World markets rally as US goes to the polls (AP)

AP - European markets moved higher Tuesday on expectations Wall Street will enjoy an election day rally and ahead of Thursday's interest rate decisions from the European Central Bank and the Bank of England.

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EU nations clear emergency rescue loan for Hungary (AP)

AP - EU governments on Tuesday cleared a 6.5 billion euro ($8.3 billion) loan for Hungary, part of an international package to rescue the country's economy in the wake of the financial crisis.

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Not so fast, EU ministers tell France (AP)

AP - EU finance ministers told France on Tuesday that it was going too fast, too soon with plans to push for concrete global financial reforms at a Washington summit next week.

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Australia cuts rates, EU presses for reform (Reuters)

Reuters - Australia cut interest rates sharply on Tuesday, presaging expected reductions in Europe later this week, and EU leaders pressed for an overhaul of global market rules.