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Archive for October 11th, 2008IMF head hails global coordination to fight financial crisisPosted by UK Economy News
In UK financial news
11Oct 08 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.
Read full story South Africa central bank warns of poverty from financial crisisPosted by UK Economy News
In UK financial news
11Oct 08 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.
Read full story Comments Off Top finance officials claim progress in tightening rulesPosted by UK Economy News
In UK financial news
11Oct 08 An international group of finance leaders claimed progress Saturday in implementing an agreed tightening of rules even as the crisis in the markets reached unprecedented depths and intensity.
Read full story Comments Off Iceland in bank talks with Britain, reaches deal with DutchPosted by UK Economy News
In UK financial news
11Oct 08 Iceland made significant progress Saturday in resolving a clash with Britain over funds frozen in the online bank Icesave, while reaching a deal with the Netherlands to reimburse Dutch depositors.
Read full story Comments Off US and allies united on crisis: BushPosted by UK Economy News
In UK financial news
11Oct 08 US President George W. Bush said Saturday the world's richest economies were united on a "serious global response" to the financial meltdown, as the eurozone countries prepared for a crisis summit.
Read full story Comments Off AIG’s gallows humour gives bankers a laughPosted by UK Money News
In UK financial news
11Oct 08 Insurance giant American International Group , on the receiving end of a multi-billion dollar bailout from the U.S. Federal Reserve, was trying hard on Saturday to look on the bright side of life.
Read full story Comments Off AIG’s gallows humour gives bankers a laughPosted by UK Money News
In UK financial news
11Oct 08 Insurance giant American International Group , on the receiving end of a multi-billion dollar bailout from the U.S. Federal Reserve, was trying hard on Saturday to look on the bright side of life.
Read full story Comments Off Top Chinese official criticizes rich countries over crisisPosted by UK Economy News
In UK financial news
11Oct 08 A top Chinese official criticized rich nations for the problems in the global financial system on Saturday and called on them to "shoulder the responsibility" of preventing more fallout.
Read full story Comments Off France and Germany vow unity in face of crashPosted by UK Economy News
In UK financial news
11Oct 08 French President Nicolas Sarkozy and German Chancellor Angela Merkel vowed Saturday to work together on the eve of a key meeting aimed at forging a united European response to the financial crisis.
Read full story Comments Off IMF, World Bank look for way out of global financial crisisPosted by UK Economy News
In UK financial news
11Oct 08 The International Monetary Fund and the World Bank held their annual meetings in Washington Saturday in the thick of global financial chaos that has governments struggling to find a way out.
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