updated 10:20 am EST

World stock markets soar after last week's rout

Global stock markets rebounded strongly on Monday after last week's historic sell-off as governments from Europe to Australia and the U.S. intensified efforts to ease a financial crisis that threatened to the throw the world into recession.

INDUSTRIES

British banks to get cash infusion from government

The government will help out three of Britain's largest banks but it demanded the departure of top executives.(8:45 AM EST)

INDUSTRIES

HK legislators criticize regulators over bonds

Legislators say regulators failed to monitor banks that sold billions of dollars worth of Lehman Brothers-backed bonds.(8:35 AM EST)

POLITICS & POLICY

Oil rebounds in Asia on Europe bank rescue plan

Oil prices rebounded from a 13-month low to rise above $81 a barrel Monday in Asia amid hope of economic stability.(Oct 13)

POLITICS & POLICY

Is the era of easy credit over for the long haul?

There are growing signs that rough times could prove to be more than just a temporary problem.(Oct 13)

POLITICS & POLICY

Euro nations to guarantee bank refinancing

Nations in Europe's single-currency zone agreed Sunday to temporarily guarantee bank refinancing.(Oct 12)

IBT Features

Investors face more uncertainty as bailout widens

AP File Photo

US moves to get $700B bank rescue effort started

With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running, as Europe's central banks began Monday to take unified actions aimed at easing the credit crisis. Full Story