HONG KONG (Reuters) - Asian stocks tumbled after a devastating day on Wall Street and Hong Kong became the latest economy to slash interest rates as pressure grew for a coordinated, global response to the biggest financial crisis since the Great Depression.
LONDON (Reuters) - Prime Minister Gordon Brown will say bold and far-reaching action is needed to tackle the global financial crisis when Britain unveils a multi-billion pound bank rescue package Wednesday.
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.
NEW YORK (Reuters) - Aluminum producer Alcoa Inc said it was halting major capital projects in the face of uncertain markets, after it posted a lower-than-expected quarterly profit on softer demand in key sectors like the aerospace and auto industries.
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