FRANKFURT (AFP) - Growing fears of recession sent share and oil prices plummeting Monday as markets shrugged off new moves to protect shell-shocked economies and a G7 pledge to stabilise the financial system. As a new survey showed
The G7 club of rich nations pledged Monday to cooperate to bring stability to battered global markets, where stocks buckled on fears government action will be too late to prevent a worldwide recession. It came hours after the International
US President George W. Bush and finance ministers from the Group of Seven rich countries opened crisis talks on Saturday, looking for unity on a remedy to the global financial crisis. After the White House meeting, Bush was scheduled to
