A severe, protracted period of deleveraging could impede a return to normal
$4 billion in emergency loans for GM and Chrysler
Relief package lets car makers avoid bankruptcy
Panel will counsel government on next month’s federal budget, economic downturn
The economic and credit outlook for emerging market economies has worsened dramatically as the ‘credit crunch’ that originated in the so-called ‘advanced’ economies contaminates the developing and emerging world, says Fitch Ratings.The negative impact of the recession in the G7 on emerging market economies “is magnified by the sharp curtailment of financing from international banks […]
Province stands firm on passport system of securities regulation
$20 billion deficit is a price worth paying for a faster recovery and a return to consumer confidence
Outlook for financial stability remains uncertain: ECB
Energy, technology, and pharmaceuticals also showing strong potential buying opportunities
Credit conditions expected to show gradual improvement