World-News

Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange.

http://www.presstv.ir/detail.aspx?id=71493&sectionid=3510213



IMF: World economy to slow sharply, led by US

"The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s," the IMF said in its report.

http://tinyurl.com/4aodc6



Russian stock exchanges shut down until Friday as prices plummet

The RTS and MICEX stock exchanges halted trading until Friday after opening for barely more than half an hour on Wednesday as prices plummeted in tune with the overall situation in the world's stock markets and falling oil prices.

http://biznes.onet.pl/7,1839974,wiadomosci.html



FTSE falls 2.6 percent on commodities

Britain's top share index slid 2.6 percent by midday on Wednesday as recession fears stemming from a credit crisis battered commodity stocks.

http://www.reuters.com/article/email/idUSTRE4972XU20081008



'Economic 9/11' exacting grim psychological toll in US

The murder-suicide of a Los Angeles financial manager who shot dead five members of his family before killing himself has highlighted the psychological toll of the economic meltdown.

http://tinyurl.com/3w9u3o


From Information Clearing House



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