http://news.ft.com/world/economy News feeds provided by Newslookup.com en Sat, 11 Oct 2008 01:34 EDT http://news.ft.com/cms/s/0/1ae972fa-96f5-11dd-8cc4-000077b07658.html Finance ministers and central bankers from the group of seven leading economies were agreed to coordinated action in an effort to stabilise the global financial system as they started their meeting in Washington http://news.ft.com/cms/s/0/d50c60ee-969f-11dd-8cc4-000077b07658.html Nymex and key global commodities index decline 17% and 10% respectively on the week as investors sell assets on fears that the world economy was heading into recession http://news.ft.com/cms/s/0/8d7046e0-96f6-11dd-8cc4-000077b07658.html Dominique Strauss-Kahn announced this week that he was readying emergency procedures that allow the fund to lend rapidly to countries in crisis, arrangements used during the 1997-8 Asian financial crisis http://news.ft.com/cms/s/0/73a84912-96e0-11dd-8cc4-000077b07658.html Describing a world in which wholesale money markets were now refusing to lend to banks, even overnight, UK authorities warned that the world was on the edge of a collapse of the financial system http://news.ft.com/cms/s/0/514dd956-9706-11dd-8cc4-000077b07658.html The global credit crisis may be affecting the access of developing countries to financing of imports and exports, leading the WTO to convene a meeting to counter this threat to international commerce http://news.ft.com/cms/s/0/1721e528-9649-11dd-9dce-000077b07658.html The Group of Seven leading industrialised nations will attempt to impose a coherent international framework on the unco-ordinated emergency measures taken in recent weeks in an effort to contain the spiralling credit crisis http://news.ft.com/cms/s/0/6005e14a-961c-11dd-9dce-000077b07658.html Oil prices plunged below $85 a barrel, the lowest level in a year, as Opec, the oil exporting countries cartel, called an emergency meeting to discuss reducing its crude production to halt the collapse in prices http://news.ft.com/cms/s/0/3a31ff80-95d1-11dd-9dce-000077b07658.html Icelands financial crisis escalates with all stock market trading suspended after Kaupthing, the countrys biggest bank, followed domestic peers into state ownership http://news.ft.com/cms/s/0/4b94a41c-9649-11dd-9dce-000077b07658.html For those eager to recruit the big emerging market economies and turn the Group of Seven nations into a Group of 11, 12, or perhaps 14, the slower and more varied response of the developing world to the financial crisis might give pause for thought http://news.ft.com/cms/s/0/0ed4a750-961e-11dd-9dce-000077b07658.html The west speaks with awe of the pace of Chinas rise, of Indias emergence as a geopolitical player, of the growing global roles of Brazil and South Africa. Yet it should no longer assume the global order will be forged on its own terms, says Philip Stephens http://news.ft.com/cms/s/0/d25e0572-95f6-11dd-9dce-000077b07658.html http://news.ft.com/cms/s/0/b820020e-95ed-11dd-9dce-000077b07658.html http://news.ft.com/cms/s/0/9be41156-95f3-11dd-9dce-000077b07658.html http://news.ft.com/cms/s/0/5fce75b2-949f-11dd-953e-000077b07658.html http://news.ft.com/cms/s/0/fba32c1e-9565-11dd-aedd-000077b07658.html http://news.ft.com/cms/s/0/eab85568-9566-11dd-aedd-000077b07658.html http://news.ft.com/cms/s/0/417df05e-9555-11dd-aedd-000077b07658.html http://news.ft.com/cms/s/0/d2bcec30-9552-11dd-aedd-000077b07658.html http://news.ft.com/cms/s/0/c5db5c1c-9549-11dd-aedd-000077b07658.html http://news.ft.com/cms/s/0/407c7b56-952f-11dd-aedd-000077b07658.html