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Citigroup to Eliminate 50,000 Jobs After Posting Steep Mortgage Losses

Citigroup will reduce its global workforce by about 50,000 jobs, or about 15 percent, as the financial services giant tries to steady itself after recording losses of more than $20 billion over the past year, executives said yesterday.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-17-2008
City guide: Places to stay

From the Lux Pod in London to Home in Buenos Aires, here's a round-up of some of the best hotels and B&Bs

Posted to guardian.co.uk (Weblog) by Anonymous on 11-07-2008
Discord on Economies In a World Of Trouble

Presidents and prime ministers from major countries around the world will gather in Washington in two weeks to begin heated negotiations over the shape of global financial regulation as they scramble to avoid a deep worldwide recession and restore confidence in markets.

Posted to washingtonpost.com (Weblog) by Anonymous on 11-01-2008
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
Recession Fears Grip Stock Markets in Europe, Asia

TOKYO, Oct. 17 -- Fear of a deep global recession washed over Asian and European markets Thursday, and the financial crisis continued to shake major institutions.

Posted to washingtonpost.com (Weblog) by washingtonpost.com on 10-16-2008
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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