LONDON/HONG KONG (Reuters) - Britain announced plans to inject up to 50 billion pounds ($87.2 billion) in capital into its biggest retail banks on Wednesday and Hong Kong slashed interest rates to try to stem the global financial crisis.
SYDNEY (Reuters) - Central banks across Asia stepped up to offer more support to commercial banks on Wednesday, to try to ease painful pressure on funding costs from a vicious global credit squeeze.
(Reuters) - Citigroup Inc is looking for potential partners in its bid for Wachovia Corp , seeking to wrest the upper hand from Wachovia's other suitor Wells Fargo & Co , the Wall Street Journal said, citing people familiar with the matter.
TOKYO (Reuters) - The Nikkei average plunged 9.4 percent on Wednesday, its biggest one-day drop since the 1987 stock market crash, as fear spread of a global recession, fueled by expectations of a slide in profits at Toyota Motor Corp and a firmer yen.
SEOUL (Reuters) - South Korea's currency fell to its lowest level since the Asian financial crisis a decade ago on fears the region's fourth-largest economy could buckle in the turmoil tearing through global markets.
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