Search results
Results from the WOW.Com Content Network
At the October 2015 International Monetary Fund (IMF) annual meeting of finance ministers and central bankers from the IMF's 188 member-countries held in Peru, China's slump dominated discussions with participants asking if "China’s economic downturn [would] trigger a new financial crisis". [7]
The 2015–2016 stock market selloff was the period of decline in the value of stock prices globally that occurred between June 2015 to June 2016. It included the 2015–2016 Chinese stock market turbulence, in which the SSE Composite Index fell 43% in just over two months between June 2015 and August 2015, [1] [2] which culminated in the devaluation of the yuan.
[13] [14] [15] United States bear market of 2007–2009: 11 Oct 2007 USA: From their peaks in October 2007 until their closing lows in early March 2009, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all suffered declines of over 50%, marking the worst stock market crash since the Great Depression era. [16] [17] Financial crisis ...
Your mid-afternoon look at news across the web.
Financial institution that went bust following the Keating Five scandal. Polly Peck: United Kingdom: 30 Oct 1990: Electronics, food, textiles: After a raid by the UK Serious Fraud Office in September 1990, the share price collapsed. The CEO Asil Nadir was convicted of stealing the company's money. Bank of Credit & Commerce International: United ...
We all know the story of the Global Financial Crisis by now. It put an end to the Great Moderation, a period of economic stability after inflation reached insane heights in the early ’80s .
October 10: Hope Now Alliance is created by the US Government and private industry to help some sub-prime borrowers. [182] October 15–17: A consortium of U.S. banks backed by the U.S. government announces a "super fund" of $100 billion to purchase mortgage-backed securities whose mark-to-market value plummeted in the subprime collapse. [183]
The Biden administration has confirmed that the government's usual firehose of economic information is set to abruptly cease if a shutdown this weekend goes forward, with potential effects ...