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Internationally coherent actions urged as financial crisis threatens global economy (People's Daily) The International Monetary Fund(IMF) and the World Bank concluded their annual meetings in Washington Monday, calling for internationally coherent and decisive actions to restore confidence in the global financial system and bolster economic growth. &$ &$WORLD economy TO SLOW SHARPLY&$ &$ The world economy will slow down sharply this year and next, with the United States and some other advanced ... Australia to spend $7.4 billion to boost economy (AP via Yahoo! Finance) The government announced Tuesday it would pour 10.4 billion Australian dollars into Australia's economy to try to protect it from the global financial meltdown. Rudd to Spend A$10.4 Bln to Guard Australian Economy (Update3) (Bloomberg) Oct. 14 (Bloomberg) -- Australia will give pensioners, home buyers and families A$10.4 billion ($7.3 billion) in a spending package to boost the economy as the global financial crisis freezes credit and slows growth. Policy makers review global financial crisis impact on economy (Outlook India) Prime Minister Manmohan Singh on Tuesday reviewed the impact of the global financial crisis on the Indian economy and the steps taken hitherto with key policy makers, including Finance Minister P. Chidambaram and RBI Governor D. Subbarao. U.S. Stocks Turn Negative As Focus Turns To Global Economy (Fox News) U.S. Stocks Turn Negative As Focus Turns To Global Economy Africa: Continent is New Frontier of Global Economy (AllAfrica.com) Africa is the new frontier of the global economy, says John A. Simon, U.S. ambassador to the African Union. US campaign focuses on economy as election looms (AFP via Yahoo! News) The US presidential campaign settled into a straight fight over the economy on Monday as global financial turmoil focused both candidates on how to help Americans worried about their future. Advani asks PM to come clean on global financial crisis (New Kerala) Kozhikode, Oct 14: Senior Bharatiya Janata Party (BJP) leader L.K. Advani Tuesday asked Prime Minister Manmohan Singh to clarify the impact of the global financial crisis on the Indian economy, saying that the government was not transparent on the issue. Rudd to Spend A$10.4 Bln to Guard Australian Economy (Update1) (Bloomberg) Oct. 14 (Bloomberg) -- Australian Prime Minister Kevin Rudd announced a A$10.4 billion ($7.3 billion) spending package to boost the economy as the global financial crisis freezes credit and slows growth. German economy teetering on recession, think tanks warn (AFP via Yahoo! UK & Ireland News) The global financial meltdown has pushed Germany to the edge of recession, with growth of Europe's biggest economy set to grind almost to a halt next year, top think tanks said Tuesday. |
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