Business and Finance News
- U.S. stocks in roller coaster ride
Calcutta News.Net
Facing a wall of worry around the world, it was a breathtaking few minutes when Wall Street opened Friday.
- Australian dollar crashes to .63 cents
Calcutta News.Net
The freefall in the Australian dollar continued Friday.
- European equities under pressure
Calcutta News.Net
European bourses were sharply lower Friday, following substantial falls on Asian markets, and Wall Street.
- Asian share markets slide over Wall Street worries
Calcutta News.Net
Stocks in Asia fell Friday, a day after major falls on Wall Street.
- Analysts look to the G20 for guidance
Calcutta News.Net
Economic analysts from around the world are hoping to see a global response from this weekend's G20 meeting.
- Russia gives approval for $86 billion bank rescue
Calcutta News.Net
Trade on Russian stock exchanges continued to be suspended on Friday as the Duma debated and approved measures worth $86 billion to assist banks bogged down by the credit freeze.
- Brown says the world has to re-think the economy
Calcutta News.Net
UK Prime Minister, Gordon Brown, has recommended to world governments that they follow Britain's lead by supporting their own struggling banks.
- Hyper-inflation creates hungry nation
Calcutta News.Net
With inflation of at least 231 million percent a year in their country, some Zimbabweans are facing a hungry year.
- Baby boomers just want a quiet life
Calcutta News.Net
Britain's post-war baby boomers want to retire in the traditional way.
- IMF says the world needs to fully cooperate in economic crisis
Calcutta News.Net
International Monetary Fund managing director, Dominique Strauss-Kahn, has claimed the US financial crisis has put the world on the brink of a recession that can only be resolved through international cooperation.
- Citigroup gives up on Wachovia
Calcutta News.Net
US financial giant Citigroup has said it will no longer seek to exclude Wells Fargo from taking over troubled bank Wachovia.
- UK government pledges to save customers from Iceland collapse
Calcutta News.Net
The UK Government has pledged to take action against Icelandic authorities to recover investors' money, tied up in Iceland's failed banks.
- US states cut back on jobs and infrastructure
Calcutta News.Net
Dozens of US states have announced another round of emergency spending cuts on top of deep cutbacks earlier in the year.
- Wal-Mart announces cheap toys for Christmas
Calcutta News.Net
In the US, major retailer, Wal-Mart, has announced cuts over most of its Christmas range.
- US stocks plummet further; Dow below 9,000 points
Calcutta News.Net
US stocks plummeted again Thursday and the Dow Jones Industrial Average dropped below 9,000 points for the first time in five years, as a series of US and global efforts to tackle the financial crisis have failed to calm investors.
- Now is the time to opt for safety rather than chase high returns
Guardian
World stockmarkets are showing signs of panic selling. The global financial system is looking extremely fragile and we are heading for an international recession. There are no riots in the streets...
- Traders on Wall Street say the past 2 weeks are the worst they
Canadian Business
Dan Strumpf 2008 - 6:57 p.m. "There's nothing that's come anywhere near this." Alan Valdes, a trader for brokerage and financial services firm...
- Will cheap gas bring return of gas-guzzling
MSNBC
Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways?
- Microsoft raises Xbox 360 forecast for Japan
Hispanic Business Magazine
Microsoft Corp said on Thursday sales of its Xbox 360 video game console are surpassing its own projections in Japan, and the company is revising up its shipment...
- Top economic powers endorse plan to battle financial crisis
Star Tribune
Finance officials from the world's top economic powers endorsed a sweeping plan Friday to stem the worst financial crisis in more than a half-century. The officials from the Group of...
- Wall St rallies to close down 1.5pc
Yahoo!7 News
Wall Street. Just after the opening bell the Dow Jones Industrial Average had plunged nearly 700 points. A burst of buying then sent it rocketing more than 100 points ahead. It then slipped back...
- FDIC approves $250,000 insurance limit
San Diego Union-Tribune
Seen your credit card limit cut? Been turned down for an auto loan? Let us know how the credit crunch is affecting you. Call Jennifer Davies at 619-293-1373...
- G7 pledges urgent, decisive action as markets reel
Financial Post
Wealthy Boomer columnist Jonathan Chevreau interviews Sherry Cooper, executive vice-president, Global Economic Strategist, BMO Financial Group and chief economist, BMO Capital Markets & BMO...
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