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As global economies founder and fears of a second Great Depression swirl, the leaders of the world's 20 largest economies gathered at the G20 summit in Washington, DC, to discuss how to calm the financial waters.
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By Julie MacIntosh in New York InBev said yesterday it has agreed to sell the US brewing and distribution rights to its Canadian Labatt beer in order to win approval from the US Department of Justice for its $52bn takeover of Anheuser-Busch, ...
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By Stacy-Marie Ishmael in New York Hartford Financial Services Group, a struggling US -property and life insurer, said yesterday that it would buy a bank in order to become eligible for the Treasury's rescue programme.
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By Stephanie Kirchgaessner and Henny Sender in Washington Some of the world's top-earning hedge fund managers told Congress yesterday that they broadly agreed that largely unregulated financial vehicles ought to be subject to greater disclosure, ...
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By Carola Hoyos and Javier Blas in London Opec is poised for emergency consultations as oil prices fell below $55 a barrel on Thursday for the first time in 22 months.
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By Stephanie Kirchgaessner and Henny Sender in Washington Top hedge fund managers yesterday defended themselves against charges they had contributed to the economic crisis and warned that excessive regulation would "stifle the best innovative ...
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By Henny Sender and Stephanie Kirchgaessner Top hedge fund managers yesterday defended themselves against charges they had contributed to the economic crisis and warned that excessive regulation would "stifle the best innovative qualities" of the ...
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By AP AP -- Text of President George W. Bush's remarks Saturday after meeting with world leaders about the economic crisis, as provided by the White House: BUSH: Welcome.
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Tehran, Iran (AHN) - Iran is pushing for a reduction in oil output by 1.0 to 1.5 million barrels per day as the 13-member Organization of Petroleum Exporting Countries (OPEC) prepares to hold an extraordinary meeting in Cairo later this month.
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By GRETCHEN MORGENSON HELLO, taxpayers. Worried about the fate of the $350 billion that the government has asked you to fork over so far to help rescue financiers from themselves?
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