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- Oct. 10 (Bloomberg) -- Mexico's stock exchange is demanding companies give investors more information about their finances as the peso's 20 percent tumble in two weeks raises concern businesses will face growing foreign exchange-related losses. The ...
- The global economic crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller banks, as Tokyo shares flirted with their biggest one-day fall since the 1987 market crash. Escalating bankruptcies in ...
- Oct. 10 (Bloomberg) -- The yen rose against the dollar, headed for its biggest weekly gain in a decade, on speculation a global stock market rout will prompt investors to pare holdings of higher-yielding assets funded with the Japanese currency. The ...
- SYDNEY, Oct 10 (Reuters) - U.S. Treasury yields fell in Asia on Friday as investors fled tumbling equity markets to the relative safety of sovereign debt, showing the desperate need for urgent action by global policy makers. With Japan's Nikkei share ...
- Oct. 9 (Bloomberg) -- Chile's central bank kept its benchmark interest rate unchanged today as concern that a global credit crisis might damage the country's economy outweighed the threat from consumer price inflation . The central bank, led by bank ...
- Oct. 9 (Bloomberg) -- Chile's central bank kept its benchmark interest rate unchanged today as concern that a global credit crisis might damage the country's economy outweighed the threat from consumer price inflation . The central bank, led by bank ...
- Banks ramp up lending from Fed's emergency program; investment firms pull back slightly Dow plunges 679 for 6th triple-digit loss in a row Dollar rises on global financial turmoil New AIG loan renews concerns over insurer's health GM shares tumble 31 ...
- Oct 9th, 2008 | NEW YORK — Shares of General Motors Corp. lost nearly one-third of their value Thursday, plunging to their lowest level since July 1950 after Standard & Poor’s said the automaker’s credit could fall further into junk status due ...
- TORONTO - The Canadian dollar took another dive Thursday, falling by more than two cents at one point to its lowest level in more than 13 months. Market watchers couldn't point to a single factor to account for the big drop, which occurred just ...
- NEW YORK — The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve's interest rate cut. But they're hardly back to normal. In two signs of continued strain, a key bank-to-bank lending rate rose ...
- Insurance giant american intercontinental group Incorporated is getting another big boost from the federal government. It was announced Thursday, that AIG will receive another $38 billion loan from the government. Last month, the government bailed ...
- Oct. 9 (Bloomberg) -- The cost of borrowing in dollars for three months in London soared to the highest level this year as coordinated interest-rate reductions worldwide failed to revive lending among banks for any longer than a day. Attempts by ...
- NEW YORK -- The dollar jumped Monday against other major currencies, except for the yen, as stocks sank around the globe. In Europe, leaders came away from a weekend summit meeting without announcing any coordinated plan for the continent's troubled ...
- Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes. Charlotte, N.C.-based Bank of America said Monday it ...
- Oct. 7 (Bloomberg) -- Icelandic Prime Minister Geir Haarde guaranteed domestic bank deposits and gave regulators the power to take over bank assets and obtain funds from lenders that may become ``inoperable.'' ``It is every country for itself ...
- European banking sector troubles, which also sent share prices diving, threatened to overshadow the proposed and hard fought $700 billion U.S. bank bailout deal that looked set for approval later on Monday.
- WASHINGTON/BRUSSELS (Reuters) - A swathe of bank rescue deals took shape around Europe on Monday and fear gripped financial markets before a U.S. lawmaker vote to push through a $700 billion fund to deal with toxic debt. Investors hung on every twist ...
- US lawmakers Sunday struck a deal on an unprecedented 700-billion-dollar bailout for struggling Wall Street banks to avert the worst financial crisis since the Great Depression of the 1930s. But in announcing the deal after nine days of tense ...
- Sept. 29 (Bloomberg) -- Stocks tumbled in Europe and Asia and U.S. index futures retreated as bank bailouts accelerated and the $700 billion plan to rescue American financial institutions failed to unlock money markets. Dexia SA sank 28 percent after ...
- WASHINGTON/BRUSSELS (Reuters) - A swathe of bank rescue deals took shape around Europe on Monday and fear gripped financial markets before a U.S. lawmaker vote to push through a $700 billion fund to deal with toxic debt. Investors hung on every twist ...
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