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World finance chiefs grasp for solutions in firestorm
In the face of a growing financial firestorm finance chiefs from the Group of Seven nations were due to meet in Washington on Friday in search of a solution.
Nations:U.K. U.S. Russia Germany Japan India People:Gordon Brown Henry Paulson George W. Bush Activities:2007 Global Credit Crunch Taro Aso Admin. Group of Eight
2008-10-10
Bickering clouds rescue efforts in financial crisis
With financial markets seeing fresh panic, US authorities raised the prospect Thursday of direct capital injections into troubled banks, and Europe's central bank opened up an unlimited cash lifeline.
Nations:U.K. Iceland France Luxembourg Russia People:Gordon Brown Angela Merkel George W. Bush Activities:2007 Global Credit Crunch
2008-10-09
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
Deepening finance crisis causes global market panic
PARIS (AFP) - Desperate new measures by governments in Europe and North America to stabilise the financial system failed to stop panic selling that swept global markets Monday amid deepening gloom at the scope of the banking crisis.
Nations:France Germany Luxembourg Portugal Denmark Brazil People:Nicolas Sarkozy Gordon Brown George W. Bush Activities:2007 Global Credit Crunch U.S. Markets
2008-10-06
Europe fights financial storm as bank deal collapses
PARIS, (AFP) - The leaders of Europe's four main economic powers vowed to protect fragile banks in their fight against the global credit crisis as the biggest rescue in German financial history collapsed.
Nations:France Germany U.K. Netherlands Italy Luxembourg People:Nicolas Sarkozy Silvio Berlusconi Gordon Brown Angela Merkel George W. Bush Activities:2007 Global Credit Crunch
2008-10-05
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