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Business 29 Sep 2008 | 12:00 AM

Fortis bank gets US$16.4b bailout

Dutch-Belgian bank and insurance giant Fortis NV was given a euro11.2 billion ($16.4 billion) lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg, officials said Sunday.

Business 24 Sep 2008 | 12:00 AM

BOJ pumps another US$14.2b into markets

The Bank of Japan pumped another 1.5 trillion yen (US$14.2 billion) into money markets Wednesday, amid an effort among the world's central banks to calm worries about a global financial crisis.

Business 24 Sep 2008 | 12:00 AM

US Fed plows US$30b Wednesday in money markets overseas

WASHINGTON (AP) - The Federal Reserve, in coordinated action with foreign central banks, plowed $30 billion into money markets overseas Wednesday, part of an ongoing effort to fight a global credit crisis.

Business 20 Sep 2008 | 12:00 AM

World’s central banks pump even more money

The world's central banks yesterday kept striving to free up jammed money markets, pouring in more money even as stocks and the US dollar rallied in response to an emergency US plan to mop up toxic debt.

Business 19 Sep 2008 | 12:00 AM

Details on US weighing plans to ease financial crisis

The Bush administration asked lawmakers Thursday for the power to rescue banks by buying distressed assets that lie at the heart of the financial system's crisis.

Business 18 Sep 2008 | 12:00 AM

US stocks tumble after government bailout of AIG

Wall Street plunged again Wednesday as anxieties about the financial system ran high after the government's bailout of insurer American International Group Inc. and left investors with little confidence in many banking noshade size=1 width=50%>

Business 16 Sep 2008 | 12:00 AM

Meltdown in US finance system pummels stock markets, Dow down 500 pts

The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered which domino would be next to fall.

Business 12 Sep 2008 | 12:00 AM

EU govts to try talk their way out of a recession

NICE, France (AP) - Spend or save your way out of an economic downturn?

Business 05 Sep 2008 | 12:00 AM

Gold prices fall on stronger dollar

NEW YORK (AP) - Gold prices extended their losses for a fourth session Thursday as the dollar pushed higher against the euro, prompting traders to pull money out of precious metals and other commodities.

Business 04 Sep 2008 | 12:00 AM

ECB, BoE expected to leave interest rates steady

FRANKFURT, Germany (AP) - The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth.