UK treasury minister: bank loan secrecy was vital - AP - 3 minutes ago
Britain's treasury minister has defended the secrecy surrounding the Bank of England's decision to loan 61.6 billion pounds to save two banks from collapse last year.

Germany extends short-work program - AP - 10 minutes ago
Germany on Wednesday extended until the end of 2010 a government program that allows companies to put workers on shorter work hours in an effort to avoid layoffs -- an arrangement credited with keeping down unemployment over recent months.

Indonesian leader defends $715 mln bank bailout - AP - 12 minutes ago
Indonesia's vice president has defended a $715 million bank bailout as having been vital to protecting the financial system amid the global economic crisis.

UK economic contraction in Q3 revised down - AP - 17 minutes ago
The British economy shrank less than previously estimated in the third quarter, suggesting that the grip of the worst recession in decades is finally easing, according to official figures released on Wednesday.

Poland's jobless rate rises to 11.1 percent - AP - 29 minutes ago
Poland's unemployment rate edged up to 11.1 percent in October from 10.9 percent the previous month, official data showed Wednesday, suggesting the labor market is still weak despite a stabilization in economic activity.

Porsche revenue down 12 percent in 2008-9 - AP - 33 minutes ago
Porsche said Wednesday that its revenue declined by 12 percent in the past financial year as the economic crisis hit the car market, but said it expects improving sales in the current year.

Vietnam devalues its currency by over 5 percent - AP - 34 minutes ago
Vietnam announced a 5 percent devaluation of its tightly controlled currency Wednesday, succumbing to pressure for a weaker dong as foreign reserves dwindle.