Recession fears drive stocks sharply lower
Mounting fears that global financial turmoil will now spark a recession in Europe and the United States rattled investors and sent share prices plunging on Wednesday.
World recession fears mount after finance crisis
Fears grew Wednesday that the financial crisis will mutate into a worldwide recession with leaders calling for new global action to counter the economic slowdown.
G8 Backs Brown's Bank Crisis Plan
The G8 has backed Gordon Brown's call for an international summit to discuss reform of the failing global financial system.
ECB unveils major measures to boost market liquidity
The European Central Bank (ECB) moved Wednesday to make it easier and cheaper for eurozone banks to borrow dollars and Swiss francs, announcing procedural changes that one analyst called "huge.
Bernanke sees slow US recovery
Federal Reserve chairman Ben Bernanke said Wednesday that a recovery from the financial crisis "will not happen right away" but that the US economy will eventually emerge "with renewed vigor."
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Mounting fears that global financial turmoil will now spark a recession in Europe and the United States rattled investors and sent share prices plunging on Wednesday.
World recession fears mount after finance crisis
Fears grew Wednesday that the financial crisis will mutate into a worldwide recession with leaders calling for new global action to counter the economic slowdown.
G8 Backs Brown's Bank Crisis Plan
The G8 has backed Gordon Brown's call for an international summit to discuss reform of the failing global financial system.
ECB unveils major measures to boost market liquidity
The European Central Bank (ECB) moved Wednesday to make it easier and cheaper for eurozone banks to borrow dollars and Swiss francs, announcing procedural changes that one analyst called "huge.
Bernanke sees slow US recovery
Federal Reserve chairman Ben Bernanke said Wednesday that a recovery from the financial crisis "will not happen right away" but that the US economy will eventually emerge "with renewed vigor."
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