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Recession fears send world markets down
LONDON - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
Nations:Italy South Korea Australia Activities:Asian Markets European Markets Source:(AP)
2008-11-20
French govt pours 10 bln euros into six banks
PARIS (AFP) - The French government will inject 10.5 billion euros (14 billion dollars) into the country's six biggest banks, Finance Minister Christine Lagarde said on Monday.
Nations:France People:Nicolas Sarkozy Activities:Global Financial Crisis Source:(AFP)
2008-10-20
Fortis shares resume trading down over 60%
Shares in Fortis bank were worth barely two euros when they resumed trading Tuesday for the first time since the group was broken up earlier this month, down over 60 percent from the previous closing price.
Nations:Netherlands Luxembourg France Activities:Global Financial Crisis Source:(AFP)
2008-10-14
Deepening finance crisis causes global market panic
PARIS (AFP) - Desperate new measures by governments in Europe and North America to stabilise the financial system failed to stop panic selling that swept global markets Monday amid deepening gloom at the scope of the banking crisis.
Nations:France Germany Luxembourg Portugal Denmark Brazil People:Nicolas Sarkozy Gordon Brown George W. Bush Activities:Global Financial Crisis U.S. Markets
2008-10-06
Shareholders threaten legal action over Fortis bailout deal
BRUSSELS (AFP) - Fortis shareholders on Monday mulled legal action after French bank BNP Paribas agreed a deal with the Belgian and Luxembourg governments to carve up the troubled finance group.
Nations:Netherlands Luxembourg France Activities:Global Financial Crisis Source:(AFP)
2008-10-06
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