WASHINGTON, March 31, 2008 (AFP) - US Treasury Secretary Henry Paulson on Monday was to unveil a plan to beef up the Federal Reserve, in the latest US bid to calm economic turmoil stirred up by the 'subprime' lending crisis.

LONDON, March 31, 2008 (AFP) - Britain and the US are finalising plans to create a working group that will put together proposals to better monitor and regulate the financial system, the Financial Times reported Monday.

WASHINGTON, March 30, 2008 (AFP) - Treasury Secretary Henry Paulson on Monday was to unveil a plan to beef up the Federal Reserve, in the latest US bid to calm economic turmoil stirred up by the 'subprime' lending crisis.

WASHINGTON, March 30, 2008 (AFP) - The US government is set Monday to propose sweeping new oversight powers to the Federal Reserve, including tighter surveillance of financial markets in a bid to avoid calamities like the current 'subprime' lending crisis.

WASHINGTON, March 29, 2008 (AFP) - President George W. Bush's administration will propose sweeping new oversight powers for the Federal Reserve in a bid to avoid calamities like the current subprime crisis, The New York Times reported Saturday.

MUNICH, Germany, March 28, 2008 (AFP) - Losses at Bavarian regional bank BayernLB stemming from the collapse of the US market for high-risk mortgages have been far higher than forecast, the state's premier said Friday.

SOFIA, March 28, 2008 (AFP) - Bulgaria's prime minister vowed Friday to block any misuse of EU subsidies and prosecute anyone involved in an interior ministry corruption scandal, ahead of a visit by the EU's top official.

LONDON, March 28, 2008 (AFP) - Finance minister Alistair Darling outlined plans on Friday to equip Britain's financial watchdog with powers to give individuals whistleblower protection in return for evidence in investigations.

FRANKFURT, March 27, 2008 (AFP) - Germany abandoned a showcase high-speed magnetic levitation train project on Thursday due to soaring costs, taking a major blow to its image as a technology and rail industry leader.

FRANKFURT, March 27, 2008 (AFP) - Germany abandoned a showcase high-speed levitation train project in Bavaria on Thursday owing to soaring costs in a blow to the country's image as a leader in technology and the rail industry.