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14.10.2008, 01:47

Let the market do its job

Amid the financial turmoil, the U.S. President George W. Bush daily delivers his views on the nation’s crippled economy. Those who hope to succeed him in office claim only they know how to get America off its knees. But the one winning the public trust ba

15.10.2008, 13:01

It must be raining cents in Washington

The penny has dropped and U.S. leaders have followed Germany and several other European countries in buying government stakes in banks to boost public confidence and prevent a rush by depositors to stuff their savings under the mattress.

AFP Photo / Jean-Christophe Verhaegen 16.10.2008, 17:18

World financial system needs to be revised – Sarkozy

EU leaders, who are meeting in Brussels, say the current world banking system needs an overhaul. French President Nicolas Sarkozy says that it’s vital to hold talks on the revision of the world financial system by the end of the year, without waiting till

AFP Photo / Mark Ralston 17.10.2008, 17:43

Russian cash to rescue China?

Apart from steep falls in the stock market, Russia has so far escaped the worst of the global financial crisis. That’s according to a source in the Finance Ministry. There’s even talk that Russia could offer a lifeline to troubled Chinese financial instit

25.10.2008, 19:31

Americans loving their dollars

Home repossessions, tight budgets, money worries — that is the bleak story for many Americans in the U.S. But for Americans living in countries such as South Africa who still receive their salaries (or conduct business) in dollars, there is brightness for

World leaders to unite for finance crisis summit

Published: 19 October, 2008, 15:25


U.S. President George W. Bush (L), French President Nicolas Sarkozy (C) and President of the European Commission Jose Manuel Barroso (AFP Photo / Ludovic)

The presidents of the United States and France, as well as the head of the European Commission, have agreed to start consultations with world leaders on holding a series of summits devoted to fighting the global financial crisis – starting next

 
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