global financial crisis

Senior US officials are in China for economic talks, an event overshadowed by the global financial crisis.

AP - President George W.

Citigroup Inc. plans to sell its Japanese trust banking unit as the ailing U.S. banking giant struggles to survive the global financial crisis, media reports said Sunday.

China's President Hu Jintao warns of the effects of the global financial crisis on his country, as economic growth slows.

LIMA, Peru (CNN) -- President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.

AP - Analysts, investors and media around Asia expressed concern Monday that a weekend summit of world leaders aimed at tackling the global financial crisis — and preventing future debacles — was high on symbolism but low on action.

The role of the United States as the world's economic leader will be tested this weekend when emboldened leaders of the 20 most powerful countries meet in Washington to address the global financial crisis.

US President George W Bush will claim that the global financial crisis is not "a failure of the free-market system" in a speech later.

The worldwide economic turmoil is showing signs of impact in the West African city of Dakar, as rising prices of food, fuel and fertilizer threaten the livelihood of the nation's poor.

Africa will not be immune to the financial crisis, a World Bank executive says.

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