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Finance leaders endorse G7 plan to calm markets (Reuters)

11-10-2008 20:24

International Monetary Fund Managing Director Dominique Strauss-Kahn speaks at a news conference of the annual IMF-World Bank meeting in Washington October 11, 2008. (Yuri Gripas/Reuters)Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets.

Wealth funds, recipients adopt investing principles (Reuters)

11-10-2008 19:27

Reuters - Government-owned wealth funds and the countries that accept their investments agreed on Saturday to a set of principles aimed at ensuring that both sides play by the rules.

Finance chiefs endorse G7 action plan: IMF panel (Reuters)

11-10-2008 18:11

International Monetary Fund Managing Director Dominique Strauss-Kahn speaks at a news conference of the annual IMF-World Bank meeting in Washington October 11, 2008. (Yuri Gripas/Reuters)Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan announced by major economies to chart a course out of the credit crisis.

Chrysler, GM have merger talks: sources (Reuters)

11-10-2008 17:36

A new Chrysler sign is seen after the DaimlerChrysler sign was removed from the front of the Chrysler headquarters in Auburn Hills, Michigan in this August 4, 2007 file photo. (Rebecca Cook/Files/Reuters)Reuters - Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter.

IMF warns of financial meltdown (Reuters)

11-10-2008 17:08

Egypt's Finance Minister and International Monetary and Financial Committee (IMFC) Chairman Youssef Bourtos-Ghali (2nd R), International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (C), IMF's First Deputy Managing Director John Lipsky (2nd L) and IMF Secretary Shailendra Anjaria (R) attend the meeting of the IMFC at IMF Headquarters in Washington October 11, 2008. (Stephen Jaffe/IMF/Handout/Reuters)Reuters - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.

AIG's gallows humor gives bankers a laugh (Reuters)

11-10-2008 16:52

The logo of American International Group (AIG) is seen at their offices in New York September 18, 2008. (Eric Thayer/Reuters)Reuters - Insurance giant American International Group , on the receiving end of a multi-billion dollar bailout from the Federal Reserve, was trying hard on Saturday to look on the bright side of life.

GM talked merger with Ford before Chrysler: report (Reuters)

11-10-2008 16:49

American flags flutter in the wind in front of the General Motors Corp. headquarters in downtown Detroit, Michigan in this November 7, 2007 file photo. (Rebecca Cook/Files/Reuters)Reuters - General Motors Corp approached Ford Motor Co about a possible merger of the two biggest U.S. car companies before more recent talks with Chrysler, the New York Times reported on Saturday.

Italy to push for broader G7 membership (Reuters)

11-10-2008 15:57

U.S. Treasury Secretary Henry Paulson (L-R), Italy's Economy Minister Giulio Tremonti and and Japan's Finance Minster Shoichi Nakagawa pose for a group photo after the G7 Ministers meeting at the Treasury Department in Washington October 10, 2008. (Yuri Gripas/Reuters)Reuters - Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations' club next year, Italian Economy Minister Giulio Tremonti pledged on Saturday.

Italy proposes broadening G7, changing IMF (Reuters)

11-10-2008 15:10

Reuters - Italy will propose broadening the Group of Seven nations and giving new and different tasks to the International Monetary Fund and World Bank, Italian Economy Minister Giulio Tremonti said on Saturday.

IMF warns of financial meltdown; Europe seeks unity (Reuters)

11-10-2008 14:26

A view of the International Monetary and Financial Committee meeting during the annual IMF-World Bank meeting in Washington October 11, 2008. (Yuri Gripas/Reuters)Reuters - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.