financial crisis

Bernanke Warns That Economy Will Remain Weak

Mon, 01 Dec 2008 13:31:10 -0600

The Fed chairman defended the agency’s response to the financial crisis, saying that the measures were needed to stablized the economy.

Beijing gives carrier Southern Airlines $440 mln

Wed, 26 Nov 2008 21:39:25 -0600

China Southern Airlines said it will get a 3 billion yuan ($440 million) capital injection from the government, intended to tide the major carrier through a financial crisis.

Consumer spending down 1 percent in October

admin — Wed, 26 Nov 2008 09:18:19 -0600

As the financial crisis was gaining force, Americans cut back on their spending in October by the largest amount since the 2001 terrorist attacks.

Consumer spending down 1 percent in October

Wed, 26 Nov 2008 07:34:28 -0600

As the financial crisis was gaining force, Americans cut back on their spending in October by the largest amount since the 2001 terrorist attacks.

Fed says it will buy mortgage-related assets

Tue, 25 Nov 2008 07:29:58 -0600

The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis.

OECD warns of worst recession since early 1980s

Tue, 25 Nov 2008 04:01:28 -0600

The financial crisis will likely push the world's developed countries into their worst recession since the early 1980s, the Organization for Economic Cooperation and Development (OECD) said Tuesday.

Leaders see financial crisis over in 18 months

admin — Sun, 23 Nov 2008 12:16:18 -0600

President George W. Bush enlisted another bloc of world leaders Sunday in his effort to revive the world economy while still moving to expand free trade.

Tick Tick Tick -- The Decline of the Dow Jones Industrial Averag...

Sun, 23 Nov 2008 08:47:08 -0600

THE Dow Jones industrial average declined yesterday on news that manufacturing orders had decreased last month, and reports that the ongoing financial crisis has prompted a widespread loss of consumer confidence.

Report: Swiss regulator says more UBS aid possible

Sun, 23 Nov 2008 05:15:51 -0600

The head of the Swiss Banking Commission said he did not rule out that UBS AG might need more government aid to survive the financial crisis, a daily newspaper reported Sunday.

Bank regulator played advocate not enforcer

Sun, 23 Nov 2008 03:29:36 -0600

In the parade of regulators that missed signals or made decisions they came to regret on the road to the current financial crisis, the Office of Thrift Supervision stands out.