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Fed, central banks cut rates to aid world economy
In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown.
Nations:Switzerland Germany Sweden Japan France Canada People:Ben Bernanke Barack Obama John McCain Activities:2007 Global Credit Crunch
2008-10-08
Fed orders emergency rate cut to 1.5 percent
The Federal Reserve, acting in coordination with other global central banking authorities, cut a key U.S. interest rate by half a percentage point Wednesday to steady an economy teetering on a collapse reminiscent of the 1929 stock market crash.
People:Ben Bernanke Activities:2007 Global Credit Crunch
2008-10-08
Stocks zigzag, end lower after emergency rate cut
A stock market empowered by an emergency interest rate cut tried to find some stability Wednesday, rallying several times before another late-day drop left Wall Street down for the sixth straight day. Still, the pullback, while fed by comments from Treasury Secretary Henry Paulson, was milder than the massive declines of earlier in the week.
Nations:Germany Russia Japan France Canada People:Henry Paulson Activities:U.S. Markets
2008-10-08
European markets tumble after Asian slide
European markets tumbled in early trading Wednesday amid ongoing fears about the state of credit markets despite the British government's 50 billion pound ($87.5 billion) rescue package for the banking system. In Asia, Japan's Nikkei suffered its worst day since the 1987 stock market crash.
Nations:Russia India South Korea France Germany Japan Activities:Asian Markets European Markets
2008-10-08
Europe governments go their own way on crisis
LONDON - Individual European governments issued a cascade of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year.
Nations:Germany France U.K. Iceland Denmark Sweden People:Angela Merkel Activities:2007 Global Credit Crunch
2008-10-06
| Headlines |
- Fed, central banks cut rates to aid world economy 2008-10-08
- Fed orders emergency rate cut to 1.5 percent 2008-10-08
- Stocks zigzag, end lower after emergency rate cut 2008-10-08
- European markets tumble after Asian slide 2008-10-08
- Europe governments go their own way on crisis 2008-10-06
- Europeans scramble to save failing banks 2008-10-05
- Fed makes billions available to battle crisis 2008-09-29
- Britain nationalises second bank as turmoil deepens 2008-09-29
- Fed makes billions available to battle crisis 2008-09-29
- ECB renews loans of $40 bln, says demand is lighter 2008-09-24
- US Fed throws $30 billion into foreign credit markets 2008-09-24
- G7 backs US rescue measures in financial crisis 2008-09-22
- Radical bailout plan has a jawdropping price tag 2008-09-19
- World markets soar on possible US rescue package 2008-09-19
- Fed, central banks move to boost global confidence 2008-09-18
- Fed, central banks move to boost global confidence 2008-09-18
- Morgan Stanley in talks as fear grips financials 2008-09-18
- Central banks turn on funding taps to tackle market squeeze 2008-09-18
- Global markets turbulent, but Wall Street rebounds 2008-09-16
- Dollar slides against yen on global financial turmoil 2008-09-16
- Central banks strain to contain market crisis 2008-09-16
- Stocks tumble amid new Wall Street landscape 2008-09-15
- Lehman bankruptcy shakes world financial system 2008-09-15
- Wall Street awakes to 2 storied firms falling 2008-09-15
- World markets tumble on Lehman news 2008-09-15
- Paulson vows to maintain stability of US financial markets 2008-09-15
- BofE holds rates steady, ECB expected to do same 2008-09-04
- Euro strikes six-month dollar low 2008-09-02
- ECB's Trichet says still in market correction 2008-08-23
- British business body warns of recession risk 2008-08-17
- UK inflation climbs to 4.4 percent in July 2008-08-12
- Oil sinks on stronger dollar to $115 a barrel 2008-08-09
- Bank of England holds rates as economy falters 2008-07-10
- On London: Hunt is on for a strategy to outwit the inflation beast 2008-06-21
- Economic gloom abounds, except in UK shops 2008-06-19
- British inflation hits 16-year high in May 2008-06-17
- ECB, Bank of England expected to keep rates steady 2008-06-05
- Dollar edges higher against euro 2008-06-04
- Euro climbs versus dollar after mixed data 2008-05-20
- US, European central banks step up credit crisis battle 2008-05-02
- Reeling RBS seeks record 12 billion pounds from shareholders 2008-04-22
- Bank of England unveils credit crunch package 2008-04-21
- Weber says ECB must act if inflation stays high 2008-04-19
- Inflation hits consumers worldwide 2008-04-11
- BoE cuts rate, ECB holds steady 2008-04-10
- EU probes Northern Rock bailout 2008-04-02
- First Direct withdraws mortgages to new customers 2008-04-02
- Northern Rock results to reveal plunging profits 2008-03-30
- Central banks in mortgage crisis talks: report 2008-03-22
Matches Shown: | 1-50 | 51-100
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