Doubts grow on US financial rescue plan
WASHINGTON, September 22, 2008 (AFP) – Doubts emerged Monday about a gargantuan 700-billion-dollar US bailout of the finance system, plunging markets …
World
Eurozone business activity at near seven-year low: survey
BRUSSELS, September 23, 2008 (AFP) – Business activity in the 15 nations sharing the euro slumped in September to the lowest level since just after the …
Stamping out corruption can save lives, watchdog says
BERLIN, September 23, 2008 (AFP) – Stopping practices such as cronyism and embezzlement can save lives in poor countries, a graft watchdog said Tuesday …
Former investment banker engineers biggest bailout
WASHINGTON, September 22, 2008 (AFP) – US Treasury Secretary Henry Paulson is a wealthy former Wall Street CEO and free-market thinker who has made a …
Nearly 53,000 China babies sickened by milk powder: govt
BEIJING, September 22, 2008 (AFP) – Nearly 53,000 children in China have been sickened by milk powder contaminated by an industrial chemical, the …
Goldman Sachs and Morgan Stanley to be holding companies; get more printed money: Fed
WASHINGTON, September 22, 2008 (AFP) – US investment banks Goldman Sachs and Morgan Stanley will become bank holding companies and will receive new US …
Britain to boost powers of financial regulators
MANCHESTER, September 22, 2008 (AFP) – Britain is to draw up legislation to bolster the role of financial regulators and make it easier to intervene in a …
Australian exports to surge despite global slowdown: forecaster
SYDNEY, September 22, 2008 (AFP) – Australian export earnings are set to hit record levels this year due to continued strong demand for raw materials …
US races to forge historic financial sector bailout
WASHINGTON, September 21, 2008 (AFP) – Senior US officials and lawmakers were locked in negotiations Saturday over an historic 700-billion-dollar bailout …
Polarized world spurs calls for more representative UN
UNITED NATIONS, September 21, 2008 (AFP) – Growing polarization over Georgia, Iran, Kosovo, Darfur or the Middle East is reviving calls for a reform of …
South Africa faces uncertainties over Mbeki resignation
CAPE TOWN, September 21, 2008 (AFP) – South Africa faces huge uncertainties over the imminent resignation of President Thabo Mbeki, with much riding on …
India’s Reliance vows to boost national energy security
MUMBAI, September 21, 2008 (AFP) – Indian fuel giant Reliance said on Sunday it would boost domestic oil and gas output by 40 percent over the next 18 …
US ‘aggressively’ pushing others to bail out banks: Paulson
WASHINGTON, September 21, 2008 (AFP) – The United States is “aggressively” pushing other countries to forge bailouts for their financial …
Congress ready for mother of all bailouts
WASHINGTON, September 20, 2008 (AFP) – US congressional leaders, stunned by the depth of the economic meltdown, considered Saturday quick legislative …
Gold rockets and oil soars as reserve currency central banks print liquidity
LONDON, September 19, 2008 (AFP) – Oil and gold prices bounced higher this week as investors sought a safe haven while other commodities fell on fears …
British regulator bans short-selling in financial stocks
LONDON, September 18, 2008 (AFP) – Britain declared a halt to short-selling — when investors borrow company stock to sell it — on Thursday, …
Reports of new US rescue arm lift hopes amid financial crisis
WASHINGTON, September 18, 2008 (AFP) – Reports that the US government is preparing the creation of a new entity to rescue troubled financial firms lifted …
World stocks rocket as state step up rescue with a tax and inflation-payer bailout
LONDON, September 19, 2008 (AFP) – Global equity markets soared on Friday, lifted by mammoth share price gains for banks, as governments worldwide …
Young Lehman banker rues opportunities lost in London
LONDON, September 18, 2008 (AFP) – When Edouard d’Archimbaud, 24, arrived at Lehman Brothers offices in London on Monday he was hoping his move to …
Central banks in new printing offensive to fill liquidity holes; gold rockets to US$868
NEW YORK, September 18, 2008 (AFP) – The US Federal Reserve on Thursday threw 180 billion dollars into a global fight against the financial crisis as …