» 09/25/2008, 00.00
Markets drift lower ahead of decision from Washington
The signs point downward, as central banks continue to inject money into the market. Bush is asking Congress to pass the bailout plan to avoid "economic disaster". But a number of people are criticizing the plan, saying that it risks making the situation worse.
30/09/2008 ASIA - U.S.
Depth of the abyss of economic, social, political chaos
The worldwide financial situation was disastrous even before the rejection of the U.S. emergency plan. The Paulson plan for 700 billion dollars is enormous (432,10% of the total U.S. deficit), but it pales in comparison to the mountain of financial paper in circulation, well above 20% of global economic production.
Asian markets slump in response to U.S. financial rescue plan
Despite a new injection of liquidity by the central bank, Tokyo's stock market closes 1.26% lower. Other indices also negative. The emergency plan to stabilize the economy still has many opponents among both Democrats and Republicans. Voting will be held today in Washington.
Concerns over US plan: Asian markets drop
Following recent gains, markets are down again by an average 2%. Doubts over the bail-out plan. The price of oil and gold climb.
Economy to get double whammy
Economic forecast for the next three months indicates storm ahead as stock and credit markets collapse. The cost money is set to go up as the fight against inflation gets rougher. The dollar’s plunge could be followed by that of the euro, because of politics.
Hong Kong, Shanghai, Tokyo, stock markets fall due to oil prices and credit crises
By midday stock markets in the far east were down percentage points, feeling the knock on effects of Wall Street’s worst performance in two years. Automotive companies hit.
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