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Chart 		Recent Summary.     Click for More > Obama signs financial reform law US financial reform passed by Senate G20 agrees on deficit cuts by 2013 EU approves $560B crisis fund Map of Brussels Belgium  Europe's finance ministers approved in an emergency meeting a 'stabilization mechanism' that could provide 440 billion euros for a aid package EU ministers agree Greek plan Budget crisis is like wartime situation - PM  Prime Minister George Papandreou has likened the country's budget crisis to a 'wartime situation' and said Greece was at risk of bankruptcy PM vows to slash huge government deficit Dubai debt woes 'a drama, but no crisis'
World Bank to loan Pakistan $900m Europe's big banks pass stress tests
Aug. 16   Pakistan
Jul.23   European Union
  Officials led by the European Central Bank tested 91 banks, and most of banks passed stress tests aimed at shoring up confidence in the economy.    Seven banks have failed stress tests designed ...
Jul.21   Washington
Jul.15   U.S. Senate
Jun.27   Toronto
May.9   Belgium
Mar.15   Belgium
Mar.2   Greece
Feb.10   Greece

year 2009 ... more >
Nov.27   Dubai

  Obama signs financial reform law   President Barack Obama has signed into law the biggest overhaul of American financial regulation in decades US financial reform passed by Senate  The Senate has given final approval to the biggest overhaul of American financial regulation in decades G20 agrees on deficit cuts by 2013  Leaders at the summit in Canada have agreed to cut national budget deficits without stunting economic growth China hints at stronger currency Senate approves reforms of Wall Street EU approves $560B crisis fund Map of Brussels Belgium

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Banks back switch to renminbi for trade Oman to invest $20B in rugged beauty   World Bank to loan Pakistan $900m  The bank is to loan $900m to Pakistan to help it recover from its worst ever flooding. UN says international aid has been slow Gates seeks cuts in US military Europe's big banks pass stress tests

August 2010 ... more > Top ^
Aug. 26   Hong Kong
Aug. 25   Oman
Aug. 16   Pakistan
Aug. 9   Washington

July 2010 ... more > Top ^
Jul.23   European Union
  Officials led by the European Central Bank tested 91 banks, and most of banks passed stress tests aimed at shoring up confidence in the economy
 Seven banks have failed stress tests designed to assess the health of the EU's banking system
 Kosovo  Bank leader arrested in corruption probe
Jul.22  European Union  Europe banks set for stress tests
Jul.21   Washington
 Haiti  IMF forgives Haiti's $268 million debt
Jul.16  Ohio  AIG agrees to $725m fraud payout
Jul.15   U.S. Senate

June 2010 ... more > Top ^
Jun.27   Toronto
Jun.19   Beijing

May 2010 ... more > Top ^
May.21  Belgium  Ministers seek better crisis response
 Berlin  Germans approve euro rescue plan
May.20   U.S. Senate
 Greece  EU to give Greece first tranche of loan
May.11  Spain  Spain to unveil deep budget cuts
May.9   Belgium
  Europe's finance ministers approved in an emergency meeting a 'stabilization mechanism' that could provide 440 billion euros for a aid package
 The members of the single currency bloc will have access to 440bn euros of loan guarantees and 60bn euros of emergency European Commission funding. The IMF will also contribute up to 250bn euros
May.8  Belgium  EU finance ministers to debate stabilisation May.7  European Union  Eurozone approves Greece bail-out May.6  Greece  Greece approves austerity plan May.2   Greece Bailout worth $146 billion May.1  Greece  Greek leaders meet to discuss bail-out

April 2010 ... more > Top ^
Apr.28   Global Fears grow over Greece crisis  U.S. Senate  Republicans allow financial reform debate Apr.27  Japan  Asian stocks slide amid Greek debt crisis   Greece Greek bonds rated 'junk' by S& P's  U.S. Senate  Goldman Sachs' under fire at hearing Apr.25  Greece  IMF debt talks are 'going well' Apr.24   Greece IMF chief tries to ease Greece fears  New York  Goldman executives in crash profit boasts  Washington  US urges quick action on Greece at IMF Apr.22   New York Obama pushes case for bank reform bill Apr.16  New York  Goldman Sachs accused of fraud Apr.11   Greece Greece is offered 30bn euros loan

March 2010 ... more > Top ^
Mar.25  Belgium  Deal reached over Greece debts  Berlin  Merkel firm on IMF rescue for Greece Mar.15   Belgium EU ministers agree Greek plan   After a meeting in Brussels, Europe's finance ministers have agreed how to help Greece in its battle to control its finances Mar.13  Beijing  China denies currency undervalued Mar.12  Greece  EU close to Greece bail-out deal Mar.6   Iceland Plan to repay Icesave debts rejected Mar.2   Greece Budget crisis is like wartime situation - PM
  Prime Minister George Papandreou has likened the country's budget crisis to a 'wartime situation' and said Greece was at risk of bankruptcy

February 2010 ... more > Top ^
Feb.10   Greece PM vows to slash huge government deficit  Workers protest against austerity measures imposed by a government trying to dig its way out of a financial crisis that threatens to engulf Europe Feb.1  Washington  Obama unveils 2011 budget plans

January 2010 ... more > Top ^
Jan.21   Washington Obama pushes new bank regulation Jan.10   Venezuela Chavez: military will monitor prices Jan.7  Argentina  President dismisses central bank governor

year 2009 Top ^


December 2009 ... more > Top ^
Dec.13  United Arab Emirates  Abu Dhabi gives Dubai $10bn to pay debts

November 2009 ... more > Top ^
Nov.27   Dubai Dubai debt woes 'a drama, but no crisis'  Market experts say the debt revelations will not lead the global economy back into recession, but have seriously damaged the Emirate's stand...

October 2009 ... more > Top ^
Oct.15  New York  US banks' profits beat forecasts

September 2009 ... more > Top ^
Sep.17  European Union  EU agrees on bonus claw-back call Sep.14  Washington  Obama issues warning to bankers Sep.5   London G20 pledges tougher bank action

August 2009 ... more > Top ^
Aug.25  Washington  US deficit to soar towards $1.6tn

July 2009 ... more > Top ^
Jul.13  USA  US budget deficit at $1 trillion

June 2009 ... more > Top ^
Jun.29   New York   Fraudster Madoff gets 150 years  Bernard Madoff has been given the maximum prison sentence for masterminding a massive fraud that robbed investors of $65bn

March 2009 ... more > Top ^
Mar.23   Washington US unveils $1tn toxic asset plan Mar.13  London  G20 ministers meet amid divisions   Switzerland Switzerland eases banking secrecy  The world's largest offshore financial centre has agreed to accept concessions on bank secrecy

February 2009 ... more > Top ^
Feb.19  Virginia  Missing billionaire found

January 2009 ... more > Top ^
Jan.16  New York  Citigroup to split as losses grow

year 2008 Top ^

Dec.21  Beijing  China to provide $19B to Taiwan firms Dec.19  Washington  Bush unveils $17.4bn car bail-out Dec.15  London  Banks face huge losses from $50B 'scam' Dec.13   New York   Top investors 'hit by $50bn con'  Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged fraud by Wall Street broker Bernard Madoff Dec.11  USA  Bank of America cuts 30,000 jobs Nov.25   Washington US Fed announces $800bn stimulus  The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system Nov.23  Washington  Citigroup secures U.S. government lifeline Nov.19  Iceland  IMF approves $2.1bn Iceland loan Nov.17   New York Citigroup job cull to hit 75,000 Nov.14   Washington World leaders grapple with crisis Oct.29  Washington  Treasury spends $125 billion on 9 banks Oct.12  Paris  European banks rescue plan agreed Oct.11   Paris EU chiefs confront markets crisis Oct.10  Washington  G7 nations pledge to fight crisis Oct.8   London World's central banks slash interest rates Oct.7   United Kingdom UK bank rescue package imminent  Chancellor Alistair Darling to announce details of a £50bn rescue package for the UK banking system Oct.5  Berlin  Plan to save German bank 'agreed' Oct.4  Germany  Another top European bank falters   Paris No banks bail-out fund for Europe  Paris  EU leaders meet to discuss credit crisis Oct.3   House of Representatives House backs $700bn bail-out plan
  The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector.    The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following ...
Oct.1  U.S. Senate  Senate backs new bail-out bill

September 2008 ... more > Top ^
Sep.29   House of Representatives $700 billion bailout package failed Sep.28  U.S. Congress  US lawmakers publish rescue deal Sep.26  Washington  Bailout talks implode Sep.24  Washington  Bush: Bail-out 'vital to easing crisis' Sep.21   New York US banks make shock status switch Sep.19   Washington   Bush hails financial rescue plan  President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets Sep.18   Global Central banks moves cheer markets Sep.17   United Kingdom Barclays agrees $1.75B Lehman deal  Zimbabwe  Zimbabwe replaces $10 trillion banknote Sep.15  Japan  Lehman collapse hits Asian shares Sep.14   New York Lehman Bros files for bankruptcy
  The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis.    The move dealed a further blow to the global financial system. It was a primary dealer in t...
Sep.7   Washington US takes over key mortgage firms  US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history

August 2008 ... more > Top ^
Aug.5   U.S. Congress Iraq's projected $80b surplus stirs anger  U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 bi...

July 2008 ... more > Top ^
Jul.19  Zimbabwe  $100 billion banknotes introduced Jul.16  Washington  US inflation rate at 26-year high Jul.6  Dubai  UAE to cancel all of Iraq's $7B debt

May 2008 ... more > Top ^
May.29  Global  World Bank pledges $1.2 billion for food

April 2008 ... more > Top ^
Apr.30  Iran  Iran dumps U.S. dollar for oil trades Apr.18  USA  Citigroup sees second giant loss

March 2008 ... more > Top ^
Mar.18  Washington  Federal Reserve slashes rates by 0.75 Mar.16  New York  JPMorgan to acquire Bear Stearns

January 2008 ... more > Top ^
Jan.24   Paris Rogue trader to cost SocGen $7bn   Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros

year 2007 Top ^

Jul.5  Zimbabwe  Bulk buy ban amid frenzy

year 2005 Top ^

Dec.16  Belgium  EU leaders agree 7-year budget Jul.21   China China scraps yuan peg to dollar Jun.11   London G8 ministers back Africa debt deal  Finance ministers have agreed to cancel up to $55 billion worth of debt owed by the world's poorest nations

year 2004 Top ^

Dec.23  USA  Battered dollar hits another low Mar.31  Berlin  Afghanistan wins $8.2bn in aid

year 2003 Top ^

Dec.16  Germany  Joint plan to relieve Iraq debt Sep.14  Sweden  Voters rejects euro currency Sep.7   Washington Bush to ask 87 billions more for Iraq Aug.27  Washington  Bremer: Iraq effort to cost tens of billions

year 2002 Top ^

Jun.25  New York  WorldCom in accounting trouble, cut jobs Jan.6  Argentina  Peso devaluated Jan.1   European Union   Euro mark celebrations  People lined up in freezing temperatures to get a jump on the most ambitious currency swap in history

year 2001 Top ^


year 2000 Top ^

Sep.28  Denmark  Denmark rejects euro