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News Source: Star Tribune
| 3 months ago
With panic tightening its grip on investors here and abroad, pressure was growing on the United States Tuesday to take further aggressive steps to stem the economic crisis and swiftly implement a $700 billion financial bailout. On that front, the...
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News Source: Asian Wall Street Journal
| 3 months ago
Stock futures edged higher, as hope for coordinated central-bank moves boosted sentiment in the wake of the previous day's rout. Less than two hours before the start of trading, Dow Jones Industrial Average futures were 68 points higher at 10032. The...
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News Source: BDNews24
| 3 months ago
Australia stunned markets with its steepest interest cut in 16 years on Tuesday and investors expected that other central banks would follow suit in a coordinated move to combat the global credit crisis. Bank in Kuala Lumpur. "It means the rest of...
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News Source: Belleville News-Democrat
| 3 months ago
Wall Street headed for a slightly higher open Tuesday amid hopes that central banks around the world will cut interest rates to help alleviate turmoil in the credit markets. Australia's central bank cut interest rates by the largest amount since 1992...
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News Source: The Washington Times
| 3 months ago
Markets went to pieces Monday despite strenuous efforts to calm them by world authorities, with the Dow Jones Industrial Average falling as much as 800 points to below 10,000 and investments from oil to municipal bonds tanking in a global rout that...
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News Source: Politico
| 3 months ago
The small audience gave him a polite but brief round of applause. Two weeks later, the soft-spoken 35-year-old former Goldman Sachs banker is the most influential money manager in the world. Named on Monday as the interim head of the Treasury...
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News Source: Asian Wall Street Journal
| 3 months ago
Worsening market turmoil prompted U.S. financial regulators to outline steps they are using to boost the balance sheets of institutions reeling from the crisis. The Treasury Department is under pressure to show meaningful results from its newfound...
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News Source: The Globe and Mail
| 3 months ago
Even before he gets a proper job description, Mr. Kashkari must quickly recruit a team of asset managers to buy billions of dollars worth of distressed mortgage-related assets from banks and brokerage firms. He also has to decide which assets to buy...
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News Source: South Bend Tribune
| 3 months ago
The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy. The Federal Reserve is working with the Treasury Department on the plan to...
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News Source: Taiwan News
| 3 months ago
The government's rescue of insurance giant American International Group Inc. last month is getting a critical eye from lawmakers examining the chain of events that forced a $700 billion bailout of the financial industry. Three former AIG chief...