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Reuters - Central banks in Europe are poised to slash interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policy makers in the industrialized countries had anticipated.
AFP - US Treasury chief Henry Paulson led a high-powered delegation for bilateral talks that opened here on Thursday amid hopes China will flex its financial muscle to help save the world economy.
AFP - China's top envoy to high-level economic talks with the United States urged Washington Thursday to make sure Chinese investments in the US economy were safe.
AP - The deepening world economic crisis and a possible spat over currency levels hung in the air as the United States and China sat down Thursday to discuss the future of their economic relations.
AFP - China and the United States began a twice-yearly economic meeting here Thursday, officials said, which was set to be dominated by discussions on how to cope with the global financial turmoil.
AFP - Economic activity weakened across the United States over the past several weeks with most sectors facing pressure, the Federal Reserve said in its Beige Book report Wednesday.
Reuters - New York City Mayor Michael Bloomberg said he had advised President-elect Barack Obama's transition team to boost U.S. economic growth by fixing the credit markets so that cities and states can resume borrowing to build infrastructure projects.
Reuters - Former New York Governor Eliot Spitzer, who resigned earlier this year over his involvement in a prostitution ring, will write a column for online magazine Slate.com about the economy and financial regulation.
AP - President-elect Barack Obama selected New Mexico Gov. Bill Richardson as his commerce secretary Wednesday, naming a prominent Hispanic to his new Cabinet and calling him a leading "economic diplomat for America" in troubled times.
AFP - US job losses accelerated in November while German car sales skidded, according to the latest batch of data Wednesday that added to worries about the global economic outlook.
Reuters - Democrats in Congress, unable to convince the outgoing Bush administration to support a broad economic stimulus bill, are looking at a stopgap measure to feed the poor and help them get health care, congressional aides said.
AP - The country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production.
Reuters - Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record.
Reuters - Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday.
AFP - The US labor market shed jobs at a breakneck pace in November amid deteriorating economic conditions, surveys showed Wednesday, signaling the world's largest economy is diving into the depths of recession.
Reuters - Legg Mason's Bill Miller, a celebrated value investor but whose stock picking is far off the mark this year, said on Wednesday the "bottom has been made" in U.S. equities, and forecast opportunities for strong gains once markets rally.
Reuters - Treasury secretary Henry Paulson is debating whether to ask Congress for the next $350 billion in the $700 billion U.S. bailout, the Wall Street Journal reported on its website on Tuesday.
Reuters - Economic activity has weakened across the United States since early October, while price pressures have eased with declines in retail and energy prices, the Federal Reserve said on Wednesday.
AFP - Oil prices tumbled Wednesday under 45 dollars, hitting their lowest point since February 2005, as weak US economic data sparked renewed concern about slowing global energy demand.
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