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Tue, 14 Oct 2008 02:58 AM
Japan's government on Tuesday announced measures aimed at stabilising the ailing stock market, including a loosening of restrictions on companies buying back their own shares.
Tue, 14 Oct 2008 02:58 AM
Japan's government on Tuesday announced measures aimed at stabilising the ailing stock market, including a loosening of restrictions on companies buying back their own shares.
Tue, 14 Oct 2008 12:28 AM
Global stock markets staged spectacular gains Monday as governments pumped hundreds of billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors to buy shares.
Mon, 13 Oct 2008 08:43 PM
The US Treasury named Chicago firm EnnisKnupp Monday as its investment adviser on a 700 billion dollar bailout plan which will see the government buy toxic assets from the banks in an effort to get them lending again.
Mon, 13 Oct 2008 03:43 PM
Mitsubishi UFJ Financial Group has bought a 21 percent stake in Wall Street bank Morgan Stanley for nine billion dollars, the companies said Monday.
Mon, 13 Oct 2008 03:43 PM
Global stock markets soared on Monday as governments across the world pumped billions of extra dollars into banks crippled by the credit crunch.
Mon, 13 Oct 2008 02:28 PM
French rogue trader Jerome Kerviel, accused of gambling away billions of euros at Societe Generale, is a "very minor player" compared to the mega-losses run up by banks in the global financial crisis, his lawyers said Monday.
Mon, 13 Oct 2008 02:28 PM
European governments launched a multi-pronged attack to combat the financial crisis Monday, approving hundreds of billions of dollars in loans and buying into banks in a move to end panic on the markets.
Mon, 13 Oct 2008 01:29 PM
Economic growth in the UAE is forecast to slow to 2.7 percent in 2009 from a predicted 4.8 percent this year as the global economic slowdown and credit crunch stunts growth in the Gulf state, Standard Chartered said on Monday. The lender said growth in Saudi Arabia is expected to drop to 2 percent next year, while in Q...
Mon, 13 Oct 2008 01:29 PM
Investors are shying away from buying off-plan developments in the UAE amid the global financial crisis, according to a mortgage expert. With foreign and local investors displaying more caution than usual, an active off-plan market - which has been known to drive up real estate prices – is expected to slow down, saidd ...