Recession fears send world markets down
LONDON - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
Nations:Italy South Korea Australia Activities:Asian Markets European Markets Source:(AP)
2008-11-20
Recession fears deepen as Citigroup slashes 50,000 jobs
TOKYO (AFP) - Asian shares fell Tuesday on mounting fears of an extended global recession after US banking giant Citigroup announced 50,000 job cuts and carmakers on both sides of the Atlantic pleaded for help.
Nations:South Korea Italy Australia People:Henry Paulson Angela Merkel Ben Bernanke Activities:2008 U.S. Recession Asian Markets
2008-11-17
Leaders seek to prevent future economic crisis
WASHINGTON - World leaders battling a historic economic crisis agreed Saturday to flag risky investing and regulatory weak spots in hopes of avoiding future financial meltdowns.
Nations:Japan India Brazil U.K. France U.S. People:Nicolas Sarkozy Jim Leach Gordon Brown Robert Zoellick Angela Merkel Barack Obama Activities:G20 Summit
2008-11-15
World leaders head for summit, euro zone in recession
LONDON (Reuters) - World leaders headed to Washington on Friday to seek ways to tackle a global economic crisis that has plunged much of Europe into its first recession since the euro currency was formed.
Nations:Italy Latvia Pakistan Russia Spain People:Dmitry Medvedev Gordon Brown Ben Bernanke Activities:G20 Summit
2008-11-14
Recession alarm rings around the world
PARIS (AFP) - Giants of the auto, airline and technology industries ordered emergency action against the global financial crisis on Friday as shares took a new hammering amid mounting gloom.
Nations:France Japan U.K. Turkey Slovenia Slovakia People:Gordon Brown Alan Greenspan Activities:Global Financial Crisis
2008-10-24
Worries over economy spread; global markets sink
Wall Street may get a reprieve Thursday after a crucial barometer of inflation came in flat last month.
Nations:U.S. U.K. Russia Germany Japan France People:Gordon Brown Henry Paulson Ben Bernanke Barack Obama John McCain Activities:Global Financial Crisis
2008-10-16
G-8 announces global summit on financial crisis
Leaders of the Group of Eight major industrial countries said Wednesday they will meet "in the near future" for a global summit to tackle the financial crisis.
Nations:India Russia France Brazil Italy Germany People:Nicolas Sarkozy Gordon Brown Angela Merkel Activities:Global Financial Crisis Group of Eight
2008-10-15
Government moves again to unclog credit lines
The government put itself four-square into the country's banking business Tuesday, resorting to what President Bush conceded was the unwelcome choice of massive government investments in the banking system in order to loosen paralyzed channels of credit.
Nations:France Germany People:Nicolas Sarkozy Silvio Berlusconi Henry Paulson Ben Bernanke Activities:2008 U.S. Financial Rescue Bush Admin.
2008-10-14
Bush to announce expanded bank bailout details
The Bush administration plans to spend as much as $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials said Monday night. President Bush planned to announce the details Tuesday morning.
Nations:Portugal U.S. Germany France Spain People:Silvio Berlusconi Gordon Brown Henry Paulson Ben Bernanke Barack Obama Charles Schumer Activities:2008 U.S. Financial Rescue Bush Admin.
2008-10-13
US summons banks to meeting on rescue plan
The Bush administration summoned executives from leading financial firms to a meeting Monday to work out details of the $700 billion plan aimed at thawing frozen bank lending that is stifling the economy.
People:Silvio Berlusconi Gordon Brown Henry Paulson Ben Bernanke Activities:2008 U.S. Financial Rescue Bush Admin.
2008-10-13
Bush, allies pledge joint action on global crisis
President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
Nations:Germany U.K. France India Brazil Italy People:Henry Paulson Joseph Biden Barack Obama John McCain Activities:Global Financial Crisis Bush Admin.
2008-10-11
U.S. calls for unity as crisis wrecks markets
NEW YORK (Reuters) - Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis on Monday but global stocks still plummeted as investors bet a recession was inevitable.
Nations:Luxembourg Germany France Denmark Brazil Italy People:Nicolas Sarkozy Henry Paulson George W. Bush Activities:2008 Wachovia Deal Global Financial Crisis
2008-10-06
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