Tag Archives: Financial crises

08Oct/17

Kenyan debtors struggle to hold on to assets as repossessions rise

Kenyan borrowers struggle to hang onto their assets as auctions heat up. A severe drought earlier this year, a slowdown in bank lending, and a prolonged period of political uncertainty are creating a growing pool of distressed borrowers whose assets are being seized by newly aggressive lenders in the east African powerhouse.
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09Nov/16

Dollar, Mexican peso, stocks topple as Trump wins

The U.S. dollar sank and stocks have plummeted in market mayhem as investors faced up to a shock win for Donald Trump in the U.S. presidential election that could upend the global political order. Sonia Legg reports. Continue reading

12Feb/16

Asia markets hit by worries over health of European banks

Asian shares take a battering as mounting worries about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdowns in China and other emerging markets.

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11Oct/15

Unwanted fruits and vegetables are made into meals for thousands in Athens

Greek non-governmental organisations (NGOs) join forces and feed lunch to thousands using more than a ton of “ugly” vegetables and fruits that would have been thrown out.
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09Jul/15

China stock market crash explained

(Next Media Online) – China stock markets went into complete meltdown on Tuesday and Wednesday after being in free fall since June 12.
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06Jul/15

Greek No vote “catastrophic scenario” for markets, says analyst

A ‘No’ vote by the Greeks is a “catastrophic scenario” for markets, an analyst says while on the streets of Paris, people say the Greeks may have voted in a “selfish” way.

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01Jul/15

UK stock markets calm despite Greek default

UK traders consider the consequences of a possible ‘Grexit’ on the European markets.

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30Jun/15

Analyst says Germany playing “dangerous game of chicken” with Greece

As Greece pleads for a short-term bailout extension to avert a midnight default, a U.S. analyst says Germany must urge the IMF to offer some sort of face-saving measure for Greece or risk further economic fallout.

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24May/15

‘Catastrophic’ for Greece to leave euro – Varoufakis

Greek Finance Minister Yanis Varoufakis says it would be “catastrophic” if Greece left the euro, predicting it would herald “the beginning of the end of the common currency project”.

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