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 …
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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 fate of …
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 widening …
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 revised …
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 the …
Sri Lankan businesses told of ‘green shopping’ opportunities
Oct 02, 2008 (LBO) - Growing consumer demand in Western markets for environmentally-friendly products provide new opportunities for Sri Lankan businesses, a …
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 bound …
US tweaks ‘fair value’ accounting rules amidst illiquid markets
WASHINGTON, September 30, 2008 (AFP) - US regulators Tuesday offered new guidelines aimed at easing accounting rules blamed by some analysts for worsening the …
French PM says banks vulnerable, but state will step in
PARIS, September 30, 2008 (AFP) - French Prime Minister Francois Fillon has warned in an interview to appear Wednesday that the country's banks are vulnerable …
Privatization of first US airport could bank 2.5 billion dollars
CHICAGO, September 30, 2008 (AFP) - The privatization of the first major US airport could net the city of Chicago 2. online pharmacy buy spiriva inhaler with …
Coral-killing starfish turns out to be four species, not one
PARIS, September 30, 2008 (AFP) - The crown-of-thorns starfish, a notorious threat to coral in the Indian and Pacific Oceans, comprises four species, not one, …
Sri Lanka to introduce energy efficiency laws
Oct 01, 2008 (LBO) - Sri Lanka's government plans to introduce new laws to make energy efficiency improvement measures mandatory that may even extend to …
US Senate to vote Wednesday on bailout package
WASHINGTON, October 1, 2008 (AFP) - The US Senate will vote Wednesday evening on a revised 700 billion dollar Wall Street bailout, after the House of …
Markets dive after US lawmakers reject financial bailout
NEW YORK, September 29, 2008 (AFP) - Global markets panicked Monday after US lawmakers rejected a 700-billion-dollar rescue of the financial system, raising …
Drama as American people say no to Wall Street bailout
WASHINGTON, September 29, 2008 (AFP) - Shocked, open-mouthed and fearful US lawmakers stood in the well of the House of Representatives Monday, dumbfounded by …
Dollar gains despite rejection of bailout plan
NEW YORK, September 29, 2008 (AFP) - The euro and the pound slid against the dollar Monday after the rescue of several European banks deepened worries about …
Asian stocks dive as panic sweeps global markets
TOKYO, September 30, 2008 (AFP) - Stocks plunged in Asia Tuesday as fears of escalating financial turmoil triggered panic selling on world markets after …
Legal Action
Sept 30, 2008 (LBO) – Sri Lanka's lawyers are to protest in front of the main court complex in the capital Colombo while condemnation poured in, after an …
World awaits action after US rejects bailout
WASHINGTON, September 30, 2008 (AFP) - Treasury Secretary Henry Paulson warned US lawmakers they had to act fast after the House rejected his …