(Reuters) - General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions.
HONG KONG (Reuters) - Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years.
ZURICH (Reuters) - Swiss bank Credit Suisse said on Thursday it had a net loss of about 3 billion Swiss franc ($2.5 billion) at the end of November and it was shedding another 5,300 jobs, mainly in investment banking.
SINGAPORE (Reuters) - Oil fell below $46 a barrel to near four-year lows on Thursday, extending four consecutive days of falls as continued demand worries minimized bullish draws in U.S. oil stocks.
TOKYO/ BEIJING (Reuters) - Central banks in Europe are poised to slash interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policy makers in the industrialized countries had anticipated.
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