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(AFX UK Focus) 2008-11-10 15:34 FACTBOX-Financial rescue plans by G7 and other countries (Interactive Investor) Nov 10 (Reuters) - Governments around the world are announcing rescue plans to support banks and unfreeze credit markets. Over $5 trillion has been committed to bailing out the financial sector, while regulatory reforms loom and signs of a worldwide recession mount.. Below are details of plans announced by governments (in alphabetical order):
Granholm: Detroit 3 need federal help, and fast (Lansing State Journal) As part of a massive overhaul of the fuel efficiency regulations, the federal government agreed to provide guaranteed, low-interest loans of up to $25 billion to the domestic automotive companies. These funds, which must be paid back with interest, will help General Motors, Chrysler and Ford retool and modernize manufacturing facilities and operations to meet the higher fuel economy standards ...