Go after the Russian oligarchs? Target Russian assets abroad? William Taylor, former U.S. Ambassador to Ukraine, and Stephen Myrow, Beacon Policy Advisors managing partner, discuss how to get Putin to back out of Crimea.» Read More
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes, one of the root causes of the global financial meltdown.
A year ago UK lending facility Northern Rock was nationalized by the government. Since then, there has been the nationalization and saving of many more financial institutions worldwide.
Russia's super-rich are also super-losers in the financial crisis, according to the business magazine Finans, which said Monday the top 10 wealthiest Russians lost about two-thirds of their fortunes over the past year.
Uncertainty about how far world fuel demand and oil prices will fall has made it harder than ever for OPEC members to agree on how to balance group output policy against the divergent needs of their individual budgets.
The U.S. Congress was expected to pass a $789 billion economic stimulus package aimed at unleashing large spending and tax cuts to help yank the economy out of a 14-month recession.
US lawmakers prepared Thursday to pass a $789 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned may have costly consequences.
Banking leaders who benefited from a federal bailout are bringing a message of accommodation and gratitude to Congress, hoping for a better reception than the one given Treasury Secretary Timothy Geithner.
The Obama administration's financial-rescue plan contains a number of measures meant to ease the credit crunch, including a public-private initiative to take bad assets off of banks' balance sheets.
The new financial rescue plan may not work and could even make things worse because it plunges the US further into debt and it is designed by the same people who failed to forecast the crisis and take measures, legendary investor Jim Rogers told CNBC Tuesday.
The Obama administration pushed back the announcement of a keenly awaited bank rescue plan until Tuesday as it pressed lawmakers to settle their differences over a huge economic stimulus package.
The Democratic-led Senate will try again to pass a $937 billion stimulus package aimed at boosting the battered economy as some of the worst unemployment data in decades boosted political pressure for a deal.
President Barack Obama warned that failure to act on an economic recovery package could plunge the nation into a long-lasting recession that might prove irreversible, a fresh call to a recalcitrant Congress to move quickly.
Russia is preparing to inject around $40 billion in Tier 1 and Tier 2 capital into domestic banks, with the condition that banks will lend some of the funds to businesses, Finance Minister Alexei Kudrin said on Wednesday.
Oil is relatively cheap, supplies are more than ample (some analysts fear we're awash in crude), so why am I paying more at the gas pump than I was a month ago?
President Obama kicks off a campaign to rein in corporate compensation with rules limiting executive pay to $500,000 a year for companies getting taxpayer bailout funds in the future.
The Russian government is giving state-controlled banking major VTB 200 billion rubles ($5.54 billion) in extra capital, a banking source said on Wednesday, as the squeeze continued on lenders around the globe.
Why can't the banks trust each other? I mean, they can pay back their money, can't they? Don't they just make more?
Russia has halted a plan to retaliate against a proposed U.S. missile defense shield by stationing its own missiles near Europe's borders, a Russian news agency quoted the military as saying on Wednesday.
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