Alistair Darling

On December 10, UK Chancellor of the Exchequer (the equivalent of finance minister) Alistair Darling presented his "Pre-Budget Report." Normally this…

The government is ready to bring in laws to curb the sort of big bankers' bonuses that helped trigger the global financial crisis, Chancellor of the…

British Prime Minister Gordon Brown began a shakeup of his ministerial team Friday, as he attempted to recover from a scandal over lawmakers'…

SHARESTEL AVIVThe TA-25 Index climbed for the first time in four days, increasing 10.51, or 1.4 percent, to 762.14 at the close in Tel Aviv.…

Chancellor of the Exchequer Alistair Darling on Wednesday told Parliament the UK is on the path to national bankruptcy. Largely as a result of…

Finance officials from rich and developing countries pledged to boost the role of the International Monetary Fund and make a "sustained effort" to…

European Union finance ministers agreed Tuesday to urge governments to double the International Monetary Fund's resources to $500 billion and give it…

Britain announced a second rescue plan for the country's ailing banks on Monday, hoping to thaw frozen lending by offering to insure banks against…

PRINCETON, New Jersey - Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial…

Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in…

The British government announced a 50 billion pounds (US$87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking…

The British government announced plans on Wednesday to partially nationalize major banks, with taxpayers taking a share stake in a bid to restore…

Japan's stock market plummeted 9.4 percent Wednesday - its biggest one-day drop in 21 years - as investors rushed for the exits on deepening fears…

Asian stock markets plunged Monday as investors took scant comfort from Washington's passage of a US$700 billion bank bailout and focused instead on…

The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank's 50 billion…

Fifteen months into the global financial crisis, the slogan coined here last August remains as valid as ever: IKGW - It Keeps Getting Worse. But that…

US Treasury Secretary Henry Paulson says rising oil prices are likely to prolong the world economic slowdown. Paulson says there will be no quick…

Britons are up in arms about the imposition of "sin taxes" that will increase the cost of alcohol, cigarettes, gas-guzzling cars and, potentially,…

SHARESTEL AVIVThe Tel Aviv-25 Index gained the most in a month, rising 15.14, or 1.5 percent, to 1,062.29 at the close in Tel Aviv, as 17 members…

Northern Rock may remain under government control for years to come after Prime Minister Gordon Brown opted to nationalize the first bank to suffer a…