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World News   Business   Financial (93)
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Chart 		Summary.     Click for More > US Fed announces $800bn stimulus Citigroup job cull to hit 75,000 World leaders grapple with crisis EU chiefs confront markets crisis World's central banks slash interest rates UK bank rescue package imminent No banks bail-out fund for Europe 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 $700 billion bailout package failed US banks make shock status switch Bush hails financial rescue plan Central banks moves cheer markets Barclays agrees $1.75B Lehman deal Lehman Bros files for bankruptcy   The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis
Fraudster Madoff gets 150 years US unveils $1tn toxic asset plan Switzerland eases banking secrecy   Top investors 'hit by $50bn con'
Mon.   New York
Mar.23   Washington
Mar.13   Switzerland

year 2008 ... more >
Dec.13   New York
  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.    Madoff ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyrami...
Nov.25   Washington
Nov.17   New York
Nov.14   Washington
Oct.11   Paris
Oct.8   London
Oct.7   United Kingdom
Oct.4   Paris
Oct.3   House of Representatives
Sep.29   House of Representatives
Sep.21   New York
Sep.19   Washington
Sep.18   Global
  United Kingdom
Sep.14   New York

Bank of America cuts 30,000 jobs 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 Citigroup secures U.S. government lifeline IMF approves $2.1bn Iceland loan Citigroup job cull to hit 75,000  The bank has announced plans for new job cuts, on top of 23,000 cuts already made this year It's about 20% of its staff World leaders grapple with crisis   The world leaders gathering for economic summit may be looking ahead to his successor. Bush is ready to defend Western-style capitalism Treasury spends $125 billion on 9 banks European banks rescue plan agreed EU chiefs confront markets crisis   The 15 eurozone leaders are to meet to try to establish a common approach to the financial crisis follow up and execute upon a G7 plan G7 nations pledge to fight crisis World's central banks slash interest rates  The leading economies, led by the U.S. and the UK, slashed interest rates to tackle the global financial crisis after days of stock market l... UK bank rescue package imminent  Chancellor Alistair Darling to announce details of a £50bn rescue package for the UK banking system Plan to save German bank 'agreed' Another top European bank falters No banks bail-out fund for Europe   France, Britain, Germany and Italy have agreed to work together to support financial institutions - but without forming a joint bail-out fun... EU leaders meet to discuss credit crisis House backs $700bn bail-out plan

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  Fraudster Madoff gets 150 years  Bernard Madoff has been given the maximum prison sentence for masterminding a massive fraud that robbed investors of $65bn Fraud charge for Countrywide boss Ten US banks fail 'stress tests' US unveils $1tn toxic asset plan  The US has announced details of a plan to buy up to $1 trillion worth of toxic assets to help repair banks' balance sheets G20 ministers meet amid divisions Switzerland eases banking secrecy  The world's largest offshore financial centre has agreed to accept concessions on bank secrecy Missing billionaire found Citigroup to split as losses grow China to provide $19B to Taiwan firms Bush unveils $17.4bn car bail-out Banks face huge losses from $50B 'scam'   Top investors 'hit by $50bn con'

June 2009 ... more > Top ^
Mon.   New York
Jun.4   New York

May 2009 ... more > Top ^
May.21  New Zealand  Global hunt for accidental millionaires
May.13  Washington  US plans derivatives regulations
May.7   USA
May.4  Washington  Obama to target overseas tax loopholes

April 2009 ... more > Top ^
Apr.22  Washington  Freddie Mac chief found dead
Apr.21  Global  Meltdown losses of '$4 trillion'
Apr.6  Texas  Stanford: 'Clients lost no money'

March 2009 ... more > Top ^
Mar.26  Washington  US plans to rein in Wall Street
Mar.25  Czech Republic  PM attacks Obama spending
 Global  Remittances expected to fall by $15B
Mar.24  Global  IMF announces new lending reforms
Mar.23   Washington
Mar.19  Belgium  EU aims to double emergency cash
 House of Representatives  US lawmakers vote for bonus tax
Mar.13   London
  Switzerland
Mar.12  New York  Madoff admits $50bn fraud scheme
Mar.10  New York  Banking stocks lead markets surge

February 2009 ... more > Top ^
Feb.26  Washington  Obama unveils his $3.6tn budget
Feb.22  Berlin  EU heads back financial clampdown
Feb.21  Ireland  Huge protest over Irish economy
 Washington  Obama hails 'fastest' US tax cut
Feb.19   Virginia
Feb.2  Washington  Obama predicts more bank failures

January 2009 ... more > Top ^
Jan.16   New York

year 2008 Top ^


December 2008 ... more > Top ^
Dec.21   Beijing
Dec.20  Global  IMF urges spending to spur growth
Dec.19   Washington
Dec.16  Washington  Madoff grilling for US watchdog
Dec.15   London
Dec.13   New York
  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
 Madoff ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyramid scheme. Victims of the scheme include some of the world's biggest banks, as well as hundreds of private investors
 Ecuador  Ecuador won't pay foreign debt interest
Dec.11   USA

November 2008 ... more > Top ^
Nov.25   Washington
Nov.24  London  Darling cuts VAT in pre-Budget
Nov.23   Washington
Nov.19   Iceland
Nov.17   New York
Nov.16  Global  IMF head calls for extra funding
Nov.14   Washington
Nov.12  Washington  Paulson: US bail-out working
Nov.6  London  UK interest rates slashed to 3%
Nov.3  Brazil  Itaś and Unibanco to merge operations

October 2008 ... more > Top ^
Oct.29   Washington
Oct.17  Berlin  Parliament passes bank bailout
Oct.14  Washington  Plans to buy stakes in major banks
Oct.12   Paris
Oct.11   Paris
 Washington  IMF in global 'meltdown' warning
Oct.10   Washington
Oct.8   London
Oct.7   United Kingdom
 New York  Wall Street flat as Fed unveils new plan
Oct.6  Luxembourg  EU finance chiefs in crisis talks
Oct.5   Berlin
Oct.4   Germany
  Paris
  Paris
Oct.3   House of Representatives
  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 its shock rejection of an earlier version. Bush praised lawmakers for their spirit of co-operation before signing the bill into law
Oct.1   U.S. Senate Senate backs new bail-out bill

September 2008 ... more > Top ^
Sep.30  Washington  Bush warning over bail-out delay Sep.29   House of Representatives $700 billion bailout package failed  Democrats and Republicans immediately blamed each other for the failure of the bailout package in the House  House of Representatives  Wall Street bail-out goes to vote Sep.28   U.S. Congress US lawmakers publish rescue deal  Washington  Obama and McCain back bail-out package Sep.27  U.S. Congress  'Great progress' in US bail-out Sep.26   Washington Bailout talks implode Sep.25  Washington  Wall St rescue plan 'needs work' Sep.24  Washington  Bush: Bail-out 'vital to easing crisis' Sep.23  U.S. Senate  Congress cool after bail-out plea Sep.21   New York US banks make shock status switch  Goldman Sachs and Morgan Stanley are to become bank holding companies, allowing them to take deposits from investors 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  Washington  US pledges financial rescue plan   Global Central banks moves cheer markets  Markets regained some poise in trading, cheered by news that 6 of the world's top central banks have taken steps to calm credit markets   United Kingdom Barclays agrees $1.75B Lehman deal  British bank Barclays said it had reached a deal to purchase key units of U.S. investment bank, as global markets continued to worry   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 threatens to deal a further...
 New York  Barclays quits Lehman sale talks 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.25  Paris  Obama links NATO troops to U.S. tax cuts Jul.19  Zimbabwe  $100 billion banknotes introduced Jul.16  Washington  US inflation rate at 26-year high Jul.13  Washington  US moves to bolster lending firms Jul.6   Dubai UAE to cancel all of Iraq's $7B debt

June 2008 ... more > Top ^
Jun.11  Cuba  Cuba to abandon salary equality

May 2008 ... more > Top ^
May.29  Global  World Bank pledges $1.2 billion for food May.5  Somalia  Two die in currency riot May.3  Global  Asian bank in food crisis warning May.1  Italy  Income details posted on web

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 Mar.11  European Union  Central banks plan emergency cash

February 2008 ... more > Top ^

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 ^


December 2007 ... more > Top ^
Dec.18  U.S. Senate  Senate passes $70B in war funds Dec.12  Washington  Central banks act on credit fears

September 2007 ... more > Top ^

August 2007 ... more > Top ^
Aug.10  London  Central banks pour money into system

July 2007 ... more > Top ^
Jul.5   Zimbabwe Bulk buy ban amid frenzy

May 2007 ... more > Top ^
May.18  Florida  Shipwreck yields record treasures

April 2007 ... more > Top ^
Apr.30  Venezuela  Venezuela to pull out of IMF, World Bank

year 2005 Top ^

Dec.16  Belgium  EU leaders agree 7-year budget Nov.26  Canada  $4.3bn deal to fight native poverty Sep.7  U.S. Congress  Bush seeks $50bn hurricane relief 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.    The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and...

year 2001 Top ^


year 2000 Top ^

Sep.28   Denmark Denmark rejects euro