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Paulson: US economy needs more than TARP

The US Treasury Secretary says the TARP should not be seen as a stimulus package to kick start the US economy Henry Paulson, the US Treasury Secretary, told lawmakers in Washington that his $700 billion bail-out fund should not...

Washington debates bailout as IMF sees real crisis

WASHINGTON (Reuters) - The U.S. Treasury defended its handling of the financial bailout on Tuesday as American auto and banking woes reverberated around the globe and the International Monetary Fund said it would need rapidly...

Football: Fraizer Campbell pushes his way into Stuart Pearce's planning

The preparations for next summer's European Championships started last night, according to Stuart Pearce, and this was a performance that suggested everything is going to plan. Having used the occasion as an opportunity to...

Football: Walcott out of England squad after dioslocating his shoulder

youngster was taken to hospital where the shoulder was put back into place. A decision will be taken in the morning over when Walcott will return to England. While the injury is a blow to Capello, robbing him of one of the few...

Paulson considering home loan aid

By Krishna Guha in Washington The Bush administration has not ruled out using money from a $700bn bail-out fund to back home loan modifications, Hank Paulson said on Tuesday. The US Treasury secretary came under intense...

Kevin McCarra: For Fabio Capello this is not just a run-out for understudies

Tonight's game will have no enduring relevance, but it could go down as the match that made Fabio Capello vacillate. At the weekend, he was off-hand about the meeting with Germany. "I think this will be a friendly game," he...

Wall St falls despite rare upbeat earnings

By Alistair Gray in New York Wall Street stocks were heading for a five-year low in volatile trading in mid-afternoon trading as concerns over deepening economic woes offset rare upbeat earnings in the technology sector....

Overview: Hewlett-Packard lifts mood in Europe and US

US and European equity markets rallied on Tuesday after Wall Street slipped briefly to fresh 5½-year lows. In volatile stock market trading, investors’ fears that the global economic downturn would be deep and prolonged weighed...

You can be real shiners

BOYS BRIGADE . . . rookie Mancienne in training before Walcott (left) is injured JOHN TERRY will tell England’s back-up boys tonight: This is your big chance . . . don’t blow it. Capello made it clear after the 3-1 World Cup...

England manager drops hint at long-term plans

Martin Johnson's strategy for the autumn internationals became even more transparent yesterday. He has turned his back on any mix-and-match policy, limited though he is to selection from a squad of 32, and will give a third...

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