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U.S. bailout deal near

WASHINGTON (Reuters) - Congress looked close to reaching a deal to approve a $700 billion (377 billion pound) plan to bail out the U.S. financial system and President George W. Bush called an emergency meeting for Thursday to hammer out details.

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U.S. bailout deal near

Asian stocks drift lower as U.S. dollar dips

SINGAPORE (Reuters) - Asian stocks fell and the U.S. dollar dipped against major currencies on Thursday, pressured by doubts over the U.S. government’s proposed $700 billion (377 billion pound) bailout plan and worries about the economic fallout from the crisis.

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Asian stocks drift lower as U.S. dollar dips

U.S. Congress angry over bailout

By Mark Egan
NEW YORK (Reuters) - Bush administration officials warned an angry Congress on Wednesday that the U.S. financial system would sink into Great Depression-style chaos unless it approved a $700 billion (379 billion pound) bailout plan and the president called an emergency meeting for Thursday to try to …

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U.S. Congress angry over bailout

Congress angry over bailout as candidates bicker

NEW YORK (Reuters) - Bush administration officials warned an angry Congress on Wednesday that the U.S. financial system would sink into Great Depression-style chaos unless it approved a $700 billion (379 million pound) bailout plan, which has become a political football in the U.S. presidential campaign.

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Congress angry over bailout as candidates bicker

Italy PM aide seeks to revive Alitalia deal

By Stephen Brown and Alberto Sisto
ROME (Reuters) - Prime Minister Silvio Berlusconi’s right-hand man on Wednesday held a flurry of meetings with the main players in Alitalia’s faltering sale, amid speculation that a last-minute deal to save the airline could be pulled off.
With the Thursday deadline looming for Alitalia to present a new rescue plan or lose its operating licence next week and see more than 19,000 workers sacked, Berlusconi cancelled a visit to the U.N. General Assembly i

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Italy PM aide seeks to revive Alitalia deal

Congress is pressed for bailout with dire warnings

By Mark Egan
NEW YORK (Reuters) - Congress must approve a $700 billion (379 billion pound) financial bailout or see the lifeblood squeezed from the world’s richest economy, the U.S. central bank chief warned on Wednesday, as the crisis overran the U.S. presidential campaign.
Bush administration officials warned of a looming economic disaster akin to the Great Depression of the 1930s if an angry and rancorous Congress failed to act swiftly to fund a bailout that would be larger than the t

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Congress is pressed for bailout with dire warnings

Policymaker sees economy contracting

LONDON (Reuters) - The economy has slowed sharply and could begin to contract in the second half of this year or early in 2009, Bank of England policymaker Andrew Sentance said on Wednesday.

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Policymaker sees economy contracting

Barroso calls for U.S. economic coordination with EU

BRUSSELS (Reuters) - The next U.S. president should coordinate carefully with Europe on economic policies over the long term in response to the crisis sweeping global financial markets, the head of the European Commission said on Wednesday.

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Barroso calls for U.S. economic coordination with EU

Daimler may sell remaining Chrysler stake

DETROIT (Reuters) - Daimler AG said on Wednesday it was in talks with private equity group Cerberus Capital Management to sell its remaining 19.9 percent stake in struggling …

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Daimler may sell remaining Chrysler stake

Bailout debate rages

NEW YORK (Reuters) - The White House’s proposed $700 billion (377 billion pounds) financial bailout met scepticism and anger from lawmakers on Wednesday, stoking fresh anxiety on Wall Street despite a $5 billion Wall Street investment by billionaire Warren Buffett that was hailed as a vote of confidence.

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Bailout debate rages