FINANCE 
A businessman rushes through Times Square in New York (Getty Images)
Panic reigns on world markets
Governments scrambled for emergency measures to protect savers, shore up confidence in banks and shield them from a potentially catastrophic cash exodus today amid more panic on global stock markets. read more...
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Interest rates cut by 1 percent
The Federal Reserve Bank of Australia has cut the official interest rate by one percent, to 6.00 percent. read more...
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Aussie stocks recover after tumble
Australian stocks were lower at noon as the market anticipates an interest rate cut by the Reserve Bank of Australia this afternoon, and after heavy losses on Wall Street. read more...
Aussie market follows global plunge
Tuesday, 7th October,2008The Australian share market has lost more than three per cent shortly after opening, following the global plunge in stocks overnight. read more...
Banks tapped Future Fund for extra cash
Tuesday, 7th October,2008Three of Australia's largest banks have obtained long-term loans from the Future Fund as cash dried up from other sources, The Australian reports. read more...
RBA expected to cut rates by 0.5 per cent
Tuesday, 7th October,2008The Reserve Bank of Australia is widely expected to cut official interest rates today but borrowers have been warned not to expect too much relief. read more...
Financial recovery will take time: Bush
Tuesday, 7th October,2008US President George W Bush has told worried Americans it will take time for the Wall Street bailout bill to take effect and for confidence to return to the markets. read more...
Pizza Hut tries for a pasta revamp in UK
Pizza Hut, one of the world's biggest fast food names, is trying to overhaul its image in Britain by changing its menu in favour of pasta dishes. read more...
'Credit Crunch' chocolate launched
Tuesday, 7th October,2008British department store Selfridge's has launched a new chocolate treat - the "Credit Crunch" - for shoppers looking for comfort food amid the international financial crisis. read more...
Deepening finance crisis causes global market panic
Tuesday, 7th October,2008Desperate measures by governments in Europe and North America to steady the banking system failed to stem panic selling in global markets Monday amid deepening gloom at the scope of the financial crisis. read more...
Aussie dollar falls to three-year low
Tuesday, 7th October,2008The $A has fallen close to $US0.7000 for the first time since September 2004, with the unit losing almost five US cents as markets around the world plunged. read more...
Asian markets endure fresh mauling
Monday, 6th October,2008Asian stock markets suffered a fresh mauling with Tokyo plunging to a four-year low on growing doubts about whether a Wall Street bailout package can stem the global financial crisis. read more...
China can withstand financial crisis: Wen
Tuesday, 7th October,2008China's economy is strong enough to withstand the impact of the global financial crisis and may even help the world by maintaining fast growth, Premier Wen Jiabao was quoted as saying today. read more...
Australian dollar hits two-year low
Monday, 6th October,2008The Australian dollar has sunk to a two-year low amid global growth concerns and expectations of a bigger than usual interest rate cut on Tuesday. read more...
Germany guarantees all private savings accounts
Monday, 6th October,2008European leaders are trying to shore up battered domestic banks and settle a row over how best to guarantee savers' deposits as the EU's 27 finance ministers prepared to meet in Luxembourg. read more...
Banks should pass on maximum interest rate cut possible: Swan
Sunday, 5th October,2008Retail banks must walk a fine line between protecting the interests of the Australian financial system and householders in the face of global market turmoil, says Treasurer Wayne Swan. read more...
European leaders to try to find way out financial storm
Saturday, 4th October,2008European leaders are set to try to cobble together a response to the global financial crisis at a mini-summit this weekend, despite disagreements that killed off talk of a Europe-wide bailout package. read more...
Ireland passes disputed bank guarantee law
Friday, 3rd October,2008Irish lawmakers passed a controversial emergency law guaranteeing bank deposits Wednesday, despite protests that the move gives its financial sector a competitive advantage over neighboring countries. read more...