Treasury Secretary Henry Paulson said on Tuesday financial markets will remain under stress until the U.S. housing market's slide ends and called the health of mortgage finance enterprises vital to the recovery of the U.S. economy.

Hungary signed three loan contracts worth a combined €440 million with the European Investment Bank (EIB) in Luxembourg on Tuesday, Finance Minister János Veres announced.

Aug. 4 (Bloomberg) -- U.S. stock-index futures fell, following declines in Europe and Asia, as investors speculated a report today may show consumer spending slowed and HSBC Holdings Plc said it set aside more money for bad loans in America.

Commerzbank outlined its plans to cut 9,000 jobs and shrink investment bank Dresdner Kleinwort to a rump after buying Dresdner Bank, but investors were unhappy about the $14.5 billion deal.

Babson Capital Management LLC , an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C., today announced that Robert Little, CFA, CRI, will assume leadership of the firm's Real Estate Finance Group at the end of the year