G-7 reaffirms commitment to protect financial system
The world’s leading economies are working to facilitate liquid, smooth functioning markets
- By: Megan Harman
- September 22, 2008 September 22, 2008
- 10:03
The world’s leading economies are working to facilitate liquid, smooth functioning markets
North American stock markets ended sharply higher last week after the announced bailout
Up to US$700 billion of securities will be issued under the proposed plan
Morgan Stanley then reaches into an agreement in which 20% of itst equity would be sold to Japan's Mitsubishi UFJ Financial Group Inc.
Move follows similar actions taken by the U.S. Securities and Exchange Commission and Britain’s Financial Services Authority
Firms will still have to bear a share of the losses
AGF, RIM earnings on deck
TSX jumps 7%
Candidate profile: Tim Robson
U.S. Treasury to shore up money market funds
Candidate profile: Brent Fullard
Dow soars 400 points as central banks boost liquidity
Wholesale sales up 2.3% in July
BIS report examines how the excessive easing of lending standards touched off the credit crisis
Asian markets pare losses; European bourses trading higher
AIG bailout fails to stem selloff on Wall Street
Downward pressure on asset prices continues despite AIG takeover
Oil prices revive ahead of inventory report
Financials, metals drag TSX lower
Moderation in inflation leaves room for Fed to cut interest rates
Fourth straight monthly increase
Fed rate decision on deck
Toronto stocks drop more than 500 points