Diplomats: N. Korea lifts ban on nuke inspections
North Korea has lifted its ban on U.N. nuclear inspectors and is again allowing them access to the plutonium-producing plant it used to set up an atomic test explosion, diplomats said Monday.
Nations:North Korea South Korea Russia Japan People:Kim Jong Il Activities:Korea Nuclear Crisis Source:(AP)
2008-10-13
US moves to get $700B bank rescue effort started
The Bush administration said Monday it is moving quickly to implement a $700 billion rescue program, including consulting with private law firms on how to buy ownership shares in banks to help thaw frozen lending and get the economy moving again.
Nations:India Brazil France Mexico People:Gordon Brown Henry Paulson Ben Bernanke Activities:2007 Global Credit Crunch
2008-10-13
China's communists set to approve key land reforms
China's ruling Communist Party was expected Sunday to approve a major economic reform plan that would let farmers trade and mortgage their right to land and bolster the nation's food security.
Nations:China People:Hu Jintao Activities:2008 CCP 17th Congress China Economic Reform Source:(AFP)
2008-10-12
NKorea to resume dismantling nuclear facilities
North Korea said Sunday it will resume dismantling its main nuclear facilities, hours after the U.S. removed the communist country from a list of states Washington says sponsor terrorism.
Nations:North Korea Japan South Korea Russia People:Christopher Hill Activities:Korea Nuclear Crisis North Korea-U.S. Source:(AP)
2008-10-12
Developing countries feeling fallout from meltdown
Searching for ways to tackle the unfolding economic crisis, global finance ministers are turning attention to the fallout in developing countries and poor nations.
Nations:India Brazil France Egypt China People:Henry Paulson Robert Zoellick Ben Bernanke Activities:2007 Global Credit Crunch Group of Eight
2008-10-12
NKorea off US blacklist after nuke inspection deal
After North Korea relented on nuclear inspection demands, the U.S. on Saturday erased from a terrorism blacklist the communist country President Bush once branded part of an "axis of evil."
Nations:South Korea Japan Russia North Korea People:Christopher Hill Barack Obama John McCain Condoleezza Rice Kim Jong Il Activities:Korea Nuclear Crisis North Korea-U.S. Source:(AP)
2008-10-11
Bush, allies pledge joint action on global crisis
President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
Nations:Germany U.K. France India Brazil Italy People:Henry Paulson Joseph Biden Barack Obama John McCain Activities:2007 Global Credit Crunch Bush Admin.
2008-10-11
Stocks end worst week mixed after wild session
Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Investors were still agonizing 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.
Nations:Japan Russia France Activities:2007 Global Credit Crunch U.S. Markets
2008-10-10
European markets plunge again; Nikkei plummets
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.
Nations:Japan India Russia Germany Philippines France Activities:2007 Global Credit Crunch Japanese Markets European Markets Source:(AP)
2008-10-10
Oil plummets below $83 on global slowdown fears
Oil prices plummeted to a one-year low below $83 a barrel Friday in European trading as investor fears of a severe global economic downturn caused by the crisis in credit markets sparked a panicked sell-off of both crude and equities.
Nations:Australia Germany Japan Activities:2007-8 Oil Crisis Source:(AP)
2008-10-10
Sources: US nears removing NKorea from terror list
The Bush administration is nearing a decision to remove North Korea from a terrorism blacklist and may do so as early as Friday in a bid to salvage faltering nuclear disarmament talks, The Associated Press has learned.
Nations:South Korea North Korea People:Christopher Hill Activities:Korea Nuclear Crisis North Korea-U.S. Source:(AP)
2008-10-10
European markets recover lost ground
European markets on Thursday recovered some of Wednesday's hefty losses after a relatively steady performance in Asia overnight, with British banking stocks in particular enjoying a strong rally in the wake of the government's 500 billion pound ($865 billion) rescue plan.
Nations:U.K. Germany France South Korea Iceland Luxembourg Activities:European Markets 2007 Global Credit Crunch Source:(AP)
2008-10-09
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