Fed slashes interest rates, but stocks lose again
Wall Street bounced higher and lower Wednesday trying to make up its mind about an unprecedented coordinated interest rate cut by central banks around the world. In the end it settled on a familiar feeling -- fear -- and plunged again.
Nations:Switzerland Germany Sweden France Canada People:Gordon Brown Henry Paulson Ben Bernanke Barack Obama Charles Schumer John McCain Activities:U.S. Markets
2008-10-08
Fed, central banks cut rates to aid world economy
In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown.
Nations:Switzerland Germany Sweden Japan France Canada People:Ben Bernanke Barack Obama John McCain Activities:2007 Global Credit Crunch
2008-10-08
World markets tumble on Lehman news
PARIS - Stock markets tumbled in Europe and Asia on Monday after the double-fisted blow from Wall Street news that Lehman Brothers had filed for bankruptcy and Merrill Lynch would be sold to a large U.S. bank.
Nations:France Germany India Japan South Korea Activities:2008 AIG Crisis Merrill Lynch Sales Lehman Brothers Bankruptcy
2008-09-15
Plane crash in central Russia kills 88
MOSCOW - A passenger jet traveling from Moscow to the Ural Mountains city of Perm crashed near residential buildings as it was preparing to land early Sunday, killing all 88 people aboard, officials said.
Nations:Russia Kyrgyzstan Latvia Turkey Italy Switzerland People:Vladimir Putin Source:(AP)
2008-09-14
Federer a win away from 5th straight US Open title
NEW YORK - Ominous clouds overhead, the sort of hard court that troubled him this season underfoot, Roger Federer sensed something Saturday he hadn't in quite a while. He was playing exactly like that guy named Roger Federer.
Nations:Switzerland People:Roger Federer Novak Djokovic Jelena Jankovic Andy Murray Rafael Nadal Pete Sampras Activities:2008 U.S. Tennis Open
2008-09-06
Querrey's 2nd upset of Open earns match vs. Nadal
NEW YORK - Sam Querrey is so young that there isn't a trace of irony when he mentions growing up rooting for Andy Roddick and James Blake, two guys still very much on tour and still in their 20s.
Nations:Italy Latvia Ukraine Switzerland Japan People:Venus Williams David Nalbandian Svetlana Kuznetsova James Blake Andy Murray Tomas Berdych Activities:2008 U.S. Tennis Open
2008-08-30
Financial worries drive Wall Street down 2 percent
NEW YORK (Reuters) - U.S. stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.
Nations:U.S. Activities:U.S. Markets
2008-08-25
China opens its long-sought Olympics spectacularly
BEIJING - China didn't just walk onto the world stage. It soared over it. At last playing its long-sought role as Olympic host, China opened the Summer Games in spectacular fashion Friday with an extravaganza of fireworks and pageantry dramatizing its ascendance as a global power.
Nations:Afghanistan Nepal Turkey Argentina Kenya Germany People:Dirk Nowitzki Roger Federer LeBron James Vladimir Putin Yao Ming Kobe Bryant Activities:2008 Beijing Olympics
2008-08-08
Report: Iran now has 6,000 centrifuges for uranium
TEHRAN, Iran - President Mahmoud Ahmadinejad said Saturday that Iran now possesses 6,000 centrifuges, a significant increase in the number of uranium-enriching machines in its nuclear program, the semi-official Fars news agency reported.
Nations:Germany Switzerland Russia France People:Mahmoud Ahmadinejad Activities:Iran Nuclear Crisis Source:(AP)
2008-07-26
UBS drops offshore banking services for Americans
WASHINGTON (AFP) - An official of the Swiss bank UBS announced that it was halting its offshore banking services for US citizens after it came under scathing criticism for facilitating massive tax evasion.
Nations:U.S. Liechtenstein People:Carl Levin Source:(AFP)
2008-07-17
Nadal dethrones Federer in five-set Wimbledon epic
WIMBLEDON, England - With darkness enveloping Centre Court and the clock showing 9:15 p.m., Rafael Nadal watched as Roger Federer's errant forehand settled into the net, ending what might have been the greatest men's final on the greatest stage in tennis.
Nations:Spain People:Rafael Nadal John McEnroe Pete Sampras Roger Federer Activities:2008 Wimbledon Source:(AP)
2008-07-06
Nadal dethrones Federer at Wimbledon
WIMBLEDON, England - Rafael Nadal ended Roger Federer's five-year reign at Wimbledon on Sunday, winning a riveting, five-set marathon to claim his first title at the All England Club and signal a changing of the guard in men's tennis.
Nations:Spain People:Rafael Nadal Pete Sampras Roger Federer Activities:2008 Wimbledon Source:(AP)
2008-07-06
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