Britain mulls buying shares to recapitalise banks: reports
LONDON, October 6, 2008 (AFP) – British finance minister Alistair Darling is considering giving banks billions of pounds in return for shares to shore …
World
Gloom engulfs corporate India: survey
NEW DELHI, October 6, 2008 (AFP) – India’s corporate optimism has sunk on worries about the global economy and weakening demand, according to a new …
Dubai shrugs off global turmoil with new mega projects
DUBAI, October 6, 2008 (AFP) – A Dubai government firm on Monday announced it will build a “new city” in the booming Gulf emirate at a …
Tata’s cheap car woes fuel debate on India’s industrial drive
NEW DELHI, October 5, 2008 (AFP) – A decision by the giant Tata Group to shift a factory building the world’s cheapest car after angry farmer …
US policy shifts seen in Asia under new president
WASHINGTON, October 5, 2008 (AFP) – US policy in Asia is expected to undergo major shifts, whoever wins the race to the White House. Both presidential …
UAE firms start pumping Kurdish gas over Iraq objections
DUBAI, October 5, 2008 (AFP) – United Arab Emirates-based firms Dana Gas PJSC and Crescent Petroleum announced that they had begun producing gas under a …
Germany guarantees all private savings accounts: ministry
BERLIN, October 5, 2008 (AFP) – The German government has offered an unlimited guarantee for all private savings accounts, a finance ministry spokesman …
British store sells ‘credit crunch’ for shoppers’ delight
LONDON, October 5, 2008 (AFP) – British department store Selfridge’s on Sunday launched a new up-scale chocolate treat — the “Credit …
More countries pull suspect products as China milk scandal spreads
SEOUL, October 4, 2008 (AFP) – South Korea, Australia and Japan Saturday pulled melamine-contaminated sweets and drinks from supermarket shelves amid a …
US debt set to soar, but AAA rating should stay: Fitch
NEW YORK, October 4, 2008 (AFP) – Combined US government debt is set to rise to levels unseen since the 1950s, but the United States should nevertheless …
Smoking, coal set to claim tens of millions of lives in China
PARIS, October 3, 2008 (AFP) – Tobacco use and smoke from coal and wood are likely to claim tens of millions of lives in China over the next …
European leaders to try to find way out financial storm
PARIS, October 4, 2008 (AFP) – European leaders were set to try to cobble together a response to the global financial crisis at a mini-summit on Saturday …
Ireland passes bank guarantee law amidst protests from neigbhour
DUBLIN, October 3, 2008 (AFP) – Ireland has passed a controversial emergency law guaranteeing bank deposits despite protests that the move gives its …
Oil prices slump, ending brief rally
NEW YORK, October 2, 2008 (AFP) – Oil prices tumbled Thursday, with worries about demand returning to the fore amid critical credit strains in the global …
Asian markets tumble as Wall Street dives on bailout fears
HONG KONG, October 3, 2008 (AFP) – Stocks continued to tumble across Asia Friday on the back of heavy losses on Wall Street and amid concern over the …
ECB opens door to rate cut as Trichet heads to crisis talks
FRANKFURT, October 3, 2008 (AFP) – The European Central Bank has opened the door to a rate cut in the coming months as its president Jean-Claude Trichet …
US Senate approves economic bailout plan
WASHINGTON, October 2, 2008 (AFP) – The US Senate on Wednesday approved a 700-billion-dollar Wall Street bailout package by a vote of 74-25 amid a …
Oil prices at 99.76 in Asian trade
SINGAPORE, October 2, 2008 (AFP) – World oil prices were up more than one dollar in Asian trade on Thursday shortly after the US Senate approved a …
Pirates shine spotlight on Ukraine’s arms-trafficking trade
KIEV, October 2, 2008 (AFP) – The pirate hijacking of a Ukrainian cargo ship loaded with tanks off Somalia has refocused attention on arms-trafficking by …
Belgian customs seize record haul of fake pills, from India
BRUSSELS, October 2, 2008 (AFP) – Customs authorities at Brussels airport have seized over two million counterfeit medical pills from India which were …