Recession fears send world markets down
LONDON - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
Nations:Italy South Korea Australia Activities:Asian Markets European Markets Source:(AP)
2008-11-20
Recession fears deepen as Citigroup slashes 50,000 jobs
TOKYO (AFP) - Asian shares fell Tuesday on mounting fears of an extended global recession after US banking giant Citigroup announced 50,000 job cuts and carmakers on both sides of the Atlantic pleaded for help.
Nations:South Korea Italy Australia People:Henry Paulson Angela Merkel Ben Bernanke Activities:2008 Global Recession Asian Markets
2008-11-17
Leaders seek to prevent future economic crisis
WASHINGTON - World leaders battling a historic economic crisis agreed Saturday to flag risky investing and regulatory weak spots in hopes of avoiding future financial meltdowns.
Nations:Japan India Brazil U.K. France U.S. People:Nicolas Sarkozy Jim Leach Gordon Brown Robert Zoellick Angela Merkel Barack Obama Activities:G20 Summit
2008-11-15
Bush, Obama focus on economy in radio addresses
WASHINGTON - With the economy in a downward spiral, U.S. troops in Iraq and Afghanistan and the nation under threat from terrorists, President Bush pledged Saturday to make a smooth transition to an Obama administration a top priority for the rest of his days in office.
Nations:Afghanistan Colombia South Korea People:Laura Bush Activities:Obama Admin. 2008 Global Recession Bush Admin. Source:(AP)
2008-11-08
Obama receives congratulations from world leaders
CHICAGO - President-elect Obama accepted congratulations from nine presidents and prime ministers Thursday, returning calls from world leaders who reached out after his presidential victory.
Nations:Mexico U.K. South Korea Canada Afghanistan Iraq People:Kevin Rudd Lee Myung-Bak Nicolas Sarkozy Gordon Brown Felipe Calderon Ehud Olmert Activities:Obama Admin. US Election 2008
2008-11-06
Economy shrinks as consumers cut back on spending
WASHINGTON - The government says the economy shrank in the third quarter as consumers cut back on their spending by the biggest amount in 28 years. It was the strongest signal yet the country has hurtled into recession.
Nations:Ukraine Brazil Mexico South Korea Hungary People:Ben Bernanke Activities:2008 Global Recession
2008-10-30
U.S., China kick off global round of rate cuts
NEW YORK - The United States and China kicked off what is likely to be a global round of interest rate cuts, part of a barrage of measures deployed around the world to fight a deep economic slowdown.
Nations:China South Korea U.S. Belarus Ukraine Pakistan People:Barack Obama John McCain Activities:Global Financial Crisis
2008-10-29
Fed cuts key interest rate half-point to 1 percent
WASHINGTON - The Federal Reserve slashed a key interest rate by half a percentage point Wednesday, driving it to a level seen only once before in the last half-century, and the government finally began distributing funds from the billions in the financial rescue package.
Nations:Ukraine Brazil Mexico South Korea Hungary People:Ben Bernanke Activities:Global Financial Crisis
2008-10-29
Global stock markets stage rebound
LONDON (AFP) - Global stock markets rebounded Tuesday as investors hunted for bargains after days of massive losses and took heart from prospects for a cut in US interest rates.
Nations:South Korea France Activities:Global Financial Crisis Hong Kong Markets Japanese Markets Chinese Markets Source:(AFP)
2008-10-28
Most Asian markets rebound after recent slides
SEOUL, South Korea - Most Asian stock markets rebounded Tuesday after several days of steep declines as investors snapped up beaten down shares like Honda, Samsung and HSBC. Shares in Europe also opened higher.
Nations:South Korea Australia Thailand Activities:Global Financial Crisis Asian Markets Source:(AP)
2008-10-28
North Korea threatens to reduce South to debris
SEOUL (Reuters) - North Korea's military threatened on Tuesday to use everything in its arsenal to reduce South Korea to rubble unless Seoul stops civic groups from sending anti-Pyongyang leaflets into the communist state.
Nations:North Korea South Korea People:Lee Myung-Bak Kim Jong Il Activities:North Korea-South Korea Source:(Reuters)
2008-10-28
World markets slump as Nikkei hits 26-year low
LONDON - European stock markets fell heavily Monday after the Nikkei index in Japan closed at its lowest in 26 years as the financial crisis raised recession fears and drove up the yen, piling the pressure on the country's exporters.
Nations:South Korea Ukraine Philippines Hungary Activities:Global Financial Crisis Hong Kong Markets Japanese Markets Chinese Markets Source:(AP)
2008-10-27
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