Ben S. Bernanke said the Fed would issue new lending rules and may extend its temporary financial lifeline to major Wall Street firms.

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Analysts said it was too soon to predict an outright collapse in prices, and some were puzzled by the drop.

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Wall Street posted big gains as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system.

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NICOLE Kidman and Keith Urban have reportedly taken newborn daughter Sunday Rose home, just a day after she was born. Read more...

TWO people were killed and three injured when a World Wildlife Fund (WWF) vehicle was attacked in Virunga National Park in the Democratic Republic of Congo (DRC), local radio reported today. Read more...

A LEADING US Senate Democrat accused the Bush administration today of a "cover-up" aimed at stopping the Environmental Protection Agency from tackling greenhouse emissions. Read more...

G8 leaders say they will seek targeted sanctions against members of Zimbabwe's government. Read more...

Russia says it will be forced to react with military means if US-Czech missile defence shield plans go ahead. Read more...

Iran's President Mahmoud Ahmadinejad says he sees no possibility of a war between Iran and the US or Israel. Read more...