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This is Money
Stock markets across the world suffered a second day of turbulence as the Chairman of the Federal Reserve warned that the US Government may have to pour even more cash into the twin bail-outs of its financial and economic systems.
US banks may need more bail-outs, says Ben Bernanke
Europe's financial authorities have revealed the existence of a contingency plan to rescue eurozone states at risk of default, giving the first clear assurance that the EU will mount a defence if monetary union comes under speculative attack.
EU pledges eurozone rescue
The Australian economy has slipped into negative growth for the first time in eight years, raising fears that the country is on the brink of recession.
Australian economy in negative growth for first time in eight years
The Treasury has finally set a launch date for its much anticipated Term Asset Backed Securities Loan Facility, or TALF. A reminder: the scheme was originally announced in November with the aim of going live in February. It now aims to start lending on March 25th. The good news is it is going ahead and largely as planned. If anything, it will be bigger and bolder on account of the delay.
TALF goes live
Gold fell in New York for a seventh straight session, the longest losing streak since October, as some investors sold the precious metal to buy equities. Silver also declined.
Gold has longest losing streak since October
The Financial Services Authority (FSA) has brought forward new rules that will force some investors to disclose stakes they have been secretly building in listed companies in its latest attempt to calm the markets by increasing their transparency.
FSA brings forward CFD disclosure rules