United States, China to Jointly Tackle Financial Crisis
The United States and China pledged Friday to work together to tackle global financial turmoil as they wrapped up economic talks but left open whether the high-level dialogue will continue under President-elect Barack Obama.

China, U.S. Deepen Financial Ties, Aid Global Trade (Update1)
Dec. 5 (Bloomberg) -- China and the U.S. pledged $20 billion to fund trade and agreed to deepen financial ties, stepping up efforts to counter the credit crisis in their final economic talks before President-elect Barack Obama takes office.

Some financial products shining in gloom
Recent stock market volatility has hit many investors hard but some financial products continue to shine despite the gloomy economic picture.

Mitsubishi UFJ, Financial Stocks Decline on Weakening Economy
Dec. 5 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. , Japan?s biggest bank, led declines among financial stocks in Tokyo on concern the deteriorating economy will harm lenders.

Financial crisis costs 400 more ANZ jobs
THE turmoil sweeping through the financial services sector has claimed another 400 jobs, this time at ANZ Bank, whose latest cuts follow the reductions made by Macquarie Group.

EU sees no problems with Bank of America takeover creating largest US financial group
BRUSSELS, Belgium - European Union antitrust regulators on Friday cleared Bank of America Corp. to buy Merrill Lynch & Co., saying they saw no problems with the $50 billion takeover that will create the largest U.S. financial services company.

Enrollment drop puts Catholic schools at financial risk
Archdiocese plans summit in face of 5% drop in enrollment A 5 percent drop in Catholic school enrollment this year will leave the majority of the Archdiocese of Baltimore's schools in serious financial trouble, according to Archbishop Edwin F. O'Brien.

Financial markets downbeat as job losses swell
Growing numbers of workers falling victim to a weakening economy are adding to gloom on financial markets.

Global financial crisis an 'act of God'
An Australian MP has raised eyebrows by claiming the global financial crisis is an act of God.

Honda quits over financial crisis
Honda has announced its shock withdrawal from Formula One over the global financial crisis, ending an involvement which began in the 1960s.

Head of Financial Rescue Says Treasury Considering Mortgage Rate Plan
The financial industry is pushing a proposal for the Treasury Department to seek to lower the rate on a 30-year mortgage to 4.5 percent. 

SMEs in S China to get financial aid amid global economic meltdown
Authorities of south China's Guangdong Province approved a financial plan on Friday to help small and medium-sized enterprises (SMEs) to survive the global financial crisis. The provincial government will inject more than 10 billion yuan(1.45 U.S. dollars) as of next year in loan granting, tax reduction, business transformation and upgrading, and improving government services to SMEs, which are ...

Financial Times 100-share index is down 59.97 points at midday to 4,103.64
LONDON - At midday on Friday at the London Stock Exchange, the Financial Times 100-share index fell 59.97 points to close at

Financial markets downbeat as job losses swell; RBC profit down 15 per cent
TORONTO - Growing numbers of workers falling victim to a weakening economy are adding to gloom on financial markets.And Canada's largest

Economy is facing the "most severe financial crisis in recent years"
The economy is facing its "most severe financial crisis in recent years", the Scottish Government's key team of economic experts today warned as it published its first annual report.

Dodd disappointed with financial bailout
WASHINGTON, Dec. 4 (UPI) -- The U.S. auto industry provided more information to show it deserves taxpayer support than financial companies have, U.S. Sen. Christopher Dodd, D-Conn., said.

Financial Crisis Economic tensions loom over US China talks. 05/12 13:25 CET
China and the US have pledged around 15 Billion euros to boost global trade. The announcement came despite talks being overshadowed by tensions after China criticised excessive consumption in the US for the financial crisis.

Financial Stocks: Financial stocks slip; AIG may renegotiate bailout
U.S. financial stocks as a group fall about 1% following a few days of gains, and are likely to remain volatile if the trend set in recent sessions prevails.

Financial bid date for UP power plant extended again
Apparently faced with disinterested bidders, the Uttar Pradesh government has extended the date for the submission of financial bids for the proposed thermal power plant in Allahabad district to December 15.

Lebanon 'immune' to financial crisis
Bankers in Beirut say they were prepared for the financial meltdown hitting the world's financial markets and they are booming as a result.