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- This just in from Chicken Little: "Deficit spending - it's all the rage! But is something wrong with this picture?" The sky-is-falling-in gang notes that, against the backdrop of the still-unfolding, still-very-serious, worldwide financial crisis ...
- KIEV, Oct 16 (Reuters) - The International Monetary Fund is prepared to give Ukraine credit of $14 billion to help stabilise the country's financial system, a spokeswoman for President Viktor Yushchenko said on Friday. An IMF mission is in Ukraine to ...
- LONDON: The renewed plunge on global stock markets is not a reflection on multi-trillion dollar bank rescue plans, but of wider fears of a worldwide recession hitting jobs and livelihoods, analysts said Thursday. After a brief respite, stock markets ...
- NEW YORK — Wall Street remained tense Thursday, swinging between sharp gains and losses as investors examined mixed economic and earnings data for clues about the health of the economy. The Dow Jones industrials, down 380 at one point, rose more ...
- NEW YORK -- Several key lending rates declined again Thursday, but another weekly drop in the amount of commercial paper in the market showed that the credit markets remain under stress. The Federal Reserve said the amount of commercial paper ...
- MONTERREY, Mexico, Oct 16 (Reuters) - Mexico's Cemex, the world's No. 3 cement maker, will cut costs and jobs as it struggles with the severe U.S. housing crisis and global market volatility that is raising its financing costs. Facing slumping ...
- KIEV, Oct 16 (Reuters) - The IMF may lend Ukraine a sum ranging from $3-14 billion to shore up its financial system but has made any credit contingent on calling off a snap election, Prime Minister Yulia Tymoshenko said on Thursday. The IMF office in ...
- Investment bank Merrill Lynch & Co. said Thursday its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis. Not only did Merrill ...
- Thursday, October 16, 2008 (10-15) 16:56 PDT -- Wells Fargo & Co.'s third-quarter profit dropped by nearly 25 percent as the San Francisco bank wrote down investments in troubled financial companies and boosted reserves for credit losses, but the ...
- The word from Silicon Valley: Brace yourself for more bad news. The message is resonating ominously through the Valley. Latest news bulletins: On Wednesday, the chief executive of Cadence Design said he was stepping down, along with his four top ...
- NEW YORK, Oct 15 (Reuters) - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall on Wednesday. The Dow ...
- NEW YORK : Corners of the credit markets are slowly loosening after the U.S. government pledged to buy stakes in private banks, but there's still congestion — and investors are also noticing some adverse, unintended consequences from the rescue ...
- NEW YORK - The government's efforts to crank open the credit markets have led to some mild improvements in lending rates and Treasury bill yields. But it will probably take months, and perhaps a few years, before lending returns to healthier levels ...
- (CBS/AP) With any luck, the U.S. government's quarter-trillion dollar cash infusion in banks will get them lending again, but the radical move won't quickly turn around the tottering economy. The pain will almost certainly drag on as vanishing jobs ...
- With any luck, the government's quarter-trillion dollar cash infusion in banks will get them lending again, but the radical move won't quickly turn around the tottering economy. The pain will almost certainly drag on as vanishing jobs, shrinking ...
- WASHINGTON (AP) _ With any luck, the government's quarter-trillion dollar cash infusion in banks will get them lending again, but the radical move won't quickly turn around the tottering economy. The pain will almost certainly drag on as vanishing ...
- Tonight both candidates challenged eachother’s ads. Senator Barack Obama said that 100% of Senator John McCain’s ads were negative. This is true for the first week in October according to the Wisconsin Ad Project. However, over the entire ...
- WASHINGTON - US President George W. Bush Tuesday announced measures to implement a plan of action agreed by the Group of Seven (G7) major advanced countries and to strengthen the banking industry. The government will use a portion of the 700-billion ...
- Reflecting the Rooseveltian view that "we have nothing to fear but fear itself," global stock markets rallied Tuesday for the second straight day, amid a flurry of government moves to prevent rocked financial and banking systems from collapsing. Less ...
- As financial institutions worldwide fret about their future, Spanish bank Santander is again on the prowl. Already the Euro zone’s largest bank by market capitalization and led by acquisition-hungry Chairman Emilio Botín, Santander confirmed on ...
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