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/ 24 October 2008
Oil fell below a barrel on Friday, to new 16-month lows, as gloom about a global economic downturn.
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/ 24 October 2008
China’s president said on Friday the economic outlook was grim and companies from Japan to France were punished.
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/ 23 October 2008
The ANC has no intention of interfering with the independence of the South African Reserve Bank, ANC president Jacob Zuma said on Wednesday.
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/ 23 October 2008
Asian stocks tumbled on Thursday as fears that the world’s biggest economies are shrinking sparked fresh panic.
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/ 22 October 2008
The rand fell to a new, six-and-a-half-year low against the dollar on Wednesday, and local stocks also plunged on falling commodity prices.
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/ 22 October 2008
Warnings of an ”inevitable” global recession and the expectation of more interest-rate cuts triggered global financial turmoil on Wednesday.
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/ 22 October 2008
Long before she filed for bankruptcy, Ann Neukomm was ”underwater” — she owed more on her mortgage than her house was worth.
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/ 22 October 2008
It has been a tough year for Peter Kinywa, a trader in one of Nairobi’s Masai markets. Business has plummeted as tourists stay away from Kenya.
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/ 22 October 2008
Panicked emails bounced from Blackberry to Blackberry in the world’s wealthiest countries this week.
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/ 21 October 2008
Optimism grew on Tuesday that the global financial crisis was being brought under control as stock markets surged.
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/ 21 October 2008
The financial crisis is a double whammy for police in many US cities: they face budget cuts as they brace for an expected surge in crime.
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/ 20 October 2008
The effect of the financial crisis on major economies was brought into focus on Monday, though markets rallied at the start of the week’s trading.
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/ 20 October 2008
No one expects a fallen Master of the Universe to say sorry. But academics say an apology can be the basis of revitalised confidence and trust.
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/ 20 October 2008
The injection of £37-billion of taxpayer money into the capital base of three UK banks is the gravest event in the modern financial history of the UK.
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/ 19 October 2008
US President George Bush announced on Saturday he would host the first in a proposed series of global summits on the financial crisis.
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/ 18 October 2008
French President Nicolas Sarkozy was to press George Bush on Saturday on the need for an overhaul of the international financial system.
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/ 17 October 2008
Fallout from the global financial crisis grew in the real economy on Friday with job losses and a backlash against banking chiefs.
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/ 17 October 2008
As markets sink and fears grow of global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.
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/ 17 October 2008
Policymakers scrambled for ways to bolster their economies and banks with South Korean and Australian leaders holding emergency meetings.
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/ 17 October 2008
The global financial crisis could ”severely affect” South Africa’s economy and may force it to cut its growth forecasts, said ANC leader Jacob Zuma.
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/ 16 October 2008
Global stock markets traded mixed on Thursday amid recession fears as Wall Street rose and Europe fell for a second day running.
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/ 16 October 2008
More policy flexibility is needed to protect economies against external shocks as the world faces the danger of a slowdown, Tito Mboweni said.
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/ 16 October 2008
Mounting fears of global recession hammered world stocks on Thursday, with Tokyo suffering its worst loss in two decades and Europe in freefall.
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/ 16 October 2008
Emergency measures to tackle the financial crisis provided little relief on Thursday, as stock markets around the world took a battering.
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/ 15 October 2008
South African stocks plummeted nearly 7% on Wednesday following severe drops in overseas markets amid renewed fears of a global economic slowdown.
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/ 15 October 2008
Oil fell for a third straight session on Thursday, hitting a 13-month low near , as investors braced for a plunge in demand.
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/ 15 October 2008
Fears grew on Wednesday that the financial crisis will mutate into a worldwide recession, with leaders calling for new global action.
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/ 15 October 2008
The African National Congress’s assurance that it would bail out local banks if they came under pressure from the global finance crisis was a good mov
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/ 15 October 2008
Caught by the United States economic crisis and a crackdown on illegal immigrants, Mexican workers are increasingly quitting the US and coming home.
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/ 15 October 2008
Chiu Hei-chun spent 50 years washing dishes at a roadside stall in Hong Kong only to lose his life savings when Lehman Brothers went belly up.
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/ 14 October 2008
The United States pledged on Tuesday to pump -billion into its banks, following similar action in Europe, though a threat of recession remained.
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/ 14 October 2008
SA banks have been reassured that if they came under any pressure over the world credit crisis, the government would bail them out.