World economy
UK second quarter growth dips to 0.2 per cent
26 Aug 2011
Bank of America dips into Warren Buffett's Berkshire for $5-billion bailout
26 Aug 2011
Besides the $5 billion investment in BofA's cumulative perpetual preferred stock, Berkshire Hathaway will also receive 10-year warrants allowing it to purchase 700 million of common stock at $7.14 per share.
Japanese prime minister Naoto Kan steps down
26 Aug 2011
Kan, Japan's sixth prime minister in five years, has been in office for hardly 15 months.
China may achieve a trade balance next year
24 Aug 2011
Moody’s cuts Japan’s rating amid soaring debt, political turmoil
24 Aug 2011
Hours after the downgrade, the government announced a $100 billion credit facility to help the Japanese economy ride out a spike in the yen in recent weeks amid the global market turmoil, which has battered Japan’s export-led economy
US Fed secretly lent $1.2 trillion to top banks during crisis
23 Aug 2011
Fed chairman Ben Bernanke secretly advanced as much as $1.2 trillion of public money to top US and European banks, dwarfing the $160 billion in public bailouts.
US won't default on debt: Biden tells China
22 Aug 2011
India to clear oil debt to Iran by end-August
22 Aug 2011
UK holds bank rates steady as inflation rises
17 Aug 2011
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