U.S. stocks bounce back as bargain-hunters step in

Date: Tue, 30 Sep 2008 12:02:56 -0400
U.S. stocks bounce back as bargain-hunters step in

U.S. stocks climbed Tuesday in a partial bounce back from the prior
session's record rout amid cautious optimism that a rescue plan rejected
by the U.S. House of Representatives would be revived.

Currencies: Dollar surges vs. rivals on rescue-plan hopes

The U.S. dollar rallies against most major currencies, as mounting woes
in the European banking sector batter the euro, while the greenback is
boosted by hopes that the proposed $700 billion rescue package for the
U.S. financial sector may be passed soon in some form.

Congress mulls options for rescue plan; Bush urges passage

Saying this is a 'very critical moment for the economy,' President Bush
makes a fresh push for Congress to act quickly on legislation to save
the financial system, one day after the House's surprise rejection of
the $700 billion package.

Asia Markets: Stocks end mixed amid bailout review hopes

Asian markets pare steep losses Tuesday on hopes that U.S. lawmakers
will reconsider a $700 billion financial-sector bailout they rejected
overnight.

Ireland takes steps to safeguard banking system

The Irish government on Tuesday says it will guarantee domestic banks'
deposits and debt for two years in an effort to allay fears of an
imminent collapse after shares in the sector lost more than a quarter of
their value in Dublin Monday.