Wachovia set to get cash infusion
Wachovia, the fifth largest US bank by market value, is expected to announce that it will raise several billion dollars in new capital from outside investors to shore up its
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Kaufman says Fed failed as regulator
Henry Kaufman, the distinguished Wall Street economist, has added his voice to the debate about the Federal Reserve's role in the credit crisis, saying the central bank failed to give
US softens demands on North Korea
Pyongyang will no longer have to provide a complete declaration of its nuclear activities under a tentative deal reached with Washington towards easing tensions on the Korean peninsula, according to
Media accused of bias against Clinton
The US media have abandoned all pretence at neutrality in the Democratic presidential contest and are heavily biased towards Barack Obama and against Hillary Clinton, according to Ed Rendell, the
NYSE set to challenge LSE in Europe
In a challenge to the London Stock Exchange's success in drawing big initial public offerings, rival NYSE Euronext has launched a "fast path" campaign to persuade Chinese, Indian and Russian
Delta and Northwest merger imminent
Delta Air Lines is close to an agreement to merge with rival Northwest Airlines in a tie-up that will create the world's largest carrier and help insulate the combined company
World bank considers Africa ’super-fund’
Sovereign wealth funds could provide capital for an initiative to channel investment to the continent's emerging markets, under a plan being considered by the World Bank's private-sector lending arm
World leaders urge action on food prices
World leaders called for urgent action to tackle soaring global food prices, while promising to quickly implement measures to strengthen the international financial system and prevent a repeat of the
BA postpones long-haul move to T5
British Airways and BAA have delayed the planned move of the airline's long-haul services to T5 until June following the chaotic launch of the showpiece £4.3bn facility two weeks ago
Europe knocked by poor GE results
European shares suddenly slid into negative territory after US bellwether General Electric reported an unexpected drop in profits, knocking confidence across the Atlantic