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Latest for October 6th, 2008
U.S. Money Crisis Hits Europe [VIDEO]
October 4, 2008, 10:15 pm
Europe's top political leaders have convened in France amidst fears over growing financial disasters overseas in the United States. Mark Phillips reports on the world impact of the mortgage crisis.
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October 6, 2008, 8:34 am
Dollar skyrockets against euro - CNN Money
NEW YORK (CNNMoney.com) -- The dollar continued to rally against European currencies Monday but sank again against the Japanese yen as the credit crisis spreads around the globe. The euro traded at $1.3510, down 1.2% from $1.3772 Friday. Earlier ...
October 6, 2008, 8:20 am
Dow dips below 10,000, a first since Oct. 2004 - MSNBC
NEW YORK - Wall Street tumbled Monday, joining a selloff around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. The Dow Jones industrials skidded ...
October 6, 2008, 8:12 am
Currencies Video Gallery - CNBC
Sentiment worsened sharply against the euro after leaders of Europe's four biggest economies decided against a coordinated bailout plan at a weekend summit. "The market is shunning the euro. The banking crisis (in Europe) seems to have taken the ...
October 6, 2008, 7:51 am
UK government nationalizes Bradford & Bingley - Associated Press
LONDON (AP) -- The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank's 50 billion pound ($91 billion) mortgage and loan books as turmoil from the U.S. credit crisis ...
October 6, 2008, 7:01 am
FOREX-Dollar surges to 13-month high vs euro, yen gains - Forbes
NEW YORK, (Reuters) - The U.S. dollar jumped to a 13-month high against the euro Monday, while the yen rallied across the board as fears over bank problems in Europe deepened and investors cut risk exposure. Sentiment worsened sharply against the ...
October 6, 2008, 4:40 am
Can the venture capitalists at Kleiner Perkins reduce our dependence on oil, help stop global warming and make a lot of money at the same time'
October 6, 2008, 2:29 am
Credit Crisis Hits Europe - New London Day
European nations scrambled Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns in major economies on three ...
October 5, 2008, 11:29 pm
JGBs soar on tumbling Nikkei, rate cut expectations
*Ten-year yield hits 6-mth low as Nikkei drops to 4-yr low
October 5, 2008, 8:25 pm
TREASURIES-Surge in Asia as bank woes stir rate cut talk
* Treasuries jump as credit crisis hits Europe
October 5, 2008, 5:47 am
Joyce: Sports in the real world of recession
Are sports recession-proof? As much as we'd like to hope they are, the current financial crisis is blowing an ill wind around the games we watch. Business as usual? Hardly.
October 4, 2008, 11:19 pm
France hosts mini EU summit on financial crisis
Leaders from France, Germany, Britain and Italy met here on Saturday to coordinate response of European Union (EU) member states to the escalating financial crisis. The French government said the mini EU summit aimed to prepare European members of the Group of Industrialized Nations (G8) for a larger meeting on the crisis although no date has been set for such a meeting. &$ &$Italian Prime ...
October 4, 2008, 5:42 pm
France hosts mini EU summit on financial crisis
PARIS, Oct. 4 (Xinhua) -- Leaders from France, Germany, Britain and Italy met here on Saturday to coordinate response of European Union (EU) member states to the escalating financial crisis.
October 4, 2008, 12:18 pm
France hosts mini EU summit on financial crisis - Xinhua News Agency
PARIS, Oct. 4 (Xinhua) -- Leaders from France, Germany, Britain and Italy met here on Saturday to coordinate response of European Union (EU) member states to the escalating financial crisis. The French government said the mini EU summit aimed to ...
October 4, 2008, 8:19 am
Harper makes another subtle pitch for a majority
Conservative Leader Stephen Harper said that another minority Parliament would be disastrous for the economy, yet another subtle pitch to Canadians to hand his party a majority government.
October 4, 2008, 3:36 am
Europe's big banks aim to profit from Wall Street's losses
Despite problems at some banks, executives at Europe's still-solvent giants see a rare opportunity to crack markets long-dominated by American firms brought low by the financial crisis.
October 3, 2008, 5:17 pm
Sweeping $700 Billion Financial Rescue Wins Final Approval
The U.S. economy faced fresh troubles Friday as President Bush signed a $700 billion bailout bill. Analysts weigh the economic picture and Paul Solman recaps the week's events.
October 3, 2008, 11:08 am
Libor Mystifies Americans as Mayor Reads `Doomsday' (Update2)
Oct. 3 (Bloomberg) -- Anisha Gupta, returning clothes to a Hugo Boss store on Rodeo Drive in Beverly Hills, shrugged when asked about Libor. She had heard the term. She wasn't sure she could define it.
October 3, 2008, 4:55 am
Emerging Markets-Crisis hits FX, rand at 5-1/2-year low - Forbes
LONDON, Oct 3 (Reuters) - The rand hit 5-1/2-year lows for a second straight day on Friday, as emerging currencies felt the pinch from the global credit crisis and a stronger dollar, while the cost of insuring Iceland's debt soared. The dollar was ...
October 2, 2008, 9:29 am
FTSE ends down 1.8 percent on commodities - International Herald Tribune
The FTSE 100 ended down 1.8 percent on Thursday after weak U.S. data renewed recession fears, and the fate of a financial bailout package remained uncertain ahead of a key lawmaker vote on Friday. The FTSE 100 closed 89.3 points lower at 4,870.3 ...
September 29, 2008, 5:53 pm
Financial Crisis Hits World Markets - ABC News
Across Europe, the U.K.'s FTSE 100 fell 5.3 percent, Germany's DAX index was down 4.2 percent and France's CAC-40 saw a 5 percent fall Monday as trading mercifully ended. Asian markets have not been spared either. Japan's Nikkei fell 4.12 percent ...
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