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Banking & Finance newsNEW YORK, USA: The Dow Jones Industrial Average dipped more than 7% on Thursday as panic sell-off dominated markets. 10 Oct 2008 The current global economic turmoil has been cited as one of the reasons Reserve Bank Governor Tito Mboweni has left the repo rate unchanged at 12%. 10 Oct 2008 Treasury moves to inject trust, as well as liquidity, into the UK banking system. 9 Oct 2008 In the midst of the global economic crisis, South Africa's markets are faring better than most other developing nations, having dropped 7% on Monday compared to developing nations sliding 10%. 9 Oct 2008 The primary consequence of the credit crunch for non-financial companies is the loss of access to cheap debt. 9 Oct 2008 European Union (EU) finance ministers agreed on Tuesday to coordinate their responses to the escalating global financial crisis. 8 Oct 2008 Among people with internet access intending to acquire a financial product in the next year, there is an 87% chance they will research their products of interest online beforehand. 7 Oct 2008 More Banking & Finance news...
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