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Reykjavik. Photograph: Olivier Morin/AFP Confused and angry Icelanders were yesterday wondering why Britain appeared to be doing its best to push their country over the edge. A leading Icelandic economist has already warned...
WASHINGTON (Reuters) - Finance leaders from the world's rich nations pledged a coordinated response to the credit crisis on Friday but stopped short of backing a British plan to guarantee lending between banks.
MOSCOW (RIA Novosti economic commentator Oleg Mityaev) - Apart from the trillions of rubles allocated for short-term and mid-term financing of the banking system, Russia's largest banks will receive another 950 billion rubles...
PARIS (Reuters) - France banned Friday the sale of two brands of Chinese-made sweets and biscuits that it said had been contaminated with malamine-tainted milk -- the latest country hit by the widening health scandal.
By Jim Wolf WASHINGTON (Reuters) - Italy has decided against taking part for now in a coming stage of the international F-35 fighter aircraft program, Lockheed Martin Corp, the primary contractor, said Friday. "Italy was...
Why are the markets tanking? The root cause is the condition of the world's financial system, and the health of the banks. The banks are unwilling to lend to each other for even a day, and are increasingly wary of lending to...
