Global financial crisis of 2008–2009
hideThe global financial crisis of 2008–2009 began in July 2007 when a loss of confidence by investors in the value of securitized mortgages in the United States resulted in a liquidity crisis that prompted a substantial injection of capital into financial markets by the United States Federal Reserve, Bank of England and the European Central Bank. The TED spread, an indicator of perceived credit risk in the general economy, spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008. In September 2008, the crisis deepened, as stock markets worldwide crashed and entered a period of high volatility, and a considerable number of banks, mortgage lenders and insurance companies failed in the following weeks.
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News tagged with global financial crisis
The global financial crisis is bad for more than just your pocket
Nov 16, 2009 |
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One in four Australian adults has taken an action that puts their health at risk as a result of the global financial crisis (GFC), according to a new MBF Healthwatch poll.
Installed cost of solar photovoltaic systems in the US fell in 2008
Oct 21, 2009 |
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Researchers at the Department of Energy's Lawrence Berkeley National Laboratory released a new study on the installed costs of solar photovoltaic (PV) power systems in the U.S., showing that the average cost ...
India's Infosys posts 7.5 pct jump in quarterly profit
Oct 09, 2009 |
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Infosys Technologies, India's second-biggest software firm, posted Friday a surprise 7.5 percent quarterly jump in net profit as an improving global economy eased price-cutting pressure.
Airlines wary of 2020 carbon-neutral target
Jun 09, 2009 |
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Crisis-hit airlines said Tuesday that a plan to cap the growth of the industry's emissions by 2020 was ambitious and costly but agreed on the urgency of fighting climate change.
China: Will ensure stimulus protects environment
Jun 05, 2009 |
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(AP) -- China said Friday it will strictly monitor the government's economic stimulus package for projects that cause pollution, addressing worries that officials would ignore the environment in an effort to maintain China's ...
Global CEOs back greenhouse gas cuts, carbon caps
May 26, 2009 |
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(AP) -- A global summit of business leaders urged governments to order steep and mandatory cuts in greenhouse gases Tuesday, favoring a cap-and-trade system instead of a tax to set a market price for carbon ...
Gore, others urge CEOs to back climate change deal
May 24, 2009 |
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(AP) -- Climate-change heavyweights U.N. chief Ban Ki-moon and Nobel prize winner Al Gore urged more than 500 business leaders on Sunday to lend their corporate muscle to reaching a global deal on reducing ...
