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CNNMoney - WASHINGTON (AP) -- The Treasury Department on Thursday said it is prepared to buy assets from a troubled money market mutual fund, part of an effort to prevent any disruptions to already fragile financial markets. The department has agreed to...
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Aljazeera.net - Iceland has secured nearly $5bn in loans as it attempts to stabilise an restore faith in its shattered economy. Four Nordic countries - Finland, Sweden, Norway and Denmark - said on Thursday they would lend Iceland a total of $2.5bn afte...
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Bloomberg - Five years after Federal Reserve Chairman Ben S. Bernanke helped stamp out the risk of deflation, the threat is returning as the financial crisis and a worsening economic slump pull inflation lower....
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NYTimes - MILAN -- As head of the Bank of Italy for 12 years, Antonio Fazio helped protect the country’s banks from foreign rivals, making him popular among entrenched Italian bankers, but less so at European Union headquarters....
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MarketWatch - HONG KONG -- The Bank of Japan's policy board will consider additional measures to calm financial markets and bolster consumer confidence this when it meets this week, but is unlikely to announce further interest rate cuts Friday....
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Reuters.com - SAO PAULO - Brazil's central bank will offer about $500 million in dollar swap contracts on Friday as part of an ongoing effort to supply the foreign exchange market with liquidity....
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Bloomberg.com - Russia's central bank spent $57.5 billion defending the ruble in September and October, Chairman Sergey Ignatiev said....
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CNNMoney.com - WASHINGTON (AP) -- The Federal Reserve on Wednesday sharply lowered its projections for economic activity this year and next, and signaled that additional interest rate reductions may be needed to help combat the worst financial crisis to j...
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BBC - The United States government plans to sell bonds worth $55bn (£34bn) next week in an effort to finance its bank rescue programme. ...
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China Stakes - Beijing is taking action during the economic downturn to prop up employment, control labor costs, and maintain companies’ competitiveness....
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"Slowing inflation will allow policy makers around the world to reduce interest rates, International Monetary Fund First Deputy Managing Director John Lipsky said yesterday."...
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There are more means of personal expression these days than at any other time in history, but whether you choose blogs, message boards, graffiti, tattoos or even traditional artistic mediums, it's always more fun if there's an element of danger....
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The Japanese economy has entered its first recession in seven years....
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CNNMoney - The dollar ticked lower against major European currencies Monday after the weekend's G20 economic summit in Washington failed to impress currency investors....
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Bloomberg - Bank of America Corp. will almost double its stake in China Construction Bank Corp. This is after receiving $15 billion from the U.S. government as part of a $250 billion package to shore up lenders and thaw frozen credit markets....
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Bloomberg - The Federal Deposit Insurance Corp. may revise a $1.4 trillion debt-insurance program to address complaints that it would spur an exodus from the $250 billion market for overnight loans between banks. ...
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Reuters - Barack Obama seems to think that the United States government should not worry about deficits over the next two years while spending money to jumpstart the ailing economy....
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Zimbabwe's central bank chief, Gideon Gono, says ordinary Zimbabweans are to blame for the country's crippling 231 million percent inflation rate. He says that it is a "collective failure as a nation" to produce enough, particularly food....
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The U.S. Treasury on Friday was set to receive a flood of last-minute applications from firms seeking government rescue funds by the Nov. 14 deadline. ...
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The Asian Development Bank said it was willing to provide financial assistance to the Philippines if the credit crunch being experienced in advanced economies would spill over to the domestic financial system....
