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Ford Motor Co announced it plans to sell most of its stake in Mazda Motor, the Japanese car manufacturer, citing slow auto sales and the deepening global crisis Photo: BLOOMBERG With its $5 trillion economy and store of cash rich banks, Japan had ...
Read moreJapan in desperate effort to halt its own downward economic spiral - Daily Telegraph
A protester holds a sign as he marches past the New York Stock Exchange during a rally against the Wall Street bail-out. Photograph: Mary Altaffer/AP Shares in Asia, London and the rest of Europe rally for a second day as the financial world waits ...
Read moreBanking crisis timeline - Guardian Unlimited
Gordon Brown will today step up his call for a fundamental overhaul of the international financial system as yet another world leader copied his bailout plan with George W Bush announcing that the US government would take a $250bn share in America's ...
Read moreBrown: we need a new world order in finance - Herald
The notion that Australia's banks are somehow quarantined from the global credit meltdown is under challenge amid a wave of consolidation in the banking sector. Our banks are surely better capitalised than their counterparts in the US and UK yet the ...
Read moreBank mergers just beginning - The Age
Sunday’s Japanese Grand Prix looks likely to set up a thrilling climax to this year’s Formula One championship but, off the track, the sport has gone into reverse gear as the global economy stalls. Oxfordshire-based Williams F1, the only of the ...
Read moreF1 slams the brakes on big spending - Financial Times
The biggest bet in the world By the time G7 finance ministers met on Friday afternoon, they were staring into the abyss. In a desperate effort to restore calm to the markets, they took decisive action and came up with a five-point plan, which ...
Read moreThe biggest bet in the world - Guardian Unlimited
The Treasury today guaranteed that no British customers of Icesave would lose their savings after the Icelandic online bank collapsed yesterday. The Prime Minister issued a blanket guarantee that the 300,000 UK customers would get all their money ...
Read moreTreasury: no British savers will lose cash from Icesave collapse - Times Online
Gordon Brown today vowed to protect British savers who face losing money in the Icesave online bank which collapsed yesterday, and threatened legal action against the Icelandic authorities to force it to honour its obligations. Icesave, the online ...
Read moreGordon Brown vows to sue Icesave to get savers' money back - Times Online
Germany and France put mountains of cash on the table today as they led continental Europe in an offensive to rebuild trust in banks with state guarantees worth over one trillion euros (£780 million). Chancellor Angela Merkel and President Sarkozy ...
Read moreGermany and France lead €1 trillion European bailout - Times Online
BEFORE US Treasury secretary Hank Paulson could address a worried world last Friday night the lights needed fixing in the auditorium of the Office of Thrift Supervision. The recent glare of publicity has literally been too much for the 62-year-old ...
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