UNITED STATES

China's Wen urges global action to calm markets

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China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks stumbled on fears that the world economy is headed for a downturn.

Wall Street up in volatile trade

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Stocks rose more than 1 percent on Tuesday after the previous session's nosedive, but markets could reverse if investors are not convinced the Federal Reserve has a plan to combat the meltdown linked to fears of a new recession.
Syria's President Bashar al-Assad meets with Turkish Foreign Minister Ahmet Davutoglu in Damascus

Turkey Running Out of Patience With Assad

The foreign minister of Turkey Ahmet Davutoglu has arrived in Syria to convince President Bashar al-Assad to halt his regime?s brutal crackdown against anti-government protesters.
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Gold and platinum Visa cards are displayed in New York

Visa to speed up migration to mobile wallet

Visa Inc said it would accelerate the move to chip technology and speed up the use of mobile payments in the United States, as the world's largest payment processor tries to corner a share in the nascent smartphone payments market.
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Stock futures point to higher open

Stock index futures pointed to a gain of about 1 percent at the open on Tuesday in a rebound from the previous session's nosedive, but an upcoming Fed statement could spark a reversal if investors are not convinced it has a plan to combat a market meltdown.
Argentina's del Potro hits return to Finland's Nieminen at the Rogers Cup tennis tournament in Montreal

Del Potro issues Grand Slam warning at Rogers Cup

Juan Martin Del Potro stormed to a 6-4 6-0 first round win over Finland's Jarkko Nieminen at the Rogers Cup Monday, the Argentine continuing his impressive comeback with the U.S. Open on the horizon.
A trader working in the crude oil and natural gas options pits on the floor of the New York Mercantile Exchange in New York

After U.S. Downgrade, Who?s Next?

Following a surprise U.S. debt rating downgrade by S&P?s last Friday, now attention turns to other AAA-rated countries, which are at the risk of similar downgrade.
At Issue: U.S. Debt and the Markets

Amid Market, Economic Uncertainty, Investors Flock to U.S. Bonds

With U.S. and global stock markets reeling, investors have sought a traditional safe-haven, but it?s one that may surprise some: U.S. Government bonds. How is it possible that investors would want the debt of the nation they believe has a national debt that's too high?
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Stock futures rebound from plunge, Fed statement due

Stock index futures surged on Tuesday, indicating a rebound from the previous session's nosedive as investors looked to a Federal Reserve statement for clues on how it may combat a market meltdown linked to fears of a new recession.
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Factbox: How Canada tamed its budget deficit

Canada took a decade to win back its prized AAA rating after debt downgrades in the early 1990s that were prompted by concern that its budget deficit was billowing out of control.
The Dow Jones industrial average lost 634.76 points, or 5.55 percent, to end at 10,809.85

Stock futures rebound from plunge, all eyes on Fed

Stock index futures rose on Tuesday, indicating a partial rebound from the previous session's nosedive, as investors looked to a Federal Reserve statement for clues on how it may combat the growing perception the nation was headed for recession.
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Futures signal another slide on Wall Street

Stock index futures pointed to further steep losses for equities on Tuesday, after the previous session's plunge, as investors worry the world's largest economy could fall back into recession.

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