http://www.webalalza.com/massmedia Economy, finance, business... Sat, 01 Nov 2008 05:00:00 +0000 http://backend.userland.com/rss092 en You normally wouldn't think twice about putting cash in a money-market fund. But when America's original money fund company, The Reserve, announced in mid-September that investors in its Primary Fund would lose money, the news sent a chilling reminder to savers - who keep $3.4 trillion in such funds - ... http://www.webalalza.com/massmedia/2008/10/31/Are-money-funds-safe-now/ NEW YORK (Reuters) - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall on Wednesday. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Markets-tumble-on-recession-fears/ Wall Street shares plummet on fresh fears of a global recession despite moves to strengthen the financial system....Original Source: news.bbc.co.uk http://www.webalalza.com/massmedia/2008/10/15/Recession-fears-knock-US-shares/ NEW YORK (Reuters) - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets tumbling on Wednesday. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Recession-fears-as-Fed-warning-hits-markets/ NEW YORK (Reuters) - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets tumbling on Wednesday. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Recession-fears-deepen-as-Fed-warning-hits-markets/ BRUSSELS (Reuters) - France, Britain and Germany led calls on Wednesday for an overhaul of the world's financial system aimed at preventing a repeat of the worst credit crisis since the Great Depression while markets slumped again. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/quotBig-Threequot-urge-global-finance-shake-up/ Stock markets slump on fresh fears of a global recession despite moves to strengthen the financial system....Original Source: news.bbc.co.uk http://www.webalalza.com/massmedia/2008/10/15/US-shares-drop-on-recession-fears/ LONDON (Reuters) - The Bank of England will on Thursday outline plans for reforms to its discount window for emergency overnight bank lending, which banks have avoided over the past year because of fears of negative publicity. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Bank-to-outline-new-discount-window-plan/ NEW YORK (Reuters) - The turmoil in credit markets poses a "significant threat" to an already slowing U.S. economy, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting an openness to further interest-rate cuts. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Bernanke-says-US-economy-faces-threat/ BRUSSELS (Reuters) - Britain and Germany joined a French call on Wednesday for an international summit this year to overhaul the world's financial order aimed at preventing a repeat of the worst credit crisis since the Great Depression. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Leaders-seek-global-finance-summit/ BRUSSELS (Reuters) - Banks will pay 1 billion euros (779 million pounds) over a two-year period under Ireland's guarantee scheme, Finance Minister Brian Lenihan said on Wednesday. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Banks-to-pay-1-billion-euros-for-Irish-guarantee/ BRUSSELS (Reuters) - Prime Minister Gordon Brown called for an overhaul of regulation for the world's financial system on Wednesday to crack down on excessive risk-taking that he believes contributed to the credit crunch. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Brown-calls-for-global-overhaul-of-regulation/ NEW YORK (Reuters) - Oil dropped nearly $3 on Wednesday, touching 13-month lows on expectations that the deepening economic slowdown will cut into already weakening demand. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Oil-hits-13-month-low/ LONDON (Reuters) - The top share index lost 7.2 percent on Wednesday, ending a two-day rally, as commodity stocks slumped amid growing fears of global recession. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/FTSE-drops-72-percent-on-recession-fears/ WASHINGTON (Reuters) - The turmoil in credit markets poses a "significant threat" to an already slowing U.S. economy, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting an openness to further interest-rate cuts. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Bernanke-says-US-economy-facing-big-threat/ LONDON (Reuters) - Unemployment shot up at its fastest pace since the early 1990s recession this summer and experts are predicting even bigger rises ahead as the financial crisis takes it toll on companies right across the economy. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Jobless-rate-soars-on-weak-economy/ LONDON (Reuters) - Unemployment shot up at its fastest pace since the early 1990s recession this summer and experts are predicting even bigger rises ahead as the financial crisis takes it toll on companies right across the economy. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Unemployment-posts-biggest-rise-since-1991/ LONDON (Reuters) - Unemployment shot up at its fastest pace since the early 1990s recession this summer and experts are predicting even bigger rises ahead as the financial crisis takes it toll on companies right across the economy. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Jobless-soars-on-weak-economy/ LONDON (Reuters) - The Bank of England will outline plans on Thursday for reforms to its money market operations, it said on Wednesday. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Bank-to-unveil-money-market-reforms-on-Thursday/ PARIS (Reuters) - European shares sank 6.7 percent on Wednesday, snapping a sharp two-day rally, on mounting fears that bold government moves to tackle the credit crisis would not prevent the global economy from tipping into recession. ...Original Source: feeds.reuters.com http://www.webalalza.com/massmedia/2008/10/15/Spectre-of-global-recession-hits-stocks/