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News Source: The Scotsman
| 2 months ago
massive sell-off on Wall Street and escalating fears of a global recession sent world markets plunging today. Japan's key index shed nearly 10% to end its worst week in history. Despite recent moves by the world's central banks to thaw frozen credit...
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News Source: The Boston Globe
| 2 months ago
The world's economic powers faced huge pressure on Friday to contain the financial crisis as panic selling swept through European and Asian markets amid growing fears of a global economic recession. With financial policy makers from the Group of...
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News Source: Canadian Broadcasting Corporation
| 2 months ago
orld stock markets plunged on Friday amid a massive selloff of stocks and escalating fears about a global recession. Japan's benchmark Nikkei 225 index tumbled 881.06 points, or 9.6 per cent, on Friday to 8,276.43, its lowest closing level since May...
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News Source: Inquirer.net
| 2 months ago
The world's economic powers faced huge pressure on Friday to devise drastic remedies to revive the banking system and end panic selling in global financial markets. Finance ministers and central bankers from the Group of Seven nations meet in...
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News Source: BDNews24
| 2 months ago
Fearful selling clenched Asian markets on Friday after U.S. stocks plunged, heaping pressure on economic powers to halt a global spiral of financial distress and slowing growth. With financial policy makers from the Group of Seven major industrial...
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News Source: New Zealand Herald
| 2 months ago
Sharemarkets across Asia plunged yesterday as frantic investors dumped stocks following massive losses on Wall Street and on growing fears of a deep global recession. In Japan the benchmark Nikkei 225 index was down 9.6 per cent at 8276 in by the...
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News Source: The Daily Telegraph
| 2 months ago
As stock exchanges from Tokyo to London to New York were sucked deeper into the turmoil, Bush blamed "uncertainty and fear" for much of the global financial meltdown but promised the crisis will be controlled. "Anxiety can feed anxiety and that can...
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News Source: The Age
| 2 months ago
Investors still were agonising over frozen credit markets, but seven days of massive losses and the possibility of further government support for the markets tempted some investors late in the session...The Standard & Poor's 500 index fell 10.70 or 1.
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News Source: The Guardian
| 2 months ago
Chancellor Alistair Darling wants G7 to follow Britain's blueprint. Photograph: Anthony Devlin/PA A crisis meeting of finance ministers and central bank governors from the west's seven leading economies is considering joint action to bail out banks...
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News Source: The Examiner
| 2 months ago
European stock markets slumped in early trading Friday following massive sell-offs on Wall Street and Asia as lending rates between banks continue to rise despite this week's efforts by central banks to break the logjam in credit markets. British...