Draft: Europe would guarantee inter-bank loans (AP)

A draft declaration by euro-zone leaders says their governments plan to temporarily guarantee future loans among private banks to unlock frozen credit markets.

Amid the meltdown, economics Nobel no easy pick (AP)

If history is any guide, this year's Nobel economics prize will award the developers of economic theories that have had the time to take root, grow and prove resilient.

China looking inward as foreign economies slow (AP)

China's ruling Communist Party on Sunday said it would seek to expand its massive internal market to counter the global economic slowdown that has reduced international demand for Chinese goods.

Leader hopeful on coordinated Euro crisis response (AP)

President Nicolas Sarkozy said he expects a meeting of 15 European leaders Sunday to produce an ambitious, coordinated plan to battle the effects of the global financial crisis.

Paulson: Protectionist policies won't solve crisis (AP)

Appealing for global unity in a time of crisis, Treasury Secretary Henry Paulson said Sunday that isolationism and protectionism do not offer a way to contain the spreading damage.