President George W.
Bush has vowed that his administration will meet serious challenges facing financial markets. Speaking at a White House news conference, Bush said the federal government would continue to act to stabilize financial markets, after the Federal Reserve announced it would inject 180-billion-dollars into the banking system to boost liquidity. Earlier, six of the world's largest central banks implemented co-ordinated measures to boost liquidity on global money markets, and stock markets around the world have shown signs of recovery. Wall Street surged higher, with the Dow Jones industrials up more than 400 points at the end of trading.
(Deutsche Welle)
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