Daily FNArena News - FYI

Last week ended with a hopeful rally on Wall Street, but will the G7’s laundry list of good intentions turn into action?

The G7 has announced a coordinated effort which it believes is sufficiently comprehensive to halt the global financial market crash.

The British prime minister has ordered part nationalisation of the UK banking system.

The world’s economies are toppling like dominoes as each responds to its own immediate problems.

Could a rescue of Wall Street come down to simple accounting?

It’s been more than a week and world markets are still just beginning to come to grips with the bans on short-selling.

While the ink’s not dry and no one has signed anything yet, the latest news from Washington is that a plan has been agreed upon and is now being drafted.

Where is the US dollar going? Standard Chartered thinks that it all comes down to your investment timeframe.

With the market bailout expected to cost up to US$1 trillion, the US’ huge budget deficit is set to get a lot worse, which should be bad news for the US dollar.

An extra edition of your editor’s musings as developments go swift and rapidly in international financial markets.