Oct, 22 The price of the oil basket (OPEC) fell to $60 a barrel.
Oct, 17 World oil prices fell below $70 a barrel.
Oct, 6 The capitalization of the world stock exchanges fell by 2.5 trillion dollars.
China Development Bank (CDB)
The China Development Bank (CDB) is a financial institution in the People's Republic of China under the direct jurisdiction of the State Council. It is the only bank in China whose governor is a full minister. The China Development Bank under the supervision of the central government is tasked with the development of socialist market economic system and to propel China's concerted and sustainable economic and social development.
CDB will continue to play significant role in reshaping the economy of the People's Republic of China by providing crucial national investment in high priority sectors of the economy. They have a mandate to reduce economic bottlenecks in basic and pillar industries, infrastructure, energy, communications and other sectors.
Lenders reject five million credit applications - 17.10.2008 Almost 5 million applications from people seeking new credit cards or a personal loan were rejected over the last six months by lenders squeezed by the credit crisis.
Banks want political lead, rate cuts for crisis - 07.10.2008 Western governments and central banks faced demands for coordinated action on Tuesday after Australia responded to the escalating global financial crisis by cutting its interest rates sharply.
Wells Fargo to buy Wachovia for $15.1 billion - 05.10.2008 Wells Fargo said Friday that it would merge with Wachovia - including the troubled Charlotte bank's banking operations - in a $15.1 billion all-stock merger.
