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Asian shares rally but caution ahead of G20

HONG KONG (Reuters) - Asian shares rallied and oil held on to gains on Friday as this week’s sharp losses were …

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Asian shares rally but caution ahead of G20

RBS to axe 3,000 jobs in coming weeks

LONDON (Reuters) - Royal Bank of Scotland is to cut 3,000 jobs worldwide in the next few weeks after the banking sector was rocked by the global financial crisis, the BBC reported on Friday.

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RBS to axe 3,000 jobs in coming weeks

Chrysler urges bailout but Washington split

DETROIT (Reuters) - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion (14 billion pounds) in federal aid, while Chrysler said it would be “very difficult to survive” without government support.

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Chrysler urges bailout but Washington split

Brown calls for urgent joint action on crisis

NEW YORK (Reuters) - World leaders must act urgently with co-ordinated fiscal and monetary policy to shore up the global economy, Prime Minister Gordon Brown said on Thursday ahead of a G20 financial crisis summit this weekend.

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Brown calls for urgent joint action on crisis

Germany, China and U.S. feel pain of global downturn

NEW YORK (Reuters) - Three of the world’s largest economies painted bleak pictures of current conditions on Thursday as the United States, China and Germany all provided fresh evidence of the global economic slide.

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Germany, China and U.S. feel pain of global downturn

Top hedge funds defend industry

WASHINGTON/BOSTON (Reuters) - Five of the world’s richest hedge fund managers defended their secretive industry to Congress on Thursday but most conceded they will have to disclose more information to satisfy financial regulators.

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Top hedge funds defend industry

Hedge funds see more rules

WASHINGTON/BOSTON (Reuters) - Some of the world’s richest and most powerful hedge fund managers told U.S. lawmakers on Thursday that they support greater transparency for the secretive industry, but offered divergent views on whether the industry contributed to the financial crisis.

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Hedge funds see more rules

World leaders to gather on crisis but no quick fix seen

WASHINGTON (Reuters) - A bid by global leaders to push forward plans this weekend to erect a firewall against future financial crises like the one now threatening the world economy will quickly run into tough political realities that will limit progress.

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World leaders to gather on crisis but no quick fix seen

Germany, China and U.S. in crisis pain

NEW YORK (Reuters) - Three of the world’s largest economies painted bleak pictures of current conditions on Thursday as the United States, China and Germany all provided fresh evidence of the global economic slide.

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Germany, China and U.S. in crisis pain

Goldman suspends GM rating as Chrysler urges aid

DETROIT (Reuters) - Goldman Sachs suspended its rating on General Motors on Thursday and said the automaker needs at least $22 billion (14 billion pounds) in federal aid, while Chrysler said it would be “very difficult to survive” without government support.

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Goldman suspends GM rating as Chrysler urges aid