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| Impact of rescue legislation for U.S. housing |
| WASHINGTON (Reuters) - This week the U.S. Senate is expected to pass legislation to create a $300 billion government fund that would guarantee failing mortgages before they hit foreclosure. |
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CORRECTED - FACTBOX-Write-downs and losses at major global banks
Research ) on Thursday posted a quarterly loss of $2 billion and said it planned to cut 2,900 jobs after recording more than $9.5 billion in write-downs and losses on subprime mortgages and other r...
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Gold edges down in Asia as oil in correction mode
TOKYO (Reuters) - Gold edged down on Friday, taking a cue from oil's consolidation since hitting a record high earlier this week, while the dollar fell only slightly against the yen after Japan's grow...