Latest Credit crunch Stories
Questionable lending helped sink the US economy, but also provided a lifeline that kept countless firms afloat and averted an even deeper recession.
NEW YORK, March 19 /PRNewswire/ -- Most new car buyers need to borrow to pay for a new car, but the mortgage meltdown has tightened available credit, and has also led to dramatically lower new car sales.
Reports indicate that the growing number of home builders going out of business has left some U.S.
The struggles associated with a credit crunch have been suffered by other societies in history -- just look at the Roman republic, a British historian says. Oxford University historian Phillip Kay said the first-ever recorded credit crunch took place in 88 B.C., when a civil war decimated the Roman economy and credit system, The Guardian (Britain) said Friday. Kay noted comparisons between the current credit crunch facing Britain and other parts of the world and such historical struggles. The...
Although the credit crunch has left non-financial services companies, including those in the biotechnology industry, without cheap debt, the pharmaceutical industry avoided relying on this resource and has remained cash-rich.
By DAVID LEASK AIRPORT retailers have shrugged off the credit crunch to post another huge rise in sales. Passengers last year spent more than Dollar27bn (GBP14.5bn) in air terminal outlets, more than twice as much as just five years ago.
By JOE BEL BRUNO By Joe Bel Bruno The Associated Press NEW YORK Markets turned in a mixed performance Monday as investors watched the price of oil regain ground and decided to cash in some of their gains from a big rally last week.