economy

On Thursday morning, the average cost of a gallon of regular unleaded gasoline in the region crept to a record $3.67 a gallon, global food prices continued to soar and a Gallup poll showed that 86 percent of Americans believe the economy is getting worse. Yet Cheney said Americans should be “confident of the road […]

Fourth-largest US bank resorts to emergency fundraising
America’s fourth-largest bank, Wachovia, is raising $7bn (£3.52bn) through emergency fundraising as the subprime mortgage crisis in the US continues to reverberate through the banking sector.