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Wal-Mart Names Its Global Chief as CEO

Wal-Mart made the surprise announcement yesterday that Mike Duke, the head of its international division, will replace H. Lee Scott Jr. as chief executive of the world's largest retailer next year as its foreign business continues to grow rapidly in scale and importance.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-21-2008
Global Deals in Works On Eve of G-20 Summit

Nations are close to adopting a series of measures aimed at combating a global recession and laying the groundwork for a broad reconstruction of the international financial system, as world leaders arrive in Washington for a major economic summit this weekend.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-13-2008
Many Seats, Agendas At Global Roundtable

World leaders will meet in Washington this weekend for a summit on the global financial crisis, the largest gathering of presidents and prime ministers here since NATO's 50th anniversary celebration in 1999. But overshadowing the emergency conference is a leadership vacuum that is fundamentally....

Posted to washingtonpost.com (Weblog) by Anonymous on 11-12-2008
Around the World, the Signs Of Slowdown Spiral Outward

Pessimism about the global economy deepened yesterday as fresh evidence of a worldwide slowdown showed up in feeble corporate profit reports from Asia, sinking commodities prices, and a scramble by emerging economies to prop up their sagging currencies and avert credit defaults.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-24-2008
IMF Plans Aid for Emerging Economies

Alarmed by a fast-ballooning crisis in emerging markets, the International Monetary Fund is close to creating an emergency program to rush hard currency to nations suddenly teetering on the verge of default, IMF sources said yesterday.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-23-2008
Sarkozy Calls for Revamping of Capitalist System

BRUSSELS, Oct. 16 -- European leaders on Thursday urged that a pending international summit carry out an urgent overhaul of the world's financial architecture and impose new controls on freewheeling bankers and traders. U.S. officials pledged that all good ideas would get an airing but hinted of...

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-16-2008
G-8 Nations Plan Summit On Global Financial Rules

BRUSSELS, Oct. 15 -- The Group of Eight major industrialized nations announced Wednesday that they will convene a summit to plan changes in the regulation and structure of the world financial industry in hopes of heading off future economic turmoil.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-15-2008
Global Markets Fall Despite Reassurances

BERLIN, Oct. 10 -- Fear seized investors around the world Friday as stock markets dropped to levels not broached for several years. National leaders tried to intervene with reassurances and stopgap measures, to no avail.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-10-2008
Global Bankers Anxiously Watch U.S.

BERLIN, Sept. 30 -- Central bankers and elected leaders around the world acknowledged Tuesday that they lacked a comprehensive strategy to protect their countries from the global financial crisis and were as dependent as ever on Washington to come up with a solution.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-30-2008
As Contagion Spreads, Moods Abruptly Shift

PARIS, Sept. 29 -- The turmoil that began on Wall Street now spans the globe.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 09-29-2008

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