IBT Staff Reporter

60931-60960 (out of 154942)

China's Wen urges global action to calm markets

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

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.

China's July output cools while inflation stays hot

China's industrial output grew at a slower pace in July while inflation unexpectedly quickened, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.

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.

AOL sales beat estimates on strong ad sales

AOL's quarterly revenue beat market estimates, helped by strong advertising sales as the company works on reducing its dependence on lucrative dollars from its dial up division.

Japan on watch as yen rises, stocks plunge

Japanese policymakers voiced growing alarm on Tuesday as the yen scaled highs seen before last week's intervention and global stock markets crumbled under mounting fears of a new financial crisis.

Market rout deepens global economic crisis

The global economy stumbled deeper into crisis as stock markets slumped further on Tuesday, with investors losing confidence that the United States and Europe can rein in their debt burdens quickly and avert a double-dip recession.

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.

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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