Europe waits nervously as lawmakers in Washington continue to wrangle over a $700 billion rescue package for U.S. financial institutions. Talks between the Bush administration and congressional negotiators continue Friday after reportedly contentiou...
U.S. congressional leaders have resumed talks on a $700 billion financial rescue package. The difficult talks resumed after the negotiators agreed to consider proposals from House Republicans, whose opposition to a White House backed plan had threat...
A United Nations survey on global investment prospects shows the U.S. financial crisis and economic downturn are making corporations more cautious about future foreign investment. VOA Correspondent Steve Herman reports from New Delhi. Official relea...
New Yorkers have a reputation for being resilient and bouncing back from crisis to crisis. Last week's financial upheaval hit Wall Street, the nation and the world pretty hard, but many people in New York kept their tough, impervious, can-do attitud...
The Bush administration is urging U.S. lawmakers to quickly pass its sweeping $700-billion bailout plan for financial institutions that are holding large amounts of bad mortgage debt. U.S. Treasury Secretary Henry Paulson said in television intervie...
The Bush administration is urging U.S. lawmakers to quickly pass its sweeping $700-billion bailout plan for financial institutions that are holding large amounts of bad mortgage debt. U.S. Treasury Secretary Henry Paulson said in television intervie...
The financial crisis that has gripped the United States has particular resonance for Asia, which was racked by its own financial crisis 11 years ago. Indeed, some of the root causes of the two crises are similar, which has sparked some concern in As...
As the financial crisis claimed more victims this week on Wall Street, the rest of the world's markets and banks have been in turmoil. In Britain, 45,000 banking jobs are now in jeopardy. VOA's Mandy Clark looks at the global financial fallout of th...
Leading central banks have rushed to add more cash to the world's financial system in an effort to calm nervous international markets. As Ron Corben in Bangkok reports, most Asian stock markets fell again Thursday, as investors continued to react to...
The Indian Prime Minister says that Indian financial institutions will not be impacted by the global credit crisis, but admits the country's high-growth economy could slow down. As Anjana Pasricha reports from New Delhi, his assurance came as the co...