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- Oct. 23 (Bloomberg) -- Financing costs in Asia may extend declines after borrowing costs in London fell for an eighth day, the longest run of reductions since May, as a $540 billion Federal Reserve program resuscitated U.S. corporate borrowing. The ...
- Oct. 22 (Bloomberg) -- Argentine lawmakers will try to block the government's use of $29 billion in nationalized pension assets to repay debt when they consider President Cristina Fernandez de Kirchner 's plan to seize the funds from private money ...
- The nation's largest public pension fund said it intends to tap California public employers for more money if its heavy investment losses don't reverse, a sign that more financial pain could be in store for state and local governments. The California ...
- Pakistan is asking for emergency aid from the International Monetary Fund (IMF) as the country scrambles to raise $4 billion (£2.4billion) in 30 days to save its economy from collapse. Shamshad Akhtar, Pakistan's central bank governor, travelled to ...
- Brazil - * Emerging markets crushed by safe-haven trade * Sector currencies squeezed by dollar buying * Benchmark stock indexes fall to 3+ year lows. (Updates with Turkey central bank decision, closing prices) By Daniel Bases NEW YORK (Reuters ...
- There's $30,000 sitting in Ellen Anthony's 529 college savings plan. But she's not touching any of it to pay for her daughter's freshman year this fall. "I'm not interested in taking a loss," said Anthony, a 42-year-old registered nurse who's working ...
- Pakistan is to request emergency aid from the International Monetary Fund (IMF) as soon as tomorrow as the country scrambles to raise $4 billion (£2.4 billion) in 30 days to save its economy from collapse. Shamshad Akhtar, Pakistan's central bank ...
- BUENOS AIRES, Argentina : Argentina's benchmark stock index plunged Wednesday as investors worried the president's plan to nationalize private pension funds would drain companies' access to private capital. The Merval index fell 18 percent to 858.6 ...
- NEW YORK (AP) -- World stock markets sagged again Wednesday as a barrage of weak corporate earnings stoked fears that the government's financial intervention won't keep global economies out of recession. Poor earnings from large companies in ...
- Brussels - Georgia was Wednesday promised a higher-than- expected 4.55 billion dollars in aid over the next three years to help it recover from its 5-day war with Russia. Pledges were made by some 40 countries and 15 international organizations ...
- U.S. stocks opened solidly lower Wednesday, with global equity markets also skidding amid fears about slowing economic growth. While traders were examining a fresh round of earnings reports featuring marquee names like Apple ( AAPL ), Merck ( MRK ...
- LIBOR fell in all major currencies across all maturities at this morning's setting, the eighth consecutive decline. Dollar-based LIBOR fell the most, by 29 basis points for three-month LIBOR, which fell to 3.54%. The drop marks a 63% reversal of the ...
- SEOUL, South Korea - South Korea announced measures Sunday to shore up its banks by guaranteeing their external debt and pumping more money into the financial system amid the global credit crisis. The government said it will provide up to $100 ...
- The won has lost about a third of its value against the dollar so far this year to hit its lowest level since the Asian financial crisis 11 years ago, and foreign investors have sold off a record 30 trillion won of local shares. The government said ...
- SEOUL : South Korea announced Sunday sweeping measures to try to rescue its markets that have dragged down in the global financial crisis, offering a state guarantee on foreign debt and promising to recapitalize financial firms. The fourth-largest ...
- Oct. 19 (Bloomberg) -- Pakistan, perceived as the world's riskiest borrower, may seek the help of the International Monetary Fund to avoid default on its debt obligations, said Shaukat Tarin , financial adviser to the prime minister. The South Asian ...
- SEOUL, Oct 19 (Reuters) - South Korea announced on Sunday a package worth over $130 billion to rescue its markets dragged down in the global financial crisis, offering a state guarantee on foreign debt and promising to recapitalise financial firms ...
- The decision this week to put $250 billion in banks in return for shares will make the government a major investor, and owner, in the banking industry. The bold move is one of many that is redefining and enlarging Washington’s role in the country ...
- ISLAMABAD, Oct 18 (Reuters) - Pakistan might need to borrow from the International Monetary Fund if other multi-lateral lenders and friendly governments fail to help out in the next few weeks, the country's new troubleshooter said on Saturday. A ...
- NEW YORK - Several key lending rates declined again Thursday, but another weekly drop in the amount of commercial paper in the market showed that the credit markets remain under stress. The Federal Reserve said the amount of commercial paper ...
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