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The cost, in rands, of a Zim bail-out
If South Africa loans Zimbabwe R6-billion, we won’t have an emergency fund for natural disasters, reports Maya Fisher-French.
Bailout
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Obama: US to survive economic ‘day of reckoning’
President Barack Obama sought to strike a delicate balance between hope and reality on Tuesday to reassure Americans mired in the economic crisis.
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Obama to unveil plan for troubled housing market
Barack Obama was set on Wednesday to unveil a plan to stabilise the troubled housing market, a main cause of the economy’s deepening slump.
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US Congress passes stimulus, EU recession deepens
Congress passed a -billion stimulus plan to jump-start the economy on Friday, as G7 finance chiefs vowed to ward off the specter of protectionism.
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European car sales in 20-year slump
European new cars sales fell 27% in January to the lowest level for 20 years, trade data showed on Friday.
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Kings of Wall St to defend use of bailout to Congress
The kings of Wall Street will try to soothe Congress by defending their use of -billion in bank bailout money, but it may be a tough sell.
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No jets for bail-out companies
Glut expected on market as demand plummets for 2008’s must-have executive perk.
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Be happy, worried liberals. Obama’s bill is a triumph
Well, it’s already happened. Barely two weeks into the job and President Barack Obama has compromised fundamental principles.
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Democrats push vote on huge US stimulus plan
US Senate Majority Leader Harry Reid halted debate on a -billion rescue Bill late on Thursday, but said lawmakers would resume work Friday.
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Obama to woo Republicans on stimulus plan
US President Barack Obama will on Tuesday hold talks with congressional Republicans who complain his -billion stimulus plan is too expensive.
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UK to unveil bank rescue, Obama to tweak bailout
Britain is set to announce its second bank rescue and the incoming US administration said it will make its funds work harder to get credit flowing.
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Citigroup to split after $8,29bn loss
Ailing US banking giant Citigroup reported on Friday that it was splitting into two businesses to restore profitability.
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Obama vows better control of $350bn bailout cash
US president-elect Barack Obama promised on Tuesday stricter control over a financial rescue package, winning over some skeptical lawmakers.
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World stocks rally on US revival hopes
World stock markets rose on Monday, with Tokyo hitting the highest level for almost two months.
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Chrysler gets $4-billion US government loan
Chrysler on Friday received a -billion loan from the US government, two days after the government completed a parallel payout to General Motors.
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World faces slowdown in 2009, hopes pinned on bailouts
Another day, another batch of warning signs indicating the world will enter 2009 in the throes of a sharp economic slowdown.
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Bail-outs? Can we have some too?
In the season of goodwill, Henry Paulson is proving to be an American Santa Claus, doling out sacks of money to aid ailing businesses across the US.
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Toyota again slashes profit forecast amid slump
Hammered by waning global demand and a surging yen, Toyota slashed its earnings forecast again on Monday.
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Financial gloom puts breaks on electric-car rollout
Despite a winning concept amid global climate concerns, Norwegian electric carmaker Think may see its dreams come to a screeching halt.
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Aquarius to lay off 2Â 000 workers
Nearly 2 000 mine workers will lose their jobs following a decision by Aquarius Platinum to suspend operations at its Everest mine.
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Crisis gnaws at Japan sentiment, China output
Japan reported its sharpest crash in business sentiment in three decades on Monday and industrial output in China grew at its slowest pace since 1999.
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Bailout plan advancing, could soon face House vote
The White House and congressional Democrats on Tuesday night reached an agreement in principle on a -billion proposal for bailing out US carmakers.
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‘Bailout’ top buzzword in dictionary contest
Reflecting what’s on the minds of Americans, "bailout" and "socialism" have beaten "maverick" in a US dictionary word-of-the-year competition.
