1. Bank deposits were temporarily frozen during a financial sector crisis and Ecuador became the first nation to default on its Brady Bond debt. 2. Facing flat export growth and a financial sector crisis, Thailand effectively devalued the baht in July, sparking a wave of speculative attacks against other Southeast Asian currencies. 3. Once enjoying a booming economy, Thailand has been hit hard by a finance and property sector crisis. 4. Using corporate bonds is the latest in a series of steps government regulators are considering for dealing with the state sector crisis. 5. Philippine authorities said Tuesday they had ordered banks to limit lending to the fast-growing property sector to avert a possible finance sector crisis. 6. Thailand has been faced with a finance sector crisis amid a property glut and falling prices. 7. The beleaguered government of President Robert Mugabe is facing the threat of widespread strike action and nationwide protests over its controversial handling of a crippling health sector crisis. 8. The group said both advanced and emerging economies have suffered massive losses due to financial and banking sector crises. |