The Dow Jones Industrial Average loses more than 500 points as U.S. markets
fall for fifth straight day, even as a small group of protesters continue to
rail against the U.S. administration's bailout package for ... more »
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Tuesday, October 7
American markets tumble for fifth straight day.
by
Mnet
on Tue 07 Oct 2008 10:50 PM BST
How the Fed's move effects Main St
by
Mnet
on Tue 07 Oct 2008 09:45 PM BST
The Federal Reserve's decision to buy commercial paper could help
businesses meet short term cash flow needs, but investors still remain skeptical. For the average American, the importance of the Fed's decision to start buying ... more »
No taboos, no scapegoats in market reform-Trichet.
by
Mnet
on Tue 07 Oct 2008 09:03 PM BST
The head of the European Central Bank, Jean-Claude Trichet, urges a
thorough reform of the global financial system, but warns that "scapegoats would make us blind." EVIAN, FRANCE (OCTOBER 7, 2008) REUTERS - The world ... more »
Merkel tells German parliament financial situation is serious
by
Mnet
on Tue 07 Oct 2008 09:00 PM BST
Germany's Merkel tells parliament financial market situation is
"serious" and unprecedented as countries around the world scrambled to slow the growing global financial crisis on Tuesday. BERLIN, GERMANY (OCTOBER 7, 2008) REUTERS - The situation ... more »
IMF calls for rapid, coordinated international response to financial crisis.
by
Mnet
on Tue 07 Oct 2008 08:57 PM BST
The International Monetary Fund is warning of a deeper slowdown in the
markets and calling for a more coordinated effort to stave off a global market meltdown. WASHINGTON D.C. UNITED STATES (OCTOBER 7, 2008) REUTERS ... more »
Act on depositors' and investors' guarantee fund: The new legislation in short
by
Mnet
on Tue 07 Oct 2008 07:13 PM BST
ICELAND -- (Marketwire) -- 10/07/08 --
In recent months, the world financial markets have been in a state of crisis mainly due to shortage of liquidity and limited supply of credit. Icelandic banks have been ... more »
Fuld takes full responsibility for the fall of Lehman brothers
by
Mnet
on Tue 07 Oct 2008 06:19 PM BST
Speaking before members of Congress, Richard Fuld, the disgraced
ex-Chairman of the now defunct Lehman Brothers, told lawmakers he takes full responsibility for poor decisions that contributed to the downfall of the powerful Wall Street ... more »
EU raises deposit guarantee level
by
Mnet
on Tue 07 Oct 2008 05:59 PM BST
EU finance ministers, seeking a confidence-booster as the global
financial crisis pounded Iceland and UK banks, agree a hike in minimum levels of bank deposit insurance across the 27 European Union countries. * Russia lends ... more »
Iceland battles economic crisis
by
Mnet
on Tue 07 Oct 2008 05:57 PM BST
Iceland takes over its second largest bank and props up its battered
currency, the crown, in the face of financial crisis that threatens to overwhelm the economy. Iceland said it was seeking a 4 billion ... more »
Floating church comforts stressed out London traders
by
Mnet
on Tue 07 Oct 2008 05:52 PM BST
Stressed bankers dealing with the global markets meltdown in London's
financial district of Canary Wharf seek solace in England's only floating church moored in the shadows of the banks' gleaming skyscrapers. (EU) LONDON, ENGLAND, UK ... more » |
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