AP - Asian stock markets tumbled Friday after President Barack Obama proposed a sweeping overhaul of Wall Street banks to avert future financial crises. European shares opened modestly lower.

Reuters - Stock index futures indicated that Wall Street may open higher on Friday, regaining a little of the ground lost in the previous session, when they fell heavily after President Barack Obama outlined plans for tougher banking regulations.

AFP - Global stocks mostly recovered from a sharp setback on Thursday but mounting worries over China's economy and huge national debts in Europe sent shivers through the oil market and the euro, traders said.

AP - European and U.S. stock markets fell sharply for the second day running Thursday amid ongoing fears about tighter monetary policy in China and uncertainty over President Barack Obama's plans to rein in risky bank activities.

AFP - Stocks got some much-needed support Thursday from unexpectedly high earnings at US banking giant Goldman Sachs despite market jitters over China's economy and huge national debts in Europe.

AFP - The FTSE 100 plunged at the close on Thursday, on fears about the effects of increased regulation on the banking sector.

AP - Financial shares pulled the stock market lower Thursday as President Barack Obama proposed rules that would limit the types of trading banks can do with their money.

Reuters - U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.

AFP - Another member of a group of 18 alleged Islamic extremists was sentenced to seven and a half years in prison after he pleaded guilty Wednesday to plotting to bomb Canada's main bourse and other targets.

Reuters - The Dow suffered its worst drop of 2010 on Wednesday as U.S. stocks succumbed to fears that China's curbs on bank lending might jeopardize the global economic recovery, while IBM's outlook sparked caution about the technology sector.