IMF chief warns of global slowdown from crisis
The global financial crisis may have "extremely serious" consequences in developing countries in Africa and Latin America, the IMF said on Monday.
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US House grits teeth, approves Wall St bailout
The US House of Representatives set aside doubts that prevailed a few days ago and passed a landmark $700-billion Wall Street bailout bill on Friday.
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United States bailout Bill faces crunch test
The US on Friday haggled over a revised version of a $700-billion Wall Street bailout, with leading Democrats optimistic the package would be passed.
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US Senate approves $700bn rescue plan
The US Senate has approved a $700-billion bailout of the financial industry, putting pressure on the House of Representatives to approve the plan.
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US Senate urged to back revised bank rescue
The US Senate prepared to vote on Wednesday on a revised $700-billion plan aimed at halting the worst financial crisis since the Great Depression.
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SA banks safe, for now, from financial storm
Banks in Africa's biggest economy, South Africa, have so far been sheltered from the United States financial crisis.
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Markets reel after US bailout failure
Panicky investors dumped shares on Tuesday after United States lawmakers unexpectedly shot down a Wall Street bailout plan.
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Panic grips world's markets
The US government's $700-billion bailout of the banking industry collapsed on Monday as Congress defied the White House by voting down the plan.
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SA markets battered by risk aversion
SA markets took a pounding on Monday, hit by a global stocks fall and a flight from risk, with investors worried about US and European banks.
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European banks get bailouts
United States regional bank Wachovia succumbed to the worldwide credit crisis as authorities rescued a slew of European banks.
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