More turmoil hits Asian markets Wed, 08 Oct 2008 00:26:42 -0000 Asian markets plummet in early trading after Wall St stocks closed at their lowest levels for five years. IMF in 'severe downturn' warning Tue, 07 Oct 2008 13:00:42 -0000 The global economic downturn is likely to worsen as the financial crisis continues, says the International Monetary Fund. Tata announces new plant for Nano Tue, 07 Oct 2008 13:12:24 -0000 India's Tata Motors is to build the world's cheapest car, the Nano, in Gujarat state following a row over land for its original site.
NYT > World Business
Two Countries Plan Rescues as European Leaders Continue to Talk Tue, 07 Oct 2008 23:52:24 -0000 Britain and Spain moved to mount separate rescues of their financial industries, a move that comes at a time when European economic weakness gives signs of deepening.
Iceland Seeks Emergency Loan From Russia Tue, 07 Oct 2008 17:44:17 -0000 In addition to seeking the $5.4 billion loan from Russia, Iceland pegged its currency to an index and took control of one of its largest banks as it struggled to keep its economy afloat.
Britain Considers a Plan to Help Its Banks Tue, 07 Oct 2008 17:48:26 -0000 Amid speculation that the government was preparing a plan to recapitalize Barclays, Lloyds TSB and the Royal Bank of Scotland, investors continued to punish their shares.
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