Central banks around the world have been forced to pump billions of additional funds into troubled financial markets.
The European Central Bank, the Bank of England and Swiss National Bank have collectively put up 74 billion dollars. This comes after US political leaders failed to agree on a 700-billion-dollar financial rescue package during emergency talks at the US leaves rates unchanged at 2% ...
House prices 'fall 10.5% in year' ...
Fresh record for euro inflation ...
Obama calls for political solution for Iraq ... White House on Thursday. Lawmakers say they are willing to negotiate through the weekend to reach a deal. Meanwhile there is uncertainty whether the first televised debate between presidential contenders Barack Obama and John McCain will go ahead as scheduled on Friday. McCain says he is reluctant to participate without a deal being reached on the bailout. Obama inists that the debate should go ahead, arguing that the American people wanted to have the issue aired.
(Deutsche Welle)
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