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- THE PROVERBIAL LINE IN THE SAND drawn by the federal official against a government bailout of Lehman Brothers (ticker: LEH) last weekend was swept away Tuesday by concerns about a veritable tsunami of losses that could have followed by a bankruptcy ...
- Sept. 17 (Bloomberg) -- Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout since the country's debt default and currency devaluation a decade ago. The ruble ...
- Wednesday, September 17, 2008 "It kicks that can down the alley," the governor said during a news conference at the state Capitol. "And if that wasn't bad (enough), on top of that to give me ... a fake budget reform." The budget, which would bridge a ...
- A resurgence in the global credit crisis is pushing up dollar funding costs in Asia, with countries such as South Korea and India among the most vulnerable to the squeeze that is exacerbating a slide in their currencies. The South Korean won hit a ...
- The Federal Reserve agreed to an unprecedented 85-billion-dollar loan to American International Group to avert a collapse expected to lead to a global financial calamity. The deal sealed in a late evening agreement Tuesday gives the US government a ...
- BANGKOK, Sept 17 (Reuters) - Thailand's banking system is strong and has no liquidity problems despite the volatility in global markets after the failure of Lehman Brothers , Bank of Thailand Governor Tarisa Watanagase said on Wednesday. 'Thai banks ...
- At a time when banks and builders are struggling for survival, two developers are seeking government approval for Miami Worldcenter -- a nine-block, 25-acre mixed-use project that would be Miami's biggest urban development in years. The multibillion ...
- The US dollar strengthened against a basket of currencies. The US dollar edged higher against a basket of currencies after the August Consumer Price Index dropped 0.1 % which was in line with forecasted expectations. This decline was the first in ...
- The Federal Reserve agreed to an unprecedented 85-billion-dollar loan to American International Group to avert a collapse expected to lead to a global financial calamity. The deal sealed in a late evening agreement Tuesday gives the US government a ...
- WASHINGTON: The Federal Reserve agreed Tuesday to an unprecedented 85-billion-dollar loan to American International Group to avert a collapse expected to lead to a global financial calamity. The deal sealed in a late evening agreement gives the US ...
- NEW YORK : The dollar rose Tuesday afternoon in New York after the Federal Reserve left its key interest rate unchanged at 2 percent. Analysts had speculated the Fed might cut rates after the turmoil in the banking sector and the struggles of ...
- The insurer has suffered $18 billion of losses in the last three quarters tied to guarantees it wrote on mortgage-linked derivatives. It ended June with $1.05 trillion of assets.
- The country’s stock market woke up to a rude shock on Monday, as did bourses across the world, with US investment giant Lehman Brothers saying it had gone bankrupt amid what is seen as one of America’s worst credit crises. Lehman's move to file ...
- TOKYO, Sept 17 (Reuters) - The dollar jumped against the yen on Wednesday after the Federal Reserve rescued insurer American International Group easing fears about a financial system crisis. The Fed said it would lend up to $85 billion to AIG, once ...
- The Bank of Japan injected 2.5 trillion yen ($24 billion) into markets Tuesday as Japan scrambled to calm fears about a financial crisis after U.S. investment bank Lehman Brothers filed for bankruptcy. Financial Services Minister Toshimitsu Motegi ...
- The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. faced the prospect of liquidation and Merrill Lynch & Co. was close to a deal to sell itself to Bank of America Corp. The U.S. government, which bailed out ...
- In this July 25, 2008 file photo, General Motors Corp. headquarters are shown in Detroit. As GM approaches its 100th anniversary on Tuesday, Sept. 16, 2008, the company that was once the nation's largest employer faces a crisis like no other in its ...
- The key averages ended little changed today. The Dow fell nearly 12 points, while the S&P gained two and a-half points and the Nasdaq composite added three points. Today's report from the government shows retail sales continuing to decline. The ...
- NEW YORK (AP) - Washington Mutual Inc. shares bounced around wildly Friday, as the bank's assurances that it has enough capital to survive the credit crisis rallied some investors but failed to impress debt ratings agencies Moody's and Fitch. Jittery ...
- After seeing its share price plunge by 52% in two days, Lehman Brothers Holdings Inc. rushed out a plan to shed assets and shore up its finances. Yet the stock wound up even lower, with some analysts warning that the Wall Street firm could suffer ...
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