Credit crisis forces a German lender to close

Weserbank's chief executive blamed market turmoil for the demise of the bank, the first European banking fatality of the global financial crunch.

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1. Dollar falls below 7 yuan data: 10.04.08
The milestone underlined China's growing economic strength and its increasing use of the currency as a policy tool.

2. G-7 finance chiefs will hold talks with private-sector bankers data: 10.04.08
They will meet in Washington on Friday to discuss a common response to the financial crisis.

3. For bargain-basement America, foreign investment no panacea data: 07.04.08
Americans often have an ambivalent relationship with the global economy, which has been coming into focus amid a surge of European and Asian acquisitions of U.S. companies

4. The evolution of CyberCrime Inc. data: 07.04.08
Online crime is maturing, and the Internet criminal of today is adopting everything from supermarket-style pricing to outsourcing.

5. Rising yuan threatens small exporters in China data: 10.04.08
One report estimated that up to 20 percent of low-end exporters could go belly-up this year as the harsher operating environment dissolves profits and demand slows in major markets like the United States.

6. U.S. Senate panels to investigate Bear Stearns deal data: 27.03.08
Treasury Secretary Henry Paulson Jr. defended the takeover even as he called for more transparency on the part of Wall Street.

7. Microsoft warns Yahoo board to act on merger offer data: 07.04.08
Microsoft has warned the board of Yahoo that if a merger agreement is not completed within three weeks, Microsoft would make its offer directly to Yahoo shareholders, probably at a lower price.

8. Can the Group of 7 fix the system itself? data: 10.04.08
When the Group of 7 reveals its response to the global financial markets crisis on Friday, one question they will find hard to answer is: Can you fix the system itself? History suggests not.

9. U.S. equity loans are next round in credit crisis data: 27.03.08
Lulled by good times, millions of Americans borrowed — sometimes heavily — against the roofs over their heads. Now the bill is coming due.

10. Gazprom and Eni prepare to join forces to pipe natural gas from Libya to Europe data: 10.04.08
Some analysts describe Gazprom's moves in North Africa as a "pincer" attack on Europe, which already gets a quarter of its natural gas from Russia.


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