The rand is being sucked into the eurozone maelstrom as investors exit emerging markets.
House buyers, savers and pensioners are feeling the pinch of fiscal measures.
SA new vehicle sales declined by 28,3% in November compared to the same month last year, in another sign that interest rates are taking their toll.
Leaders closed ranks on Saturday to try to bolster the confidence of investors fearful that the credit crunch is mutating into a worldwide recession.
A US bankruptcy judge has approved a revised version of British bank Barclays’s deal to purchase the core US business of Lehman Brothers.
An official "watch list" of potentially troubled US banks has lengthened from 90 to 117 as the credit crunch wreaks havoc.
The Bank of England’s new deputy governor warned on Monday that the global financial slowdown could "drag on for some considerable time".
Ben Bernanke has boosted shares on both sides of the Atlantic when he said the fight against inflation was being aided by falling commodity prices.
Fannie Mae slumped to a quarterly loss of ,3-billion after the housing market came down ”fast and hard”, prompting huge liabilities.
A survey of 5 000 businesses reveals less investment and more job cuts, write Kathryn Hopkins and David Gow in London.
The dotcom bust shook the world almost a decade ago, last year the credit crunch seized up markets, and now an oil price bubble may cause more havoc.
