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G7 pledges united crisis response but rifts emerge - Reuters

WASHINGTON (Reuters) - Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession. The Group of Seven -- the United States, Canada ...

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G7 vows to fight credit crunch - International Herald Tribune

The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession. In a surprisingly brief statement ...

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G7 vows urgent action to fight credit crunch - Times of India

WASHINGTON: The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession. In a surprisingly brief ...

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Fear grips Indian stock, credit markets - Times of India

MUMBAI/NEW DELHI: 'Thank God it's Friday' could well have been the prevailing market sentiment as the sensex concluded the worst week in its history, shedding almost 2,000 points and wiping out investor wealth worth Rs 6.6 lakh crore in just four ...

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Credit junkies hooked first by out-of-control consumerism - Atlanta Journal Constitution

“The Puritan ethos (save first and enjoy later) was not abandoned. It was merely overwhelmed by the massive power of modern merchandising.” Henry Ford’s genius lay not just in his technological innovations, such as the modern assembly line, but ...

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G7 commit to tackling credit crisis - Channel 4 News

Finance officials from the world's top economic powers have pledged to take all action necessary to stem the worst financial crisis in more than a half-century. The officials from the Group of Seven (G7) countries issued a five-point plan on Friday ...

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Late rally eases the pain, but stocks still fall again - Houston Chronicle

A businessman walks his son to school past the New York Stock Exchange on Friday. NEW YORK — Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before ...

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