People walk as screens show movements of monthly stock price index (L) and a daily stock price index at the Korea Exchange in Seoul October 27, 2008. 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. (Lee Jae-Won/Reuters)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 Reuters and software by Elliott Back

An employee (L) of the Korea Exchange (KRX) talks with visitors in front of an electronic sign showing the stock price index at the KRX in Seoul October 27, 2008. (Lee Jae-Won/Reuters)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 Reuters and software by Elliott Back

Traders on the Tokyo Foreign Exchange watch the new yen rate against U.S. dollars in Tokyo Monday, Oct. 27, 2009. The yen has surged against the dollar in recent days, hitting the 90-yen level on Friday — a 13-year high against the greenback. On Monday in Tokyo, the dollar stood at 93.27 yen, down from 94.24 yen. (AP Photo/Koji Sasahara)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 AP and software by Elliott Back

on October 27th, 2008

A man carrying a box walks past a wall displaying the stock market prices inside a securities company in Taipei October 27, 2008. (Nicky Loh/Reuters)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 Reuters and software by Elliott Back

A man walks past a board flashing the index of the Tokyo Stock Exchange in front of a securities company in Tokyo. Asian markets opened sharply down after another heavy rout on Wall Street, as the US called on the G-20 countries to meet in Washington on the global financial crisis.(AFP/Toru Yamanaka)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 Reuters and software by Elliott Back

South Korea's President Lee Myung-bak speaks at parliament in Seoul October 27, 2008. (Lee Jae-Won/Reuters)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 Reuters and software by Elliott Back

Britain's Prime Minister Gordon Brown (L) and Finance Minister Alistair Darling stand on the steps of 10 Downing Street, in central London October 20, 2008. (Andrew Winning/Reuters)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 Reuters and software by Elliott Back

on October 27th, 2008

Traders work on the floor of the New York Stock Exchange October 24, 2008. (Brendan McDermid/Reuters)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 Reuters and software by Elliott Back

on October 26th, 2008

A staff at Tokyo Stock Exchange looks at a stock quotation board as he works at the bourse in Tokyo October 27, 2008. (Issei Kato/Reuters)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 Reuters and software by Elliott Back

Traders work on the floor of the New York Stock Exchange, October 23, 2008. (Brendan McDermid/Reuters)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 AP and software by Elliott Back

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