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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

US and advanced economies' financial system is now headed towards a near-term systemic financial meltdown

40,000 Hong Kongers have bought Lehman-related investment products through banks, with the total outstanding value of the products estimated at HK$20.

Bank failures to accelerate

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

15 European countries that share the euro have agreed to guarantee interbank loans.

UK Government is ready to Nationalise Royal Bank of Scotland and HBOS,