AP - Eight Eastern European nations want the EU to ease targets for greenhouse-gas cuts because of the global economic crisis. Read more…

AP - British Prime Minister Gordon Brown is calling for global talks this year to reform the world's financial system. Read more…

AP - Iceland's central bank slashed official interest rates by 3.5 percentage points on Wednesday as it warned that the collapse of its banking system will lead to a "very sharp" contraction in the Nordic nation's economy. Read more…

Reuters - JPMorgan Chase & Co's third-quarter profit fell 84 percent, due to mark-downs on underperforming loans in its leveraged lending and mortgage-related portfolios, the bank said on Wednesday. Read more…

AP - JPMorgan Chase & Co. says its profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans. Read more…

Reuters - European leaders pressed on Wednesday for an overhaul of global financial structures after Asia joined western bastions of capitalism in bailing out banks to avert financial meltdown and tackle looming recession. Read more…

AP - British Prime Minister Gordon Brown is urging his EU counterparts to support calls for overhauling the International Monetary Fund in the wake of the global financial crisis. Read more…

AP - Asian and European stock markets declined Wednesday after a two-day rally, tracking Wall Street lower amid concerns that worldwide efforts to revive the financial system won't be enough to stave off a recession. Read more…

AP - Ukrainian authorities have asked the International Monetary Fund for help in stemming a financial crisis in the country, the organization said Wednesday. Read more…

AFP - London shares slipped 0.19 pecent to 4,385.79 points at the start of trading on Wednesday on uncertainty over the world economy despite massive government efforts to restore confidence in the financial system. Read more…

Reuters - European leaders will press on Wednesday for an overhaul of the world's financial structures after Asia joined western bastions of capitalism in bailing out banks to avert a financial meltdown. Read more…

AP - In the midst of historic volatility on Wall Street there is a continuing trend of blacks saving and investing less than whites, according to a survey released Wednesday. The difference is attributed to various social and cultural reasons such as getting less exposure to personal finance concepts and advice. Read more…

AFP - EU leaders will try to show at a crunch summit starting Wednesday that they have finally brought the financial crisis under control, eager to revive flagging confidence in shell-shocked banks. Read more…

AFP - US authorities have unveiled plans to inject billions of dollars into banks to ease a global credit crisis, as European economies showed signs of recession and a powerful global stock rally stalled. Read more…

AP - The Bush administration's latest effort to resolve the financial crisis embraces an approach it had resisted just a few weeks ago. Read more…

AP - While the world's economic giants may have averted financial collapse through rescue plans and huge infusions of cash, some smaller countries like Ukraine seem to have stumbled with little help on the horizon. Read more…

AP - Environment ministers agreed Tuesday that the world financial crisis must not halt efforts to combat global warming, the top United Nations climate official said. Read more…

AFP - The FTSE 100 index of shares closed with solid gains for a second straight day Tuesday on sustained investor confidence in government efforts to snuff out a global credit crisis. Read more…

AFP - Prime Minister Gordon Brown said on Tuesday that the next few days would be "crucial" in tackling the global financial crisis, as the European Union (EU) prepared for a crunch summit. Read more…

AFP - The United States is to inject up to 250 billion dollars in capital into banks on Tuesday in the latest bid to end the financial crisis, officials said Tuesday as forecasters warned two key European economies risked recession. Read more…

AP - A group of leading German economic think tanks said Tuesday that Europe's largest economy is on the "brink of a recession" and have scaled back their 2009 growth prognosis to 0.2 percent. Read more…

AFP - The London stock market rallied 2.65 percent to 4,369.55 points in initial trading on Tuesday as investors continued to cheer global government action aimed at rescuing banks crippled by the credit crunch. Read more…

AP - Banco Santander of Spain said Monday it would buy the other three-quarters stake in Sovereign Bancorp that it doesn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of soured mortgage-related debt. Read more…

Reuters - Spain's Banco Santander SA, the largest euro zone bank, (SANB4.SA) said on Monday it will buy U.S.-based savings and loan Sovereign Bancorp Inc in a stock-for-stock transaction worth $1.9 billion. Read more…

AP - A top official of the Vatican bank has offered assurances that its deposits are safe from the world financial meltdown, an Italian Catholic magazine said Monday. Read more…