FTSE rallies as global markets bounce back after U.S. bank's $85bn bailout of insuran

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FTSE rallies as global markets bounce back after U.S. bank's $85bn bailout of insuran

17th September 2008, 08:01:AM

Global markets rallied after 48 hours of intense turmoil today after the U.S. Federal Reserve moved to bail out insurance giant, American International Group. The U.S. bank's £47.2bn deal with AIG overnight brought relief to indexes around the world and pushed up the London Stock Exchange by more than 70 points on opening.

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Tags: american, bailout, bank, ftse, global, insurance, international, ock, turmoil

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FTSE rallies as global markets bounce back after U.S. bank's $85bn bailout of insuran

FTSE rallies as global markets bounce back after U.S. bank's $85bn bailout of insuran

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