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USA UK and Malta News
22/09/2008 - 19:45

USA Today Editoweb 22 septembre 2008

Banks, Wall Street firms borrow more from Fed - Jobless claims rise due to Hurricane Gustav - Fed leaves key rate unchanged.



Banks, Wall Street firms borrow more from Fed

Banks and Wall Street firms ramped up borrowing from the Federal Reserve's emergency lending facility over the past week, a fresh sign of the credit stresses plaguing the country.

Jobless claims rise due to Hurricane Gustav

New applications for unemployment benefits rose unexpectedly last week, largely due to Hurricane Gustav, the government said Thursday, adding further strain to the economy.

Fed leaves key rate unchanged

.The Federal Reserve kept a key interest rate unchanged Tuesday, saying that strains in financial markets have "increased significantly" but that it would keep an eye on them and act, if needed

Stocks fall as investors await bank bailout plan

Financial markets pulled back in uneasy trading Monday as investors awaited details of the government's plan to buy $700 billion in banks' mortgage debt. The Dow Jones industrial average fell more than more than 200 points while the credit markets remained nervous, but not showing the signs of panic that Treasury trading saw last week.

Doubts about US bailout weigh on US, European stocks

US and European equity markets fell hard Monday as doubts mounted about the effectiveness of a much-vaunted US rescue package that US lawmakers are about to debate.

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