Bush Signs Rescue Bill After House Vote

The House of Representatives gave final approval on Friday to the $700 billion bailout for the financial system.

Friday, October 3, 2008

At 1:21 p.m., applause and cheers echoed through the House chamber as the number of “aye” votes crossed the threshold needed for passage with just seconds remaining in the official 15-minute voting period. The vote was 263 to 171.

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Stocks Soar by 11% After Aid to Banks

October 2008

The Dow Jones industrial average opened 400 points higher and never looked back, led by big gains in financial stocks.

Last week’s stock sell-off gave way to a big rally, with the Dow Jones industrial average having its largest-ever point gain. The surge came as countries around the world took steps to ease the financial crisis, ushering in a drastic reshaping of the banking industry even as doubts lingered about its long-term effects.

Chaotic Day Ends With Stocks Off 3.8%

October 2008

Panic came to Wall Street on Monday morning, but its stay was brief, at least for one day.

The Dow Jones industrials finished more than 360 points lower, dropping below the 10,000 mark for the first time in five years, as markets around the world spiraled downward in the face of a banking crisis that has tightened its grip on the global economy.

Wall Street continues to rise while it awaits approval of the Paulson Plan

September 2008

The New York Stock Exchange was rising after its historic fall yesterday in hopes that the rescue plan will finally be approved.

At 16H00 GMT, the Dow Jones Industrial Average (DJIA) rose 266.74 points to 10,632.19 after having fallen close to 800 points on Monday.

The Nasdaq index, which is made mainly of technology companies, rose 62 points to 2,045.73 units and Standard's and Poor's 500 rose 3.21% (35.57) to 1,141.99.

Direct impact of US crisis in Guatemala ruled out

September 2008

Banking monetary and authorities in the country have ruled out a direct impact on Guatemala's economy.

Banking executives agree that the economic situation in the country is uncertain; nonetheless, they need to keep a close eye on what is happening in the American financial market.

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