REYKJAVIK/LONDON (Reuters) - Iceland said Russia had offered it an emergency loan of four billion euros on Tuesday and Britain considered injecting capital into its banks to rescue victims of the global financial crisis.
SYDNEY/SINGAPORE (Reuters) - Australia stunned markets with its steepest interest cut in 16 years on Tuesday and investors expected that other central banks would follow suit in a coordinated move to combat the global credit crisis.
LONDON (Reuters) - The British government held talks with major banks on Monday evening at which the possibility of an injection of public money was discussed, according to a source familiar with the talks.
LONDON (Reuters) - Influential investor Bill Gross called on Tuesday for the Federal Reserve to cut interest rates to 1 percent from the current 2 percent because of sharp falls in asset prices globally.
LONDON (Reuters) - World stocks fell again on Tuesday and sterling hit a 2-1/2 year low after talk of government funding hit UK banks, erasing gains in the benchmark index made after Australia's surprisingly large interest rate cut.
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