, trying to boost efforts that had stalled in recent weeks.
Europe's stock markets closed modestly lower Thursday, despite hefty interest rate cuts across the continent. Wall Street fell amid further grim corporate and economic news ahead of Friday's crucial U.S. jobs report for November.
By Kaori Kaneko TOKYO (Reuters) - The dollar rebounded against the euro as investor risk aversion grew following falls in U.S. stocks and before U.S. job data that is expected to be dismal. The dollar also got a boost against...
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