LONDON/HONG KONG (Reuters) - Britain announced plans to inject up to 50 billion pounds ($87.2 billion) 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.
LONDON (Reuters) - Stock markets across the world plunged on Wednesday as concerns about the worst financial crisis in nearly 80 years and fears of a global recession gripped investors despite government efforts to intervene.
TOKYO (Reuters) - The Nikkei average plunged 9.4 percent on Wednesday, its biggest drop since the 1987 stock market crash, as growing fears of a global recession led investors to wipe $250 billion off the value of Tokyo shares.
Business 
