U.S. President Barack Obama denied rifts between the world's leading economies on the eve of a crisis summit and urged them on Wednesday to act together to find the fastest route out of global recession.
European car markets reported tentative shoots of recovery on Wednesday but Honda moved to further cut U.S. output as General Motors Corp faced a rising bankruptcy risk and Chrysler raced to secure its survival.
Russia and the United States will pursue a new deal to cut nuclear warheads, presidents Dmitry Medvedev and Barack Obama said on Wednesday, making good on a pledge to rebuild relations from a post-Cold War low.
U.S. President Barack Obama said on Wednesday there was enormous consensus between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
Taliban insurgents rejected on Wednesday a U.S. offer of honorable reconciliation as a lunatic idea and said the withdrawal of foreign troops was the only way to end the war in Afghanistan.
World stocks kicked off a new quarter Wednesday with strong gains in Japan and losses in Europe after registering their best monthly performance since December 1999.
The European Union's executive arm welcomed on Wednesday a new U.S. plan on cutting greenhouse gas emissions, saying the proposal would facilitate a global deal late this year on fighting climate change.
Activist investors are looking to block the re-election of American International Group Inc director James Orr, chairman of the insurer's board's compensation committee, the Wall Street Journal said.
Fiat SpA's CEO was set for talks with Chrysler LLC labor unions and creditors in Detroit after U.S. authorities gave the carmakers 30 days to set up a partnership to save the ailing U.S. group.
General Motors warned on Tuesday there was a rising chance it could file for bankruptcy by June as Fiat and Chrysler executives met in a race to complete a tie-up the U.S. government has said Chrysler needs to survive.
Democrats in the U.S. House of Representatives launched a sweeping effort on Tuesday to control greenhouse gas emissions and at the same time help industries that will struggle to meet the proposed environmental requirements.
Iran offered help in combating the Afghan drugs trade on Tuesday, in a gesture to a U.S. call for regional support in Afghanistan that Secretary of State Hillary Clinton described as promising.
President Barack Obama arrived in Europe on Tuesday with a hefty agenda for tackling the economic crisis and seeking support for his new Afghanistan strategy on a trip that will test his global leadership.
U.S. Treasury Secretary Timothy Geithner heads for a summit of world leaders this week having strengthened his president's hand by rolling out key pieces of a U.S. financial rescue plan.
The United States offered Taliban fighters who renounce violence in Afghanistan an honorable form of reconciliation on Tuesday as part of a revamped strategy to tackle a deepening insurgency.
Fiat's (FIA.MI: Quote, Profile, Research, Stock Buzz) chief executive has flown to Chrysler LLC's CBS.UL home town of Detroit to meet trade unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler.
U.S. Treasury Secretary Timothy Geithner heads for a summit of world leaders this week having strengthened his president's hand by rolling out key pieces of a U.S. financial rescue plan.
President Barack Obama headed to Europe on Tuesday with a hefty agenda for tackling the economic crisis and seeking support for his new Afghanistan strategy on a trip that will test his global leadership.
Fiat's chief executive has flown to Chrysler LLC's home town of Detroit to meet trade unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler.
The World Bank announced a $50 billion program on Tuesday to counter a decline in global trade and Britain called on G20 leaders to supply the oxygen of confidence to save the world economy from recession.
Some frustrated U.S. taxpayers cheered President Barack Obama's tough steps to shore up the reeling auto industry on Monday but critics called his decision to fire General Motors' chief a heavy-handed power grab.
Banks agree that compensation for top executives contributed to the financial crisis and are trying to realign pay based on performance and long-term shareholder interests, an international bank lobby group said on Monday.
