The euro fell, halting a three-day gain against the yen, after the Nikkei newspaper reported that Russian banks and businesses may ask foreign lenders to reschedule loans worth $400 billion. The yen gained for a second day... [full story]

General Motors Corp. and Chrysler LLC may have to be forced into bankruptcy by the U.S. government to assure repayment of $17.4 billion in federal bailout loans, a course of action the automakers claim would destroy them. U.S.... [full story]

Reporting from Atlanta and Las Vegas -- They have plundered reserves, enacted hiring freezes and engaged in all manner of budgetary voodoo to shield us from the pain. But now state governments -- reeling from a historic... [full story]

NIAGARA FALLS/TORONTO — More Ontarians who lose their jobs could become eligible for social assistance as part of a review of restrictive rules that keep all but the most destitute off the province's welfare rolls. As... [full story]

Britain is now officially in recession, and its towns and cities are feeling the effect. Once-booming Peterborough, a cathedral city in the East Midlands, is seeing jobs evaporate, and pubs and shops are closing down. Britain... [full story]

AFP - Germany's economy minister, an ally of Chancellor Angela Merkel, has submitted his resignation, officials said Saturday, seven months ahead of elections and with Europe's biggest economy in recession.     Michael... [full story]

Gold proves itself as only true alternative for the dollar Confidence in currencies shaken to the core Gulf countries are keen to break away from the link with the US dollar Chinese appetite for US debt... [full story]

  INTERNATIONAL. Gold prices may hit US$1,500 an ounce in the next 12 to 15 months, Gary Dugan, the Chief Investment Officer (CIO) of Merrill Lynch, said yesterday. Dugan termed his apprehensions of gold striking such... [full story]

NEW YORK (CNNMoney.com) -- This much we know -- the Obama administration wants to set aside between $50 billion and $100 billion to address the foreclosure crisis. But how exactly officials plan to address this bear of a... [full story]

NEW YORK (CNNMoney.com) -- Real estate values around the nation have collapsed, and sales of foreclosed and "underwater" homes now dominate many housing markets, according to a report released Tuesday. The report,... [full story]