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Global Response

Coordinated effort to save world economy

Two words that are on everyone´s lips in Washington are coordination and cooperation, with most recognizing that no country will be spared, and none can take on the crisis alone.

Joint Action More
  • APEC calls for continued stimulus
  • Backgrounder: Major international meetings on fighting world financial crisis
  • Steel city gets ready for G20 Summit
  • G20 Summit kicks off in Pittsburgh
  • Backgrounder: Basic facts about Group of 20
  • Security tightened for G20 Summit
  • G20 summit to map recovery route
  • Preview of G20 Pittsburgh Summit
  • G20 aims to ease financial crisis
  • EU leaders to meet for common positions at G20 summit
China More
  • China to maintain trade stimulus after incentives pay off
  • China lists key industries to support
  • China wins applause as economic recovery accelerates
  • China´s foreign trade to grow 15% next year: report
  • China aims high on consumer spending for sustainable growth
  • China´s banking authority reiterates credit quality, pace control after lending spree
  • Chinese official warns of overcapacity amid industry recovery
  • Chinese minister: stability of RMB exchange rate good for world recovery
  • Consumption stimulus to extend into 2010
  • China economy needs to be driven by household consumption
America More
  • More small-business bankruptcies reported in California
  • U.S. economy rebounds slower than previously thought
  • Third largest U.S. radio broadcaster files for bankruptcy
  • Obama seeks bipartisan job-boosting effort
  • Bank of America repays government bailout money
  • U.S. to extend financial bailout program to October 2010
  • Obama to extend bailout funds
  • Bernanke cautious on US economic recovery
  • U.S. economic expansion to be moderate: Bernanke
  • Bernanke defends for US Fed´s actions during financial crisis
Asia-Pacific More
  • Japan´s economy "picking up": Cabinet Office
  • S Korea revises up 2009 growth to 0.2%
  • Indonesia´s central bank urges investors to not over-react to Dubai World´s case
  • Bank of Japan chief vows to tackle economic woes
  • S Korea sees "limited" impact of Dubai debt crisis
  • Dubai World mulls four options of debt repayment
  • Australian gov´t´s stimulus measures vindicated: treasurer
  • No plans for third stimulus package: Malaysian official
  • Malaysia to strengthen tax base to raise gov´t revenue: PM
  • Australian gov´t on track to deliver profound economic reform
Europe More
  • EU approves extension of Britain´s financial bailout plan
  • Switzerland to lend IMF 10 bln dollars for tackling crisis
  • British bank RBS to cut 9,000 more jobs
  • EU members inject 3 trillion euros to fight economic crisis
  • Germany, France back tougher global financial regulations
  • EU countries urged to stay united amid economic crisis
  • EC proposes measures to tighten financial supervision
  • ECB cuts interest rate to counter recession
  • British central bank might "print cash" to ease recession
  • Merkel rejects East European bailout plan
Other countries More
  • Government of Canada´s Ontario announces new measures to support apprentices
  • Brazil president predicts better shape of national economy next year
  • Cuba endeavors to raise farm output amid economic downturn
  • Public banks accountable for Brazil´s recovery: minister
  • Philippine "Hot Money" in Jan-July reaches $265 mln
  • Philippines´ SM Investments Corp net income up 14% in first half
  • Brazil´s default ratio up 2.8% in July
  • Interest rates in credit to citizens down to 7.21% in Brazil
  • Malaysian government urged to aid SMEs
  • Myanmar targets $35 mln from crab export in 2009-10
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