Word: parise
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Wednesday's activity reflected that measured concern dominating the ebullience that drove the previous two sessions. Apart from Tokyo's Nikkei - which ended the day 1.1% higher - bourses across Asia all slumped. Hong Kong's Hang Seng lost 5%, for example, following its 13% surge earlier in the week. Europe...
Since Brown unveiled his plan to recapitalize British banks on Oct. 8, his day has yet to end. Downing Street phones ring off the hook as policymakers and financiers vie for a few minutes of his wisdom. When he's not doling out advice, he's meeting with his economic...
Vanishing Credit One of the main consequences of the financial crisis is that credit will be a lot harder to obtain. That's already happening in the U.K., for example, where the volume of home mortgages approved by lenders fell dramatically in August. Including other forms of consumer credit, total...
In throwing a lifeline to their banks, European governments are insisting these institutions resume their stalled lending to businesses and individuals. But it's clear that even if all goes according to plan, the sort of carefree dishing out of credit that marked the financial sector - and which both underlay...
Paris, France Wrapped in a brown apron as he greets visitors in a warm, booming voice, François Bonduel owns the kind of Parisian restaurant beloved by tourists and locals alike. But these days - with the euro still relatively strong and economies seizing up around the globe - the foreign...