US plans to inject capital into banks: Paulson
WASHINGTON, October 11, 2008 (AFP) - Treasury Secretary Henry Paulson said Friday that the US government planned to invest directly in US banks to prevent them …
World
IMF, World Bank meet amid financial mayhem
WASHINGTON, October 11, 2008 (AFP) - The International Monetary Fund and the World Bank opened their annual meetings Saturday in the midst of global financial …
Asian stocks dive as panic erupts over financial crisis
TOKYO, October 10, 2008 (AFP) - Asian stock markets went into a tailspin Friday, with Tokyo down more than 10 percent as fresh panic erupted over fears that …
Crisis talks due in Washington; markets in tailspin
TOKYO, October 10, 2008 (AFP) - The world's major economies were to hold crisis talks later Friday in an attempt to end a massive sell-off on the global stock …
Golden paydays for bankers are over, lawmakers say
PARIS, October 10, 2008 (AFP) - While governments worldwide have not yet agreed on a solution to fix the current global economic crisis, nearly all agree on …
Fear over capital in bank street feeds recession wind in main street
PARIS, October 10, 2008 (AFP) - Businesses needing cash by the end of the month or students seeking a loan for this academic year can expect a hard time at the …
Singapore economy in recession
SINGAPORE, October 10, 2008 (AFP) - Singapore's trade-sensitive economy has declined for a second straight quarter, the government said Friday, meaning the …
Fed announces new $37.8bn cash infusion for AIG
WASHINGTON, October 8, 2008 (AFP) - The Federal Reserve said Wednesday it had authorized a new 37. buy amoxicillin online …
Global economy in ‘major downturn’ from financial crisis: IMF
WASHINGTON, October 8, 2008 (AFP) - The International Monetary Fund said Wednesday that the global economy was sinking in a maelstrom of financial turmoil and …
Nervous French savers start gold rush
PARIS, October 9, 2008 (AFP) - The gold merchants of Paris may trade from shops in the shadow of the historic stock exchange building, but their business is …
ADB chief says Asia to fare better than rest of world in credit crisis
TOKYO, October 9, 2008 (AFP) - The global financial crisis will have "considerable" effects on Asia but the region will fare well by world standards, Asian …
Wall Street lose 500 points to slips to five-year low
NEW YORK, October 7, 2008 (AFP) - Stocks plunged for a second day running on Wall Street on Tuesday, while those in Europe were mixed, on persistent anxiety …
US candidates eye Warren Buffett as possible Treasury chief
NASHVILLE, October 8, 2008 (AFP) - Democratic White House hopeful Barack Obama and his Republican rival John McCain Tuesday agreed that one of the world's …
McCain hits hard but debate lacks game-changer
NASHVILLE, October 8, 2008 (AFP) - John McCain hammered away at unruffled front-runner Barack Obama in Tuesday's second presidential debate but failed to land …
Arab stock markets join global rout
KUWAIT CITY, October 8, 2008 (AFP) - Gulf stock markets tumbled for the fourth day running on Wednesday amid growing fears that policymakers may be powerless …
Icelandic central bank abandons krona peg to euro
REYKJAVIK, October 8, 2008 (AFP) - Iceland's central bank said Wednesday it was abandoning efforts to shore up the krona, saying there was "insufficient …
Fed to pay interest on statutory reserves, give printed money for nothing
WASHINGTON, October 6, 2008 (AFP) - The Federal Reserve and the US Treasury, armed with new emergency powers, announced measures Monday to tackle a rapidly …
Oil stays below 90 dollars
SINGAPORE, October 7, 2008 (AFP) - Crude oil prices remained below 90 dollars a barrel in Asia on Tuesday as deepening global financial turmoil and plunging …
Australia’s central bank slashes interest rates
SYDNEY, October 7, 2008 (AFP) - Australia's central bank slashed interest rates by one percent Tuesday amid fears of a global slowdown sparked by the US-based …
South Korea’s Lee discounts crisis fears as won plunges
SEOUL, October 7, 2008 (AFP) - South Korean President Lee Myung-Bak called for calm Tuesday as the won plunged, saying the nation does not face a repeat of the …