bailout fund

Near-bankrupt Alitalia gets lifeline from investors

Alitalia, an almost bankrupt Italian firm, had received a lifeline last Friday after the company's board approved a capital increase, reported Reuters.

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Renesas gets bailout from government and customers

On Monday, Renesas Electronics Corp received bailout funding from a government-led fund and its major customers.

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Canada sells portion of its GM stake

The Canadian government announced last Tuesday that it would sell 30 million General Motors common shares.

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Greek PM says economic pain will ease next year

Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.

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Eur60 Billion Euro Zone Bailout Fund to Save Banks

Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.

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