Business - Economy & Trade
Greenspan 'Shocked' at Credit System Breakdown
Oct 23, 2008, 5:00 pmFormer U.S. Federal Reserve Chairman Alan Greenspan told the U.S. Congress he is "shocked" at the credit breakdown and that he was "partially" wrong to resist regulation of some securities.
What Caused the Financial Crisis?
Oct 23, 2008, 1:00 pmBusiness commentary explores possible reasons for the economic crisis.
Automakers Fear Bleak 2009 as Demand Plunges
Oct 23, 2008, 11:00 amAutomakers in Europe and South Korea forecast bleak times as U.S. firms began a round of closures and job cuts.
Fed Offers $600 Billion for Money Market Funds
Oct 22, 2008, 12:00 pmThe U.S. Federal Reserve on Tuesday announced a new plan to buy up to $600 billion from money market funds in an effort to unfreeze the short-term lending market.
Moving Wall Street to Washington
Oct 22, 2008, 12:00 pmMarket intervention by U.S. and foreign governments show changes in the global financial environment.
Beaujolais Winemakers Want to Lose Plonk Image
Oct 19, 2008, 10:00 amMakers of vintage wine from France's Beaujolais region have launched a campaign to improve their image.
Oil Down, OPEC Hawks Expect Supply Cut
Oct 17, 2008, 4:00 pmOPEC will meet next Friday to discuss possible oil supply cuts.
Risky Hedge Funds Routed in September
Oct 17, 2008, 12:00 pmThe global hedge fund industry experienced one of its worst months in September.
EU Bailouts to Cost $2.3 Trillion
Oct 15, 2008, 8:00 pmEU leaders gathered in Brussels on Wednesday for a two day summit to discuss the ongoing credit crisis and hammer out the details on a Euro zone bailout plan.
Europe Copes With Credit Crisis
Oct 13, 2008, 6:00 amThe financial turmoil which began on Wall Street has across the Atlantic Ocean to the European continent.
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