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Entries for October 2008

Bank voted unanimously on rate cut
Bank of England Rate Setting Committeevoted 9-0 to cut UK's rates
By michael @ 11:14 AM :: 760 Views :: Article Rating :: Read More..
UK Government borrowing hits record high

 Public-sector loans totalled £8bn last month which is the worst September figure ever.

By richard @ 3:43 PM :: 814 Views :: Article Rating :: Read More..
Europe & UK Acts in Concert to Aid Banks With Fresh Capital

 European nations and the United States unveiled a staggering and coordinated series of multi-billion dollar rescue packages

By chrisbell @ 4:06 PM :: 794 Views :: Article Rating :: Read More..
US stocks slide to five-year low - 40% of what it was a year ago

 Dow Jones index tumbling to 8500 - Many think the bottom is at 7000 or 50% of Peack last year

By blossom @ 12:26 AM :: 782 Views :: Article Rating :: Read More..
Central banks cut interest rates to buoy global economy

US, EU, Britain, Sweden, Canada and Switzerland all cut rates to try and regenerate confidence

By michael @ 3:44 PM :: 653 Views :: Article Rating :: Read More..
Dow's Black Tuesday - UK Government to unveil bank rescue

The UK government is poised to announce details of a £50bn rescue package

By richard @ 12:09 AM :: 542 Views :: Article Rating :: Read More..
Germany's finance ministry has agreed a 50bn euro plan to save one of the country's biggest banks.
Another top European bank is on the brink of collapse.
By catherine @ 10:09 AM :: 361 Views :: Article Rating :: Read More..