MWC News - A Site Without Borders -

Home

Latest News

Economy

By Agencies

Markets remain gripped by fears about the scale and depth of the likely global recession [AFP]

United States, European and Asian stock markets have plummeted, as lending rates between banks continue to rise despite this week's efforts by central banks to break the impasse in credit markets.

Be first to comment this article | Quote this article on your site | Views: 444

Tags: Dow Jones stock markets

CONTINUE...

European stocks hit five year low

Economy

By Agencies

Demonstrators gathered to protest the British government's bank bailout plan [AFP]

European share prices have tumbled to their lowest close in more than five years amid fears that frozen credit markets are ushering in a global recession.

Be first to comment this article | Quote this article on your site | Views: 174

Tags: European stocks

CONTINUE...

Markets slide after early rally

Economy

By Agencies

Strauss-Kahn said urged European countries to work together to tackle the situation [AFP]

European an US shares have extended their slide despite early rallies following interest rate cuts and European movez to shore up troubled banks.

Be first to comment this article | Quote this article on your site | Views: 247

Tags: US shares Markets

CONTINUE...

Jitters plague Asia markets

Economy

By Agencies

Banks are still reluctant to lend money for fear of not recovering the loans [AFP]

Asia stock markets have remained volatile despite a co-ordinated move by central banks across the world to cut interest rates in an attempt to stave off an economic meltdown.

Be first to comment this article | Quote this article on your site | Views: 199

Tags: Asia markets

CONTINUE...

Iceland nationalises largest bank

Economy

By Agencies

Haarde, Iceland's prime minister, right, has promised to honour deposits in a failed internet bank [AFP]

Iceland's government has nationalised the country's biggest bank in an attempt to stem the damage inflicted by the global economic crisis.

Be first to comment this article | Quote this article on your site | Views: 115

Tags: Iceland

CONTINUE...

Central banks fail to stem sell-off

Economy

By Agencies

Markets have remained volatile in spite of a $700bn US bail-out package passed last week [AFP]
Stock markets have continued to tumble despite a move by central banks across the world to cut their key interest rates in an attempt to stave off an economic meltdown.

Be first to comment this article | Quote this article on your site | Views: 191

Tags: Stock markets Central banks

CONTINUE...

Bid to halt Egypt-Israel gas deal

Economy
By Agencies
A lawyer in Egypt has demanded that the government halt its gas exports to Israel, report said. Be first to comment this article \| Quote this article on your site \| Views: 290 Tags: Egypt-Israel gas deal
CONTINUE...

Central banks cut interest rates

Economy

By Agencies

Markets have remained volatile in spite of a $700bn US bail-out package passed last week [AFP]

Central banks across the world have cut their key interest rates in an attempt to stave off an economic crisis that has seen share prices fall in global stock markets.

Be first to comment this article | Quote this article on your site | Views: 222

Tags: US Federal Reserve Central banks

CONTINUE...

Arab markets continue to dive

Economy

By Agencies

Arab stock markets are proving vulnerable to the global economic crisis [AFP]

Arab stock markets have fallen for the fourth straight day as fears grow that the global economic crisis has not been arrested by a $700bn bank rescue in the United States, the world's largest economy.

Be first to comment this article | Quote this article on your site | Views: 197

Tags: Arab markets

CONTINUE...

More...