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Showing posts from October, 2008
signs of trouble now emerging in economies in Eastern Europe and Asia yen rose against the dollar and euro
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US and advanced economies' financial system is now headed towards a near-term systemic financial meltdown
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40,000 Hong Kongers have bought Lehman-related investment products through banks, with the total outstanding value of the products estimated at HK$20.
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Geir Haarde London's reaction to the collapse of the bank, including Prime Minister Gordon Brown's threat to sue Iceland to recover British savings, h
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15 European countries that share the euro have agreed to guarantee interbank loans.
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UK Government is ready to Nationalise Royal Bank of Scotland and HBOS,
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