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Oct 13, 2008
The Canberra Times, Australia -
Australian shares rallied for a second day, surging the most in more than 10 years, as governments around the world bailed out banks and pumped money into the markets. The surge comes after US stocks skyrocketed more than 11% overnight, their biggest rally since the ... -
Oct 14, 2008
Bloomberg -
By Bob Chen and Nate Hosoda Oct. 14 (Bloomberg) -- Money market rates fell across Asia after global leaders pledged to buy stakes in banks and Japan and ... -
Tuesday, October 14, 2008
The Australian, Australia -
THE Australian equities market has started to price in a recovery in credit markets in light of a renewed rescue effort by world authorities. The second positive day on the local share market gave Australian stocks the ... -
Tuesday, October 14, 2008
Bloomberg -
By Gavin Finch and Bob Chen Oct. 14 (Bloomberg) -- Money-market rates in London fell after the US joined the UK, Germany and France in offering to buy ... -
Tuesday, October 14, 2008
Bloomberg -
By Garfield Reynolds Oct. 15 (Bloomberg) -- The Reserve Bank of Australia estimated money markets will have a deficit of A$2.1 billion ($1.5 billion) today ... -
Tuesday, October 14, 2008
Bloomberg -
By Garfield Reynolds Oct. 15 (Bloomberg) -- Australia's central bank added A$2.12 billion ($1.5 billion) to the financial system, seeking to ease funding ... -
Oct 13, 2008
BusinessWeek -
US stocks were indicated to open sharply higher as major index futures surged in premarket trading after the Federal Reserve and other global central banks ... -
Oct 13, 2008
MarketWatch -
By Steve Goldstein, MarketWatch NEW YORK (MarketWatch) -- US stock futures and world stock markets rallied on Monday, as agreements reached in Paris and Washington D.C. to bolster the banking system restored some confidence after a week in which stocks dropped by nearly ... -
Oct 13, 2008
Forbes, NY -
AP 10.13.08, 10:58 AM ET Shares of national banks traded mostly up Monday after the Bush administration said it was working to buy ownership stakes in banks and free up credit following a massive sell-off last week. In morning trading, shares of Bank of ... -
Oct 13, 2008
Bloomberg -
By John Fraher and Simon Kennedy Oct. 13 (Bloomberg) -- The Federal Reserve led an unprecedented push by central banks to flood the financial system with as ...
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Oct 13, 2008
Reuters -
By Gertrude Chavez-Dreyfuss NEW YORK, Oct 13 (Reuters) - The US dollar had its worst day against the euro in three weeks on Monday, while the yen weakened ... -
Oct 13, 2008
Wall Street Journal -
By SUDEEP REDDY and JOELLEN PERRY The Federal Reserve threw open its coffers to strained overseas credit markets, taking further steps to stem the global financial crisis. The U.S. central bank said Monday it would provide unlimited dollars to the European ... -
Oct 13, 2008
Wall Street Journal -
By TERENCE ROTH and KEITH JENKINS LONDON -- The US Federal Reserve on Monday began providing unlimited dollar funding under its swap facilities with three major European central banks, offering a boost to cash-starved European money markets. The European Central Bank, ... -
Oct 13, 2008
Business Standard, India -
Central banks have regularly pumped cash into money markets since the financial crisis deteriorated in mid September, raising the question of what terms like "liquidity" and "refinancing" mean. .rightDiv2{float:right;position:relative;width:220px;BORDER:#787962 1px solid;padding:5px} ... -
Oct 14, 2008
Reuters -
FRANKFURT, Oct 14 (Reuters) - The European Central Bank said it had pumped $98.404 billion into overnight money markets on Tuesday, just short of its $100 billion target. The ECB said on its ... -
Oct 14, 2008
International Herald Tribune, France -
AP FRANKFURT, Germany: The European Central Bank, the Bank of England and the Swiss National Bank on Tuesday continued to supply the financial sector with short-term overnight dollar loans in an effort to keep cash flowing in the troubled banking system. The ... -
Tuesday, October 14, 2008
Reuters -
FRANKFURT, Oct 14 (Reuters) - The rate of interest banks were required to pay in the European Central Bank's latest auction of US dollars hit a record low on Tuesday, as demand fell just short of the $100 billion on offer. ... -
Tuesday, October 14, 2008
Bloomberg -
By Mayumi Otsuma Oct. 14 (Bloomberg) -- The Bank of Japan said it will offer lenders an unlimited amount of dollars, joining European counterparts in ... -
Tuesday, October 14, 2008
Forbes, NY -
AP 10.14.08, 9:22 AM ET Japan's central bank says it will offer unlimited short-term dollar credits to banks in an effort to relieve stress on the global financial system. The Bank of Japan joins other central banks that have announced banks will receive all ... -
Tuesday, October 14, 2008
Swissinfo, Switzerland -
The economics ministry has rejected accusations in the media that the Swiss government has been slow to respond to the global financial crisis. Switzerland had acted together with the United States Federal Reserve and ...
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