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October 6, 2008 2:07:15 PM CDT


Stories related to: global credit

Stories

2 Stories

  • August 2007
    • 'Blood Hits Streets' as Asian Markets Plunge

      'Blood Hits Streets' as Asian Markets Plunge

      (Newser) - Asian stock markets continued to slide today, pounded by fears of a global credit squeeze, recording their most precipitous drop in five years, Reuters reports. South Korea's Kospi index skidded 6.9 percent as major corporations and financial institutions took horrific beatings. Australia's Rams Home Loans Group revealed it can't refinance $5 billion of debt, and Toyota, Samsung and the Japanese Bank Mizuho suffered major falls. More »

      Tags

      stock market   Toyota   Asian markets   Asia   Samsung   global credit   Kospi index

    • Japan Pumps Cash Into Market

      Japan Pumps Cash Into Market

      (Newser) - The Bank of Japan pumped $5.1 billion into the Japanese financial system today as the  global credit crunch continued to ripple through the Asian markets, Bloomberg reports. Adding to the jitters, Japan's growth is slowing more markedly than economists predicted; the world's second-largest economy expanded by only 0.5% in the last quarter, compared to 3.2% the previous quarter. More »

      Tags

      stock market   subprime mortgages   Japan   Bank of America   finance   Asian markets   GDP   Nikkei   Japanese economy   Bank of Japan   global credit

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