US central bank in $25bn auction

Fed loans $75bn to finance firms
The US central bank auctions $75bn in loans to finance firms to boost their access to credit.

House auctions at three-year low
The number of properties sold at auction hit a three-year low in the last months of 2007, figures show.

Ukraine set for $16.5bn IMF loan
The International Monetary Fund agrees to offer a $16.5bn loan to Ukraine, hard-hit by fears over the global credit crisis.

Macau sees gambling revenue drop
The credit crisis and slowing economies lead to a 10% drop in Macau's gaming revenues, according to a Macau gaming body.

US to host global finance summit
President Bush meets France's leader and the head of the European Commission to plan a summit on the global credit crisis.