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No correlation between liberalisation of financial markets and growth

This article looks at developing countries and their economic performance. It does not find a link between the liberalisation of financial markets and the economic growth in these countries - contrary to the claims of free market ideologues.

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No correlation between liberalisation of financial markets and growth

This article looks at developing countries and their economic performance. It does not find a link between the liberalisation of financial markets and the economic growth in these countries - contrary to the claims of free market ideologues. technorati tags: political news | news | world news More at: News 2 Cromley

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Treasury to buy assets from troubled money market mutual fund

WASHINGTON | The Treasury Department on Thursday said it is prepared to buy assets from a troubled money market mutual fund to prevent any disruptions to already fragile financial markets.

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David Frum: Why Obama is AWOL on the market meltdown

"The worse Bush looks in 2008, the longer Obama can blame him for the problems of 2009, 2010 and 2011" Thursday was a terrible day in the financial markets. Hit by dire unemployment numbers, equities tumbled, and investors raced for the safety of U.S. government bonds. The interest rate on short-term Treasuries has dwindled to 0.02%; the interest on low-grade corporate bonds has soared...

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AP: Obama Treasury Pick Geithner Could Calm Markets

WASHINGTON — Why aren't the government bailouts working? The presidential transition may be adding to the uncertainty roiling the financial markets. In fact, knowing the names on President-elect Barack Obama's economic team may prove more helpful in calming those stormy markets in the short term than bailout packages that so far haven't had much payoff. After two days of steep...

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Leaking Geithner: Good News for Currencies, Markets

Kathy Lien submits: On a day when the market had nothing to be happy about, the leak of President-elect Barack Obama’s Cabinet announcements have erased one major uncertainty for the financial markets, helping equities and currencies recover. The NY Times reports that Hillary Clinton has accepted the post of Secretary of State and NBC reports that Timothy Geithner will be named...

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Treasury to prop up money market fund

The Treasury Department on Thursday said it is prepared to buy assets from a troubled money market mutual fund, part of an effort to prevent further disruptions to already fragile financial markets.

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Did the Pope predict the meltdown of world financial markets?

Catholic World News (CWN) Feature Stories Nov. 21, 2008 ( CWNews.com ) - Did Pope Benedict predict the current worldwide financial crisis? During the past few days dozens of newspapers have run a report suggesting that the Pope had warned about the coming financial meltdown, more than 20 years ago. But more sober analysis shows that the then-Cardinal Ratzinger had something quite different...

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The One Global Market Where There are Gains Behind the Gloom

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report It’s easy to be gloomy when it comes to the financial markets. It’s even easier to write off... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first.

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Stocks Drop Sharply and Credit Markets Seize Up

As a new bout of fear gripped the financial markets on Thursday, stocks fell sharply again, and the credit markets seized up as confidence in the nation’s financial system ebbed. Source

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G-20 declaration on financial crisis

Economic Issues: News & Videos about Economic Issues - CNN.com A group of nearly two dozen world leaders on Saturday reached agreement on a wide-ranging set of proposals to better regulate financial markets. Their goal is over the next several months to put rules and early-detection systems in place to head off another financial crisis like [...]

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China: The One Global Market with Gains Behind the Gloom

Keith Fitz-Gerald submits: It’s easy to be gloomy when it comes to the financial markets. It’s even easier to write off China. Complete Story »

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Stocks Drop Sharply and Credit Markets Seize Up

As a new bout of fear gripped the financial markets, stocks fell sharply again on Thursday, continuing a months-long plunge that has wiped out the gains of the last decade, Vikas Bajaj and Jack Healy reported. The credit markets seized up as confidence in the nation’s financial system ebbed and people rushed to put money in [...]

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Depression 2.0: Falling Stocks, Credit Markets Frozen

Thursday was not a good day for the nation's financial system , as Wall Street suffered a 5.6% loss and bond prices rose sharply as investors rushed to purchase Treasury securities: As a new bout of fear gripped the financial markets, stocks fell sharply again on Thursday, continuing a months-long plunge that has wiped out the gains of the last decade. The credit markets...

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FINANCIAL CRISIS: Market gloom eases on hopes of Wall Street rally

After taking a hammering in early trading, Asian stocks closed higher on Friday, fuelled in part by speculation over a massive restructuring of American banking giant Citigroup. European markets were stable at the start of trade.