Business »
News By Industry » Banking & Finance News
Banking & Finance News
Sun, 12 Oct 2008 01:44 PM
Saudi Arabia should deploy emergency measures, such as buying into falling stocks or allowing share buybacks, to spare ordinary citizens losses from weeks of bourse declines, a royal adviser said on Sunday. The Arab world's worst performing stock market closed on Saturday at its lowest level in more than four years ami...
Sun, 12 Oct 2008 09:43 AM
World powers vowed to keep a united front to solve the financial crisis as the IMF warned that the global system was on the brink of meltdown ahead of new European crisis talks in Paris on Sunday.
Sun, 12 Oct 2008 07:13 AM
The Australian government will guarantee all deposits held in domestic financial institutions for the next three years, Prime Minister Kevin Rudd said Sunday.
Sun, 12 Oct 2008 05:58 AM
The global financial crisis will hurt Australia's economic growth but it is too early to say by how much, Treasurer Wayne Swan said Sunday.
Sun, 12 Oct 2008 03:28 AM
The world's leading powers pledged to band together to tackle the financial crisis at an emergency meeting Saturday after a warning from the IMF that the global system was on the brink of meltdown.
Sun, 12 Oct 2008 12:58 AM
French Economy Minister Christine Lagarde said Saturday that eurozone countries would discuss the possibility of guaranteeing interbank lending at a meeting on Sunday.
Sat, 11 Oct 2008 11:43 PM
South Africa's central bank governor Tito Mboweni warned Saturday that slowing economic growth linked to the financial crisis risked pushing tens of millions into poverty in Africa.
Sat, 11 Oct 2008 11:43 PM
Sovereign wealth funds, the state investment vehicles that are flourishing during a boom in commodities prices, could play a role in the current financial crisis, World Bank chief economist Justin Lin said Saturday.
Sat, 11 Oct 2008 11:43 PM
Iceland sought Saturday to allay the fears of European depositors in its Britain-based online bank Icesave whose collapse this week triggered a bitter clash with London.
Sat, 11 Oct 2008 11:43 PM
IMF head Dominique Strauss-Kahn hailed the first global coordination to tackle the financial crisis on Saturday, saying all 185 members of the institution had signed up to an action plan.