President George W.
Bush has vowed that his administration would meet the serious challenges facing financial markets a day after the Federal White House defends decision to bail out AIG ...
Deutsche Bank to buy 30 percent of Postbank ...
Australia lowers interest rates ...
Bush aides 'may have broken law' ... Reserve announced it would inject 180-billion-dollars into the banking system to boost liquidity. Speaking at a news conference at the White House, Bush said the federal government will continue to act to strengthen and stabilize our financial markets and improve investor confidence. Bush's comments came after six of the world's largest central banks implemented co-ordinated measures to boost liquidity on global money markets. Meanwhile stock markets around the world are showing signs of recovery.
(Deutsche Welle)
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