Central banks, governments try to contain crisis (AP)
AP - European governments sought to contain the deepening world financial crisis on Wednesday, with Britain stepping in to help its hard-pressed banks and Russia shutting down its biggest stock market for two days. But the greatest relief to markets came from a coordinated rate cut from leading world central banks.
Publ.Date: Wed, 08 Oct 2008 15:05:01 GMT
Source: Yahoo.com
European central banks offer combined $120 billion (AP)
AP - European central banks continued to push liquidity at the financial sector Thursday, offering $120 billion to prop up lending between banks.
Publ.Date: Thu, 09 Oct 2008 07:51:56 GMT
Source: Yahoo.com
Brown urges EU to match guarantee of inter-bank lending (AFP)
AFP - Prime Minister Gordon Brown wrote to EU leaders Wednesday to urge them to follow Britain in guaranteeing loans between banks, proposing a "European-wide funding plan" to help ease the financial crisis.
Publ.Date: Wed, 08 Oct 2008 19:58:44 GMT
Source: Yahoo.com
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