Teenage survivor clung to wreckage

The lone survivor of a Yemeni jetliner crash, who clung to wreckage for 13 hours before being rescued, lay in a hospital bed with a broken collarbone Wednesday, asking for little — except for a chance to see her mother. But relatives said…

China calls for ‘stable’ dollar

China, the largest holder of foreign currency reserves, reiterated its call for a stable dollar and a diversification of the international monetary system. “We hope that as the main reserve currency the exchange rate of the U.S. dollar…

IMF to issue debts for bail-outs

The International Monetary Fund approved plans on Wednesday to issue its own debt to strengthen its capacity to fund bail-outs. Meanwhile, the World Bank said it committed a record $59bn in loans and guarantees to developing countries in…

California declares fiscal emergency

California Gov. Arnold Schwarzenegger declared a fiscal emergency on Wednesday, forcing lawmakers to tackle a budget gap that has raised the prospect of drastic measures to keep the state working. Lawmakers debated late into the night…