US, other envoys meet to discuss Sri Lankan fighting
NEW YORK, September 24, 2008 (AFP) – US, European Union, Japanese and Norwegian envoys met here Wednesday to discuss the latest fighting in Sri Lanka, …
World
Indian airline sector hit by ‘perfect storm’: IATA
NEW DELHI, September 25, 2008 (AFP) – India’s airline sector has moved into negative growth and urgent reforms are needed if it wants to survive a …
Run on Hong Kong’s Bank of East Asia eases after stability pledge
HONG KONG, September 25, 2008 (AFP) – The run on Hong Kong’s Bank of East Asia subsided on Thursday, as banking authorities soothed savers’ …
Bush calls McCain, Obama, leaders to White House
WASHINGTON, September 25, 2008 (AFP) – US President George W. Bush will host White House rivals John McCain and Barack Obama, as well as top lawmakers, …
Oil prices drop, despite tumbling US energy stockpiles
LONDON, September 24, 2008 (AFP) – Oil prices dipped on Wednesday, erasing earlier gains and continuing this week’s roller-coaster ride, as traders …
Ex-banker Paulson faces snag in using public money to bailout banks
WASHINGTON, September 24, 2008 (AFP) – A battle over the US government’s financial rescue package heated up in Congress Tuesday, with top finance …
FBI probes finance giants for fraud: report
WASHINGTON, September 24, 2008 (AFP) – The US Federal Bureau of Investigation is probing allegations of fraud by 26 Wall Street firms including several …
Malaysia cuts fuel prices again
KUALA LUMPUR, September 24, 2008 (AFP) – Malaysia Wednesday announced another 3.9 percent cut in petrol prices, following recent declines in world oil …
IMF chief welcomes US Treasury moves, urges global action
LONDON, September 22, 2008 (AFP) – IMF managing director Dominique Strauss-Kahn welcomed Tuesday the “bold steps” taken by the United States …
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 …
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 …
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 …
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 …
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 …