The U.S. Treasury on Tuesday unveiled a revamped financial rescue plan to cleanse $500 billion (341.2 billion pounds) in spoiled assets from banks' bo...
The U.S. Treasury on Tuesday unveiled a revamped financial rescue plan to cleanse $500 billion (341.2 billion pounds) in spoiled assets from banks' books and support $1 trillion in new lending through an expanded Federal Reserve programme.
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Japanese firms took heavy body blows Friday while investors looked to the United States for progress on a $900 billion (612.5 billion pound) stimulus and data expected to show the world's largest economy shedding jobs at an alarming rate.
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U.S. President Barack Obama urged action on a $900 billion (615 billion pound) stimulus bill before Congress to stave off "catastrophe", as a surge in the number of new jobless benefit claims painted a picture of an economy in deep recession.
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