Reuters - South Korea on Monday cut interest rates by a record 75 basis points and pledged more spending and tax cuts next year to try to keep the global financial storm at bay, but the measures failed to convince investors.
Original post by and software by
Reuters - The Group of Seven rich nations tried to cool a rally in the yen with a warning against volatility on Monday as Tokyo scrambled to shield its largest banks from a spiraling global financial crisis.
Original post by and software by
AP - Japan's stock market had a miserable Monday, with the key stock index plunging more than 6 percent to its lowest close in more than a quarter century as investors grew increasingly gloomy about the outlook for the world's No. 2 economy.
Original post by and software by
Reuters - Japanese stocks tumbled to 26-year lows on Monday and most other Asian markets fell heavily in chaotic trade as investors feared a flurry of central bank moves would not be enough to stave off a global recession.
Original post by and software by
Reuters - Asian shares extended losses on Monday, with Japan's Nikkei briefly hitting its lowest since 1982, as central bank policy moves including a record rate cut in South Korea were not enough to allay fears of a global recession.
Original post by and software by
Reuters - South Korea on Monday delivered its largest ever interest rate cut and pledged more spending and tax cuts next year to help economic growth, already at a four-year low and likely to be hit further by the global financial storm.
Original post by and software by
Reuters - British Prime Minister Gordon Brown has hinted at the possibility that lower inflation thanks to falling oil prices could prompt central banks around the world to make more joint interest rate cuts, the BBC reported.
Original post by and software by
Reuters - The Group of Seven warned the surging yen posed a threat to financial and economic stability on Monday in the latest coordinated effort by the world's richest nations to contain worst financial crisis in 80 years.
Original post by and software by
Reuters - Japan pledged fresh measures on Monday to try to shield the world's second-biggest economy from the global financial crisis and said the Group of Seven would issue a joint statement on the yen.
Original post by and software by
AP - In a typical recession, stocks start recovering about six months before the economy does. The crisis we're in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening on a massive scale, and economic troubles have spread all over the globe.
Original post by and software by
Recent Comments