WASHINGTON (AFP) — The credit crisis stemming from the US housing slump has triggered a "negative feedback loop" in the global economy that poses risks for

By Steve Schifferes The global credit crunch shows no signs of abating, according to the International Monetary Fund (IMF). In its latest global financial

(CEP News) - Canada's resale housing market softened in the first half of 2008 and business activity in Texas declined further in July, according to the two

(RTTNews) - Global financial stability "remains fragile" and systemic risks "seem to be returning" to global financial markets, according to the

The Australian dollar has opened firmer as continuing worries about the US financial sector weakened the American currency. At 0700 AEST, the Australian

New York - Major US stock indices posted steep drops Monday after the International Monetary Fund predicted more losses for financial institutions and "no

The world's sovereign wealth funds, which control an estimated $3 trillion (Dh11trn) in assets, may not agree to a code of conduct by October as planned,

WASHINGTON (Reuters) - Global markets are still under strain from the US housing crisis and financial instability almost everywhere is making it tougher to