Peter Ryan

The US Federal Reserve this morning slashed the rate to a 50-year low in an attempt to cushion the economy. Audio

The Australian government is under continuing pressure to clarify its policy on bank deposit guarantees. Audio

Financial markets in the United States and Europe have plunged again. Audio

The committee members have baulked at rubber stamping the proposal to remove toxic assets from the financial system. Audio

After the euphoria of the last two trading days share markets in Europe and the United States have fallen. Audio

With Wall Street in a freefall today market strategists are trying to predict when and where the next crisis will emerge. Audio

One of the United States' biggest banks has delivered its worst financial news in 158 years. Audio

The troubled mortgage giant Freddie Mac posted a quarterly loss three times greater than analysts had expected. Audio

There was some good news for the US financial market and in the price of crude oil. Audio

The White House has intervened to shore-up the embattled mortgage giants Fannie Mae and Freddie Mac. Audio

There has been confirmation emerging from the US economy is close to falling into an official recession. Audio

The share market mauling experienced in the past day's trading in the United States has spread to other markets. Audio

Across America, home prices have fallen by an average 15-percent and economists predict the plunge will only deepen. Audio

King Abdullah of Sauidi Arabia says his country is, quote,"very concerned for consumers in all countries". Audio

Goldman Sachs is predicting the price of oil will double within two years. Audio

Inflation concerns continue to compete with the threat of a US recession. Audio

As the U.S. economy lurches closer to recession, there are signs their share market is making a gradual recovery. Audio

With the US economy in or near recession, global investors are making a panicked switch from dollars to gold. Audio

The ABC's business editor, Peter Ryan, reports. Audio

There's been more dramatic action in the United States where the Central Bank has continued it's action to restore confidence. Audio