The head of the International Monetary Fund says the global economy is in the grip of a “crisis of confidence” and urged nations to move quickly to restore job-creating economic growth. IMF Managing Director Christine Lagarde spoke Friday, as finance ministers and central bankers from around the world gathered in Washington for three days of […]
IMF: Global Economy Hit By Crisis of Confidence
Posted September 24th, 2011 at 3:15 am (UTC-5)
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IMF: Economy Hit By Crisis of Confidence
Posted September 23rd, 2011 at 4:05 pm (UTC-5)
The head of the International Monetary Fund says the global economy is in the grip of a “crisis of confidence” and urged nations to move quickly and act together to solve problems. IMF Managing Director Christine Lagarde spoke Friday, as finance ministers and central bankers from around the world gathered in Washington for talks with […]
US, European Stock Markets End Their Freefall
Posted September 23rd, 2011 at 12:26 pm (UTC-5)
U.S. and European stock markets steadied themselves Friday, advancing slightly the day after sustaining massive losses spawned by fears the world is headed into another recession. Finance officials from 20 of the world’s emerging and wealthy nations pledged to launch a coordinated effort to bolster the struggling global economy. Investors have watched as $3.4 trillion […]
Global Stock Markets Retreating More on Friday
Posted September 23rd, 2011 at 9:50 am (UTC-5)
Asian and European stock markets plummeted again on Friday as investors feared the world is headed into another recession. Finance officials from 20 of the world’s emerging and wealthy nations pledged to launch a coordinated effort to bolster the struggling global economy. But that did little to calm the worries of investors who have watched […]
G20 Pledges Cooperation Against World Economy’s Latest Struggles
Posted September 23rd, 2011 at 4:10 am (UTC-5)
Finance officials from the world’s 20 emerging and wealthy nations have pledged to launch a coordinated response to bolster the struggling global economy. The finance ministers and central bankers issued a statement late Thursday in Washington after global stock markets plunged earlier in the day, amid new worries the world economy is teetering towards another […]
Scared Investors Spark Global Sell-Off; US Stocks Plunge
Posted September 22nd, 2011 at 10:00 pm (UTC-5)
South Korean stocks are down more than 4 percent and Hong Kong down more than 2 percent shortly after opening Friday after a terrible day in U. S. and European markets. Fears the world is on the verge of another recession sent major U.S. indexes tumbling more than 3 percent Thursday while European indexes dropped […]
Scared Investors Spark Global Sell-Off; US Stocks Plunge
Posted September 22nd, 2011 at 5:06 pm (UTC-5)
Fears the world is on the verge of another recession worried investors, sparking sharp sell-offs in stock markets from New York to Hong Kong. The major U.S. stock indexes all plunged more than 3 percent Thursday, with the broad-based S&P index of 500 companies retreating to its lowest point of the year. The second straight […]
Striking Greek Workers Protest New Austerity Cuts
Posted September 22nd, 2011 at 4:20 pm (UTC-5)
Striking Greek transport workers brought Athens to a standstill Thursday in a new protest against austerity measures imposed by the government to secure international financing for the debt-ridden country. Public transport workers and taxi drivers walked off their jobs, as well as air traffic controllers and teachers. Some newspapers also reacted angrily to the demands […]
Global Markets Plunge on US Economic Recovery Doubts
Posted September 22nd, 2011 at 3:15 pm (UTC-5)
Global stock markets plunged Thursday as investors worried that the U.S. economy, the world’s largest, would not turn robust anytime soon and instead help drag the world economy into another recession. U.S. stock markets plummeted about 4 percent in late-day trading, with the broad-based S&P index of 500 companies retreating to its lowest point of […]
Global Markets Plunge on Economic Recovery Doubts
Posted September 22nd, 2011 at 12:16 pm (UTC-5)
Global stock markets plunged Thursday in reaction to the U.S. central bank’s dim prospects for the world’s largest economy and fears that its latest move to boost the economy will not prove effective. Asian markets dropped sharply, major European exchanges fell close to 5 percent or more, while U.S. stock markets also plummeted in midday […]
