WASHINGTON - US REGULATORS are working with the top 19 banks on Tuesday to put the final touches on the results of regulatory stress tests, which are expected to reveal about half the banks need more capital but face manageable losses.
WASHINGTON - THE US economy will begin to turn up later this year provided the financial sector continues to mend, although unemployment will remain high for a while, Federal Reserve Chairman Ben Bernanke said on Tuesday.
In testimony prepared for delivery to a congressional committee, Mr Bernanke sounded more confident that a recovery was at hand than he had in recent weeks.
LONDON - THE Spanish-owned operator of Britain's airports said on Tuesday passenger numbers fell 10 per cent in the first three months of the year as the economic slowdown took its toll on travel plans.
NEW YORK - US STOCKS opened mixed on Tuesday amid market fears over reports that nearly half of US banks that underwent stress tests were facing capital constraints.
