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U.S. markets recover from steep losses

MOSCOW, Oct. 3 (UPI) -- Russia's State Duma approved legislation Friday that would allow the county's central bank to extend unsecured loans to qualified banks.
The loans were available for up to six months, RIA Novosti news service reported.
The new measures are meant to supply liquidity to Russia's banks during the financial crisis that has reverberated throughout global markets. Russia's Central Bank will set terms and conditions for the loans, RIA Novosti reported.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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WASHINGTON, May 24 (UPI) --
Australia is seeking to upgrade its F/A-18F fighter aircraft to the "G" configuration, the U.S. Defense Security Cooperation Agency said.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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