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Fed, Treasury take steps to confront financial crisis (AFP via Yahoo! News)
The Federal Reserve and the US Treasury, armed with new emergency powers, announced measures to tackle a rapidly escalating financial crisis as panicked investors fled stock markets.
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Euro tumbles amid deepening financial crisis (AFP via Yahoo! News)
The deepening global financial crisis has pushed the euro below 1.35 dollars and drove the yen higher against the euro and dollar.
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Panic over financial system knocks Asia stocks (Reuters via Yahoo! News)
Panic about how the U.S. and European governments have not yet found a solution to the plague sweeping through the global financial system hit Asian stocks again on Tuesday and lifted gold prices.
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Europe strives to combat financial crisis in unison (Washington Post)
PARIS (Reuters) - European governments struggled on Monday to shield banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one.
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Europe strives to combat financial crisis in unison (Reuters via Yahoo! News)
European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one.
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Gunman kills self, five kin over financial woes: LA police (AFP via Yahoo! News)
An unemployed California man shot and killed his wife, three children and mother-in-law before taking his own life over his family's financial difficulties, police said Monday.
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Oil prices fall as financial turmoil goes global (AP via Yahoo! News)
Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy.
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Oil plunges below 90 dollars a barrel on financial turmoil (AFP via Yahoo! News)
Crude oil nosedived below 90 dollars a barrel Monday as deepening global financial turmoil and plunging stock markets raised fears about slowing demand for energy.
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India central bank injects cash into financial system, cuts cash ratio (AFP via Yahoo! News)
India's central bank injected liquidity into the financial system by cutting the amount of cash commercial banks must hold in reserve, citing "a sharp deterioration" in the world financial situation.
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Financial turmoil takes toll on September sales (AP via Yahoo! News)
WHAT'S UP: Retailers are expected to report dismal same-store sales figures on Wednesday, providing the first full gauge of consumer behavior since the financial meltdown began. The only bright spots will be discounters and wholesale clubs as customers focus on bare-bone essentials.
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