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financial crisis

09/10/2008 - TOP STORY

Is cheap oil back?

The financial crisis is causing oil prices to plummet. Wednesday, the price for a barrel of oil dropped to 88 dollars. How will it affect oil-producing countries and average consumers?
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In The Papers

France 24 journalists present a daily round-up of the international press.
FINANCIAL CRISIS
Iceland sinks further into crisis
After taking over two more of the country's biggest banks, the Icelandic government announced that negotiations with Russia over a four-billion euro loan would start Tuesday in Moscow.
FINANCIAL CRISIS
Market turmoil continues despite rates cut
World stock values continued to fall despite interest rate cuts announced by central banks. Losses ranged from 5.18% in London to 8% in Vienna. The Dow Jones lost 2.21% and the Nasdaq fell by 0.81%.
10/12/2008 - THE WEEK IN THE AMERICAS

Does the Paulson plan add up?

In this edition: all hopes are resting on the Paulson Plan to heal the effects of the financial crisis; zoom in on the dozen states that will make all the difference in the race to the White House; and the Lula phenomena in Brazil.
FINANCIAL CRISIS
IMF says global economy faces a painful recovery
The International Monetary Fund said that the financial crisis has had a big impact on global economies and has "badly shaken confidence in global financial institutions and markets".
FINANCIAL CRISIS
France to create new programme to aid banks
Following measures taken by European governments to protect banks from the financial crisis, French PM Francois Fillon announced Wednesday that the government would create a new "legal structure" to save failing banks.
FINANCIAL CRISIS
Central banks cut rates to stem financial crisis
The US Federal Reserve lowered a key US interest rate by half a point to 1.5% on Wednesday, joining a coordinated world effort to spur economic growth and stem carnage on financial markets.
FINANCIAL CRISIS
European markets drop, Russia's plunges
European stocks dropped quickly on Wednesday, following huge falls in Asia. Trading was frozen on Russia's two main stock markets after plunges of more than 11% on opening, while the FTSE 100 index fell 5.58%.
FINANCIAL CRISIS
Britain unveils bailout for banks
The British government announced Wednesday a bank-rescue plan including a 50-billion-pound partial privatisation of banks and a 200-billion-pound credit line. Despite the move, London's FTSE 100 index fell 1.64% at the start of trading.
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