Local sharemarket takes huge lossesAustralian shares <.axjo> have lost more than $70 billion today after Wall Street shares sank again in a last minute sell-off described as "pure panic".
G7 meeting set for joint crisis actionFinance ministers and central bankers from the group of seven leading economies were poised to agree coordinated action in an effort to stabilise the global financial system as they started their meeting on Friday afternoon in Washington.
48 minutes ago, source: AAP
An international group of finance leaders claimed progress in implementing an agreed tightening of rules.
7 hours and 11 minutes ago, source: AAP
US President George W Bush said after crisis talks with finance ministers from the G7 agreed the world financial meltdown required "a serious global response".
13 hours and 58 minutes ago, source: AAP
Vietnam has given the go-ahead for Australia's ANZ bank to set up a wholly owned subsidiary based in Hanoi, an official statement said.
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