Global Business & Emerging Markets

Fourth austerity package in seven months raises sales tax to 21% from 18%.

State-owned lender offers funds so Chinese companies can leave U.S. stock market.

The NY Fed made recommendations on Libor to British regulators in 2008.

The NY Fed made recommendations on Libor to British regulators in 2008.

Emergency loans could total $123 bln; governments aim for direct loans.

Emergency loans could total $123 bln; governments aim for direct loans.

Companies could shun syndicated loans, whose rates are typically pegged to Libor.

Companies could shun syndicated loans, whose rates are typically pegged to Libor.