global markets

The head of the International Monetary Fund welcomed a European bank rescue plan on Monday despite its high cost, and predicted that weekend efforts by world leaders would soothe anxious global markets.

Treasury Secretary Henry Paulson says global financial markets remain severely strained, underscoring the need for quick action to implement the government's $700 billion rescue program.

Asian and European markets react to the U.S. House of Representatives' rejection of the $700 billion White House bailout bill.

U.S. lawmakers rejected a $700 billion bailout plan for the financial industry in a shock vote that sent global markets sliding as the world credit crisis claimed more banks.

World leaders called for international action to combat the global financial crisis, urging cooperation even as the U.S. pressed ahead with unilateral action to stem a credit crunch that has engulfed global markets.

World leaders called Tuesday for international action to stem the financial crisis, urging cooperative solutions over U.S. steps to counter a credit crunch that has spilled outside U.S. borders to engulf global markets.

European Central Bank President Jean-Claude Trichet on Saturday defended central bank responses to the financial turmoil that has roiled global markets for the past year and warned the storm is not over.

THEY rarely ring a bell at the bottom of bear markets. Investors who thought they had heard a tinkling sound when Bear Stearns, a failing American investment bank, was bundled into JPMorgan Chase in March have been disappointed.

It seems like only yesterday I remember hearing Ben Bernanke reassuring the US and Global Markets that fallout from the Subprime Mortgage Scandal was an "Adjustment" and would have little effect on the overall economy (except the obvious ones).