NEW YORK (Reuters) - Wall Street titans buckled under the weight of a global stock market panic on Friday as the finance chiefs of the world's major economies gathered in Washington to confront the inescapable financial crisis.
NEW YORK (Reuters) - Stocks tumbled in a turbulent session on Friday, as panicked investors dumped stocks in a global sell-off on mounting fears that frozen credit markets would push the world into recession.
WASHINGTON (Reuters) - The George W. Bush administration may give an unlimited guarantee to bank deposits or buy a share of major banks in an effort to stabilize the battered financial sector and reeling markets.
WASHINGTON (Reuters) - The Group of Seven major nations is unlikely to adopt Britain's proposal to guarantee lending between banks when it meets today, a G-7 official said on Friday.
NEW YORK (Reuters) - Oil prices dropped 10 percent on Friday and touched 13-month lows in a flight from risk amid concerns of a worldwide recession and further signs of slumping energy demand.
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