AP - WASHINGTON AP) Seeking to combat a spreading global financial crisis, the International Monetary Fund said Sunday it had reached a tentative agreement to provide Ukraine with $16.5 billion in loans and announced that emergency assistance for Hungary had cleared a key hurdle.
Reuters - Hungary has reached agreement with the International Monetary Fund and European Union on a broad economic rescue package, including substantial financing, to stabilize its economy rocked by the global financial crisis, the IMF said on Sunday.
AP - WASHINGTON AP) Seeking to combat a spreading global financial crisis, the International Monetary Fund said Sunday it had reached a tentative agreement to provide Ukraine with $16.5 billion in loans over the next two years.
AFP - The 2012 London Olympics will help boost the British economy as it battles through current global economic chaos, the minister in charge of the games said in an interview on Saturday.
AFP - The European Commission Saturday urged greater competition in the union's telecommunications sector, rejecting calls from operators for a moratorium because of the global financial crisis.
AFP - World stock markets plunged deep into negative territory Friday as gloom gathered over the global economy and dismal corporate news left investors stunned.
AP - Stocks sank, the pound and euro plunged, and company after company delivered bad profit news Friday as Europe got another severe jolt from the global financial crisis.
AP - Asian and European leaders agreed Friday that the rules guiding the global economy should be rewritten and the International Monetary Fund should be given a lead role in aiding countries hit hardest by the financial crisis.
AP - The British pound tumbled against the dollar on Friday, weighed down by dismal economic data, while the euro also dived on worries about Europe's exposure to emerging markets, particularly its crisis-stricken eastern neighbors.
AFP - The British economy is on the edge of a recession, according to official data on Friday which showed that it shrank by 0.5 percent in the three months to September, for the first time since 1992.
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