Financial crisis World leaders pledge action to halt financial crisis

telegraph.co.uk

Oct. 10, 2008

World leaders pledged to take all action necessary to halt the panic gripping financial markets and prevent the crisis from descending into a global depression.

U.N. agency faces shortfall

UNITED NATIONS, Nov. 21 (UPI) -- The head of the U.N. Relief and Works Agency said that her department is facing crisis amid a decline in financial pledges.

Kanjorski compares Paulson to Hoover

WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Paul Kanjorski, D-Pa., told Treasury Secretary Henry Paulson there is a "crisis of confidence" across the United States that demands action.

G20 leaders call for financial reforms

WASHINGTON, Nov. 16 (UPI) -- Leaders of the G20 countries meeting in Washington say they've launched financial reforms to bolster international supervision of banks and credit agencies.

White House: Summit yields broad agreement

WASHINGTON, Nov. 15 (UPI) -- Leaders at the global economic summit in Washington agreed Saturday on a general framework for dealing with the global financial crisis, the White House said.

Bush: Actions having 'impact,' need time

WASHINGTON, Nov. 14 (UPI) -- U.S. President George W. Bush said Friday the actions of world leaders "are having an impact" on the global financial crisis but will "require more time."

British P.M. calls for global stimulus

NEW YORK, Nov. 14 (UPI) -- British Prime Minister Gordon Brown, in the United States for the G20 global financial summit, said Friday he expects the world economy to double in 20 years.

Aso says Japan prepared to lend IMF $100B

TOKYO, Nov. 14 (UPI) -- Japanese Prime Minister Taro Aso says he's ready to lend up to $100 billion to the International Monetary Fund to aid economies hit by the financial crisis.

Leaders in D.C. to discuss global economy

WASHINGTON, Nov. 14 (UPI) -- A Washington summit this weekend on the global financial crisis is expected to produce a "broad action plan," not a quick fix, the White House said.

Government aid not a cure-all, Bush says

NEW YORK, Nov. 13 (UPI) -- Government intervention is not a universal remedy for the financial malady afflicting U.S. and global markets, U.S. President George Bush said Thursday.

Leaders bring agendas to financial summit

WASHINGTON, Nov. 13 (UPI) -- Dignitaries in Washington for the weekend's global financial crisis summit may be setting the agenda instead of following the U.S. lead, observers say.

More cuts in Canadian financial job market

TORONTO, Nov. 12 (UPI) -- The global financial crisis claimed more jobs in Canada's financial district in Toronto as a major mutual fund company announced 60 job cuts.

World Bank boosts lending

WASHINGTON, Nov. 11 (UPI) -- The World Bank Group said Tuesday it would boost financial support for developing countries.

Crisis pushes multilateralism, Brown says

LONDON, Nov. 10 (UPI) -- The time is right to create a global society following the election of Barack Obama as U.S. president, British Prime Minister Gordon Brown says.

Obama hears from world leaders

CHICAGO, Nov. 8 (UPI) -- The most recent foreign leaders to call U.S. President-elect Barack Obama have been the presidents of Russia and China, who phoned Saturday.