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Easy to come by and easy to chalk up a huge debt. With credit cards within the reach of just anybody, the temptation to spend and then suffer is a growing cause for concern.
Despite the irresistible scenery of the Alps'snow-capped mountains beckoning in the distance,delegates at the World Economic Forum had moresober thoughts as they sized up the challenges facingthe global economy.
PARIS (Reuters) - French President Nicolas Sarkozy is angry with Bank of France Governor Christian Noyer for not having informed the government earlier about the losses at Societe Generale, a source close to the matter said on Friday.
The steep rebound in global stock markets has ignited hopes that the quick action by the US Federal Reserve (Fed) and the US government would be sufficient to avert what most investors dread - a recession in the United States.
The US dollar is fighting on a tough battleground.
Malaysia did not escape the global stock market tumble at the beginning of the week. But this was due to external factors and should not be seen as an indication of the state of the country's economy.
Malaysian stocks rose after a surprise interest rate cut in the United States helped calm nervous investors. Most Asian bourses extended gains for a second day, except those in Hong Kong, India, Thailand, Pakistan, Vietnam and Sri Lanka.
The big cap (large capitalisation) stocks, which are probably the bluest of the blue chips, are among the worst hit by the recent selling wave that swept across the globe.
Following are highlights of comments by participants at the World Economic Forum, which begins yesterday, on the prospect of an economic slowdown or recession.
ASIAN markets rebounded strongly in the wake of turmoil in global stock markets but is the sharp advance and a massive interest rate cut by the US Federal Reserve (Fed) sufficient to convince people a US recession will be avoided?