The Spanish Government has agreed to set up a 30 billion Euro fund to buy bank assets, while the Russian government has also declared that it is lending its banks-$37 billion to stem financial crisis. The Spanish Government had decided to lend the banks the funds in order spur lending. The main reason behind this [...]
The current economic regression has taken its toll on the United States stocks. Major United States stocks and Corporations including; Dow Jones, Standard and Poor, Washington Mutual Inc, Wachovia Corp, National City Corp, Allegheny Technologies Inc, and US steel Corporation all had their values depleted in the last four months. Standard and Poor’s 500 index [...]
The Economic recession that has been hitting several European countries in recent times has suddenly caught up with the New Zealand Economy, no thanks to the Global credit crunch, fast-rising costs of fuel and food prices as well as drought which has greatly reduced Agricultural outputs. The economic recession hitting New Zealand has been described [...]
