FRANKFURT, April 2, 2008 (AFP) - European Central Bank governor Axel Weber warned on Wednesday that further financial turbulence is likely, in remarks to a newspaper after banking stocks jumped on hopes the sector could be turning the corner.

WASHINGTON, April 1, 2008 (AFP) - The US Federal Reserve on Tuesday said it has approved JPMorgan Chase's proposed takeover of Bear Stearns, two weeks after it was announced, explaining the exceptionally short delay was due to the 'emergency' of the situation.

JERUSALEM, April 1, 2008 (AFP) - Bank of Israel Governor Stanley Fischer said on Tuesday he expected economic growth to slow this year as a result of the global financial crisis.

PARIS, April 1, 2008 (AFP) - The eurozone economy may be slowing down but it faces no risk of recession at the moment, unlike the the situation in the United States, French central bank head Christian Noyer said on Tuesday.

WASHINGTON, March 31, 2008 (AFP) - A proposal Monday for the most sweeping overhaul of financial market regulation since the New Deal evoked a range of reaction from praise to outright skepticism.

WASHINGTON, March 31, 2008 (AFP) - Here are the main points of US President George W. Bush's broad plan to overhaul financial market regulation, unveiled by Treasury Secretary Henry Paulson on Monday:

-- modernize the president's working group on financial markets, to include issues related to the financial sector such as consumer and investor protection and systemic risks.

WASHINGTON, March 31, 2008 (AFP) - US officials Monday proposed a broad overhaul of financial market regulation in an effort to restore confidence in a system reeling from the subprime mortgage mayhem.

WASHINGTON, March 31, 2008 (AFP) - US officials Monday proposed a broad overhaul of financial market regulation in an effort to restore confidence after the subprime mortgage crisis that ravaged the global financial system.

BUDAPEST, March 31, 2008 (AFP) - The Hungarian central bank raised its key interest rates for the first time since 2006 on Monday, insisting the widely anticipated move was primarily due to inflationary risks rather than linked to the government's current political woes.

WASHINGTON, March 31, 2008 (AFP) - US officials Monday proposed a broad overhaul of financial market regulation in an effort to restore confidence after the subprime mortgage crisis that ravaged the global financial system.