Irish bailout

Irish Bailout Instills Confidence in Japanese Investors

The ripple effect of Ireland's acceptance of an international bailout to the tune of some $130 billion was felt in Asia, where it gave investors confidence that the European financial situation will stabilize.

Dow Dives 178 Points on Fears China May Hike Rates

The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.