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Asia stocks drop for 5th day on unending crisis (Reuters)
08-10-2008 11h38Reuters - Asian stocks fell about 4 percent, down for a fifth consecutive day, and government bond prices rose on Wednesday as fears of a looming global recession grew with no sign of a coordinated response or an end to the worsening financial meltdown.
Asian stocks tumble; UK readies bank rescue (Reuters)
08-10-2008 13h00Reuters - Asian stocks tumbled after a devastating day on Wall Street and Hong Kong became the latest economy to slash interest rates as pressure grew for a coordinated, global response to the biggest financial crisis since the Great Depression.
Wells could win 75-80 percent of Wachovia deposits: source (Reuters)
08-10-2008 07h13Reuters - Wells Fargo & Co is likely to get about 75 to 80 percent of Wachovia Corp's deposits, while Citigroup Inc would get the remainder, a person briefed on the matter said on Tuesday.
Central banks try new methods amid market mayhem (Reuters)
08-10-2008 12h37Reuters - Central banks across Asia stepped up to offer more support to commercial banks on Wednesday, to try to ease painful pressure on funding costs from a vicious global credit squeeze.
Alcoa third-quarter net down; cutting back spending (Reuters)
08-10-2008 08h44Reuters - Aluminum producer Alcoa Inc said it was halting major capital projects in the face of uncertain markets, after it posted a lower-than-expected quarterly profit on softer demand in key sectors like the aerospace and auto industries.
Harper sees possible stock-market bargains (Reuters)
08-10-2008 04h22Reuters - Canadian Prime Minister Stephen Harper said on Tuesday he is concerned about the sharp falls in Canadian stock markets but said there may be some good stock bargains out there now.
Consumer credit marks first fall since January 1998 (Reuters)
08-10-2008 05h02Reuters - U.S. consumer borrowing fell for the first time in more than a decade in August amid tighter credit markets, tougher lending standards and declining consumer spending, a Federal Reserve report showed on Tuesday.
September consumer sales drop sharply: MasterCard (Reuters)
07-10-2008 13h23Reuters - U.S. shoppers worried by shrinking bank and retirement accounts tamped down spending across the board in September as the country's financial crisis worsened, MasterCard Advisors said in a report on Tuesday.
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