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Financial Crisis

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Article
/ 19 November 2008

Japanese banks, US carmakers seek funds

Japan’s number three bank sought to beef up its capital on Wednesday, markets fretted over the stricken United States car industry.

By Mike Peacock
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Article
/ 18 November 2008

Manuel sees no recession but inflation to fall

S is not facing a recession, Finance Minister Trevor Manuel said on Tuesday, despite major industrialised countries slipping into negative growth.

By Wendell Roelf
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Article
/ 18 November 2008

US takes first step in bailing out car industry

US Senate Democrats took the first step towards bailing out the nation’s crippled auto industry on Monday by proposing a -billion loan programme.

By John Crawley and Thomas Ferraro
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Article
/ 17 November 2008

Manuel: World economies may suffer for years

The impact of the global financial crisis may be felt by world economies for years to come, Finance Minister Trevor Manuel said on Monday.

By Staff Reporter
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Article
/ 17 November 2008

Global crisis shows teeth with mass Citigroup cuts

A brutal financial crisis showed its teeth on Monday as banking giant Citigroup announced a massive 50 000 job cuts.

By Staff Reporter
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Article
/ 17 November 2008

Japan in recession, IMF needs money

Japan became the latest major economy to fall into recession on Monday with France close behind, and the IMF said it needed at least -billion.

By Jeremy Gaunt
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Article
/ 17 November 2008

World markets sceptical about G20 action plan

Markets appeared unimpressed Monday with an action plan from international leaders to tackle the global financial crisis.

By Staff Reporter
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Article
/ 16 November 2008

World leaders urge fast action on financial crisis

World leaders pledged rapid action on Saturday to rescue a weakening global economy from the worst financial crisis in over 70 years

By David Lawder, Luke Baker and Emmanuel Jarry
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Article
/ 16 November 2008

Bleeding to death

President elect Barack Obama has only 100 days to save the US auto industry, write David Gow and Mark Milner.

By David Gow and Mark Milner
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Article
/ 15 November 2008

World leaders pledge action plan to fight crisis

World leaders grappling with a global financial crisis pledged on Friday to deliver an action plan to ward off recession and prevent future meltdowns.

By Glenn Somerville and Matt Spetalnick
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Article
/ 14 November 2008

Financial summit eyes global supervision

Leaders at an economic summit in the US are considering a "college of supervisors" to oversee big financial institutions, it was reported.

By Staff Reporter
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Article
/ 14 November 2008

Brown: Major countries must cut taxes now

Gordon Brown on Thursday called on the world’s most powerful industrial nations to agree a programme of immediate and coordinated tax cuts.

By Staff Reporter
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Article
/ 13 November 2008

US bailout worries weigh on rand

The rand weakened against the dollar on Thursday as worries returned to the market after the US backed away from buying troubled mortgage assets.

By Staff Reporter
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Article
/ 13 November 2008

Emerging countries look for equal say at finance summit

Big emerging countries are looking to push their way into seats next to the rich nations’ club at the G20 summit in Washington on Saturday.

By Staff Reporter
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Article
/ 12 November 2008

Bad news mounts ahead of economic summit

More grim news on Wednesday that Germany and UK are battling recession increased pressure on world leaders ahead of an economic summit this weekend.

By Staff Reporter
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Article
/ 12 November 2008

Unsold Ferraris, no free drinks as crisis spikes

From office sodas that are no longer free to Ferraris that go unpurchased, financial services firms and their staff are being forced to a new era.

By Tony Munroe
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Article
/ 12 November 2008

Gloom grips markets as global downturn spreads

China’s retail sales data on Wednesday pointed to slowing consumption and the World Bank said more countries are seeking its help.

By Alex Richardson
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Article
/ 12 November 2008

Where employers lock up and go

Few in the West have heard of Dongguan, but the chances are that your shoes, your TV or your children’s toys originated here.

By Staff Reporter
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Article
/ 11 November 2008

Grim economic data mirrored by corporate gloom

Evidence of a weakening Chinese economy and poor data from Japan and UK reinforced fears on Tuesday of a prolonged recession.

By Alex Richardson and Mike Peacock
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Article
/ 11 November 2008

Investing for living

Weak markets offer a better opportunity to buy for income, writes Maya Fisher-French.

By Maya Fisher French
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Article
/ 10 November 2008

A challenging baptism

Monetary policy is being eased everywhere, with the expectation that the Fed will join Japan in having a policy rate below 1% by the end of the year.

By Larry Elliot
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Article
/ 9 November 2008

Economic powers agree on need to boost growth

The world’s leading economies, including emerging powers like China, agreed on Saturday on the need to take measures to stimulate growth.

By Todd Benson and Krista Hughes
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Article
/ 8 November 2008

Finance chiefs eye first steps in revamping global system

Looking to take the first steps toward revamping a global financial system ravaged by crisis, leaders gather on Saturday seeking common ground.

By Staff Reporter
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Article
/ 8 November 2008

Digg founder says meltdown prime time for start ups

Digg founder Kevin Rose on Friday shined light on a stormy economic landscape, saying the climate is right for launching internet start ups.

By Staff Reporter
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Article
/ 7 November 2008

US job losses soar

United States employers cut payrolls by a much steeper-than-expected 240 000 jobs in October.

By Staff Reporter
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Article
/ 7 November 2008

Motlanthe warns on growth, power cuts

South Africa’s economy will slow in 2008 but a healthy banking sector will stave off a recession even in the face of global financial turmoil.

By Phumza Macanda
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Article
/ 7 November 2008

Egypt sees exports slowing as trading partners suffer

Egypt’s export growth will probably slow this year as the economies of its major trading partners suffer from the international financial crisis.

By Anna Willard
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Article
/ 6 November 2008

Recession fears slam Asia stocks

Asian stocks slumped 7% on Thursday as more evidence that the US economy is shrinking made investors brace for a potentially deep recession.

By Kevin Plumberg
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Article
/ 6 November 2008

The perils of swimming naked

The markets have certainly come to the belated conclusion that the UK is mutton dressed up as lamb.

By Larry Elliott
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Article
/ 5 November 2008

Shares higher after Obama win ends uncertainty

Asian shares hit a three-week high and the dollar extended gains after Barack Obama became the next US president.

By Rafael Nam
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Analysis
/ 5 November 2008

Companies law should go beyond voluntarism

The global financial crisis demonstrates the importance of the sensible regulation of markets and companies.

By David Bilchitz
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Analysis
/ 5 November 2008

Remember this day

If you have canine instincts, now is the time to piss on the four corners of your life so you can lift your nose and smell this month.

By Staff Reporter
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