President Barack Obama said on Friday that regulators would look for ways to prevent a repeat of Thursday’s mysterious stock market meltdown.
Republicans hung together on Tuesday and again thwarted Democratic efforts to start formal debate on legislation to rein in Wall Street excesses.
Sweeping legislation to rein in Wall Street suffered a temporary setback in the United States Senate on Monday.
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/ 22 January 2010
President Barack Obama has unveiled plans to limit the size and scope of US banks and financial firms in a new offensive against Wall Street excesses.
Wall Street headed for a big drop on Monday, one that could hurl the Dow Jones industrials below 7 000, after AIG posted a ,7-billion loss.
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/ 24 February 2009
Europe and Asia joined Wall Street’s sell-off on Tuesday, sending world stocks to their lowest since April 2003.
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/ 17 January 2009
Bruised and battered at the start of 2009, Wall Street looks ahead to the inauguration of Barack Obama as president with hope.
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/ 27 December 2008
As the US stock market heads into the last week of the year, what was inconceivable just 12 months ago is now a stark possibility.
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/ 15 December 2008
Top world financial groups on Monday revealed massive potential losses from an alleged scam run by Wall Street trader Bernard Madoff.
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/ 22 November 2008
Wall Street enters the year-end holiday season this week with little to cheer about as the worst bear market in decades appears to be grinding on.
Abby Cohen knew she was talking to a group of senior business leaders from around the world, and was trying to bludgeon some confidence into the room.
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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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/ 14 October 2008
The relatively high economic growth between 2003 and 2007 is not sustainable and has been harmful for the future health of the economy.
It was a bad plan — but it was a plan. The refusal of the US House of Representatives to back Hank Paulson’s bail out takes us into new territory.
Emergency rescue plan to go back to the House of Representatives.
South Africa is not immune to global market turmoil, much as we would like to think otherwise.
The world’s financial markets remain at the eye of a perfect economic storm. The architects of this almighty financial sell-off? The banks themselves.
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/ 23 September 2008
If this is the death of Wall Street as we know it, the tombstone will read: killed by complexity.
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/ 22 September 2008
A world equities rally mostly stalled on Monday as investors questioned whether the much-vaunted US rescue plan would resolve a global crisis.
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/ 21 September 2008
The JSE lost 7% in the first three days of this week as the world faced the biggest financial meltdown since 1929.
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/ 19 September 2008
Who’s to blame? Indebted Americans? Alan Greenspan? Slack credit rating agencies? Greedy and overpaid chief executives?
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/ 16 September 2008
White House candidates Barack Obama and John McCain promised on Monday to move quickly to reform Wall Street.
Speaking at a Houston fundraiser last week, George Bush aired his considered opinion of the financial crisis facing the nation he leads.