Reuters - Stocks rallied sharply on Tuesday as investors scooped up recently beaten-down shares, while sentiment grew that the U.S. Federal Reserve will cut interest rates.
AFP - Europe's new trade chief warned governments on Tuesday against resorting to protectionism in the face of the current financial crisis which she said would only delay economic recovery.
AFP - The FTSE 100 rebounded on Tuesday on the back of speculation of an American interest rate cut and strong profits announced by oil giant BP.
Reuters - Stocks rose on Tuesday as investors followed Asian and European markets higher, buying shares beaten down in recent sessions and putting aside concerns about a plunge in consumer confidence.
AFP - Lithuania's Conservative leader, Andrius Kubilius, was on Tuesday tasked with creating a coalition to replace the defeated Social Democrats and tackle the ex-Soviet EU nation's looming economic crisis.
AP - Crisis-hit Iceland raised its key interest rate by a massive 6 percentage points on Tuesday, carrying out a rapid policy U-turn to meet the requirements of a $2 billion rescue loan from the International Monetary Fund.
AP - British Prime Minister Gordon Brown called on China and oil-rich Gulf states to bolster an enhanced IMF bailout fund for countries rocked by the global economic downturn, saying Tuesday those with the greatest surpluses should do more.
AP - European stock markets opened higher Tuesday after Japan's Nikkei index recovered from 26-year lows, with Germany's DAX further boosted by another steep rise in the value of Volkswagen AG shares.
AP - Iceland's prime minister says his country needs about $6 billion in loans to recover from the financial meltdown.
AFP - London's FTSE 100 index of top shares rose 0.73 percent in opening trading on Tuesday, after earlier gains in Asia, but investors remained on edge about a looming global recession, dealers said.
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