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World central banks stake hundreds of billions to staunch global crisis

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19-09-2008, 08:31 PM

tungsteng

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World central banks stake hundreds of billions to staunch global crisis

World central banks took unprecedented action Thursday September 18 to flood desperately tight money markets with as investors worried who the next victim of the global financial turmoil could be. The US Federal Reserve led the charge to relieve "elevated pressures" in global markets by offering US$180 billion and promising more...

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