Kuwaiti shares nosedive on cash drain
KUWAIT CITY, September 11, 2008 (AFP) - Kuwaiti stocks ended the week through Thursday down six percent on lack of cashflow drained by huge IPOs and a strict …
World
Lehman Brothers in freefall as hopes fade for new capital
NEW YORK, September 9, 2008 (AFP) - Shares of Lehman Brothers went into a freefall Tuesday as hopes faded for an injection of fresh capital for the ailing Wall …
OPEC a spectator as oil sinks below US$100
VIENNA, September 9, 2008 (AFP) - Oil prices dipped below 100 dollars for the first time since April on Tuesday as OPEC met in Vienna, with pressure growing …
Oil prices fall to US$102, a five-month low, before OPEC meet
LONDON, September 9, 2008 (AFP) - Oil prices slumped to 102 dollars a barrel on Tuesday, the lowest level since the start of April, as the market waited to see …
EU economics chief sees economy weakening
BRUSSELS, September 9, 2008 (AFP) - EU Economics chief Joaquin Almunia warned on Tuesday that soon-to-be published growth forecasts would paint a dismal …
World growth to slow before recovery: IMF
NEW YORK, September 9, 2008 (AFP) - World economic growth is set to continue to slow in the second half of 2008 before a gradual recovery in 2009, the number …
US takes over Fannie, Freddie in bid to ease finance crisis
WASHINGTON, September 7, 2008 (AFP) - The US government took over ailing mortgage giants Fannie Mae and Freddie Mac on Sunday and placed them in a …
OPEC struggles with falling oil prices, as bubble deflates
VIENNA, September 7, 2008 (AFP) - The question facing the OPEC oil producer group which meets Tuesday is when, not if, to cut its oil production target as …
Singapore Airlines says to cut fuel surcharges
SINGAPORE, September 8, 2008 (AFP) - Singapore Airlines (SIA) said Monday it will cut fuel surcharges on some of its international flights after recent …
Kuwait says no need for oil output cut
KUWAIT CITY, September 8, 2008 (AFP) - Kuwait's Oil Minister Mohammad Al-Olaim said on Monday as he left for an OPEC meeting that he saw no need to cut the …
White House race a cliffhanger as home stretch looms
WASHINGTON, September 7, 2008 (AFP) - The historic, twisting, cliffhanger White House race is swinging into an eight-week sprint to the finish, with John …
McCain backs government takeover of mortgage giants
ALBUQUERQUE, September 6, 2008 (AFP) - Republican presidential hopeful John McCain backed a government takeover of two mortgage giants Saturday while his …
Fighting inflation best way to deal with financial crisis: ECB chief
FRANKFURT, September 5, 2008 (AFP) - A monetary policy based on fighting inflation is the European Central Bank's best weapon against volatile commodity prices …
Oil prices at US$108 after US inventory data
LONDON, September 4, 2008 (AFP) - Oil prices fell on Thursday as the market digested the latest weekly snapshot of US energy stockpiles which recorded a bigger …
End of bubble sees commodity prices tumble: analysts
PARIS, September 5, 2008 (AFP) - Sharp falls in commodity prices and a rise in the dollar mark the ending of one of the biggest ever speculative bubbles and a …
Sri Lanka gripped by heavy battles
September 5, 2008 (AFP) - Government forces and Tamil Tiger separatists fought heavy battles in northern Sri Lanka with another 34 combatants killed in fresh …
Oil prices at US$109 a barrel
LONDON, September 3, 2008 (AFP) - Oil prices closed modestly lower Wednesday as the market focused on demand amid a slowing global economy and signs that OPEC …
Euro, pound in trough in Asia ahead of rate decisions
TOKYO, September 4, 2008 (AFP) - The euro and pound languished in Asian trade Thursday but were off lows against the dollar ahead of central bank decisions in …
Oil riches propel Abu Dhabi onto world map
DUBAI, September 4, 2008 (AFP) - Oil-rich Abu Dhabi, which this week boasted of taking over English football club Manchester City, is pumping billions of …
India’s inflation slows for second successive week
NEW DELHI, September 4, 2008 (AFP) - India's inflation slowed for a second week in a row but remained far above the central bank's tolerance level, data on …