August 17th, 2011
THE Australian share market closed higher today, buoyed by bargain-hunters who helped to make up ground from the previous day’s loss.
Official figures showing slower than expected wages growth helped calm inflationary expectations and also provided a boost for investors.
At 16:15 (AEST) the benchmark [...]
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August 11th, 2011
French bankers and officials scrambled to calm nerves on Thursday after two days of whipsaw trading that saw their banks’ market value fall and rise by billions of euros.By late in the day those efforts appeared to settle markets jittery about the health of French banks and [...]
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August 11th, 2011
Economists looked by MarketWatch had expected the Labor Department to report an increase in initial claims, to 410,000.Trading in U.S. stock futures followed a choppy pattern with investors on edge after the previous session’s plunge, while shares of Cisco Systems Inc. [...]
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August 5th, 2011
Two years after the last recession ended, Wall Street is showing rising fear that the U.S. economy could be headed for a new downturn.Stock prices plummeted in the U.S. and Europe on Tuesday, driving the Dow Jones industrial average to its lowest level since March and to its longest losing streak — eight straight sessions [...]
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October 12th, 2008
The following is President Bush’s statement Saturday on the financial crisis, as released by the White House. He spoke in the Rose Garden after meeting with financial ministers from the G-7 nations:
Thank you all very much. Good morning. [Treasury] Secretary [Henry] Paulson, Secretary [of State Condoleezza] Rice and I just had a productive discussion with [...]
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October 12th, 2008
WASHINGTON — President Bush and the world’s financial leaders staged repeated displays of unity Saturday to combat an unfolding credit crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
While there were no concrete offers of new moves made on Saturday, Mr. Bush pledged anew that his administration was doing [...]
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October 11th, 2008
Smaller businesses are now starting to feel the effects of the financial crisis
IN these tough times Philip Fairey is getting used to hearing about his clients “doing a runner”. But a few days ago was the first time he caught one of them in the act.
“We got this message from someone who had been driving [...]
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October 11th, 2008
US stock markets have suffered their worst week on record following another torrid day of trading despite growing hopes that the government could step in to guarantee bank deposits and lending between financial institutions.
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October 11th, 2008
TORONTO (Reuters) - The main index of the Toronto Stock Exchange plunged almost 5 percent on Thursday as mounting gloom over the state of the economy and the U.S. financial sector sent investors fleeing the market in a broad rout.
The financial sector was the biggest drag on the benchmark, sliding 7.74 percent. The energy and [...]
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