No image available
/ 15 December 2008
Top world financial groups on Monday revealed massive potential losses from an alleged scam run by Wall Street trader Bernard Madoff.
No image available
/ 15 December 2008
Japan reported its sharpest crash in business sentiment in three decades on Monday and industrial output in China grew at its slowest pace since 1999.
No image available
/ 10 December 2008
The White House and congressional Democrats on Tuesday night reached an agreement in principle on a -billion proposal for bailing out US carmakers.
No image available
/ 9 December 2008
EU leaders must show US president-elect Barack Obama they are serious about tackling economic slowdown and climate change by agreeing firm action.
No image available
/ 8 December 2008
The economic news last week was remorselessly grim from every corner of the globe.
No image available
/ 2 December 2008
Japan and Australia announced new measures to try to ease the global credit crisis on Tuesday after the US formally announced it was in recession.
No image available
/ 24 November 2008
The US government agreed to prop up Citigroup with more than -billion, the latest bailout in a sector crippled by exposure to toxic debts.
No image available
/ 17 November 2008
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.
No image available
/ 14 November 2008
Leaders at an economic summit in the US are considering a "college of supervisors" to oversee big financial institutions, it was reported.
No image available
/ 2 November 2008
British Prime Minister Gordon Brown on Sunday called for billions of dollars in extra funding for the IMF to prop up struggling economies.
No image available
/ 1 November 2008
Sharp falls in consumer spending in the US and Germany deepened fears of a global recession as markets ended one of their most traumatic months.
No image available
/ 31 October 2008
World stock markets had mixed fortunes on Friday, with fearful investors groping for direction at the end of a mad month of wild volatility.
No image available
/ 27 October 2008
Growing fears of recession sent share and oil prices plummeting on Monday as markets shrugged off new moves to protect shell-shocked economies.
No image available
/ 26 October 2008
Investors unnerved by a sell-off in shares are looking ahead to a week that may see a round of coordinated central bank action to calm markets.
No image available
/ 24 October 2008
World stock markets plunged deep into negative territory on Friday as gloom gathered over the global economy.
No image available
/ 23 October 2008
Asian stocks tumbled on Thursday as fears that the world’s biggest economies are shrinking sparked fresh panic.
No image available
/ 22 October 2008
Long before she filed for bankruptcy, Ann Neukomm was ”underwater” — she owed more on her mortgage than her house was worth.
No image available
/ 16 October 2008
Emergency measures to tackle the financial crisis provided little relief on Thursday, as stock markets around the world took a battering.
No image available
/ 15 October 2008
Fears grew on Wednesday that the financial crisis will mutate into a worldwide recession, with leaders calling for new global action.
No image available
/ 14 October 2008
Asian stocks surged on Tuesday after world governments threw lifelines to ailing banks in a bid to end the financial crisis.
No image available
/ 13 October 2008
Governments around the globe launched a multi-pronged attack on the finance crisis on Monday, with markets enjoying record one-day rises.
No image available
/ 13 October 2008
Mitsubishi UFJ Financial Group has bought a 21% stake in Wall Street bank Morgan Stanley for $9-billion, the companies said on Monday.
No image available
/ 13 October 2008
Markets internationally have been poisoned. But who is responsible?
The financial crisis in developed economies threatens to slash investment flows that have driven Africa’s economic growth, the World Bank says.
World stock markets plunged again on Tuesday as the financial crisis deepened, with governments taking emergency measures to shore up confidence.
Deepening fears about the financial crisis in Europe and doubts about a $700-billion United States rescue sent global stocks plummeting on Monday.
The global financial crisis may have "extremely serious" consequences in developing countries in Africa and Latin America, the IMF said on Monday.
The US House of Representatives set aside doubts that prevailed a few days ago and passed a landmark -billion Wall Street bailout bill on Friday.
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.
The US Senate has approved a -billion bailout of the financial industry, putting pressure on the House of Representatives to approve the plan.
The US Senate prepared to vote on Wednesday on a revised -billion plan aimed at halting the worst financial crisis since the Great Depression.
Banks in Africa’s biggest economy, South Africa, have so far been sheltered from the United States financial crisis.