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 plan …
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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 the …
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 the …
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 months, …
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 institutions similar …
Sri Lanka selections for Canada Cup hit by selection row
September 21, 2008 (AFP) - A selection dispute has hit the announcement of the Sri Lankan national team for the 20Twenty competition in Canada, officials said …
Selection row hits Sri Lanka selections for Canada Cup
September 21, 2008 (AFP) - A selection dispute has hit the announcement of the Sri Lankan national team for the 20Twenty competition in Canada, officials said …
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 action on …
Many trapped in Pakistan hotel after bombing
ISLAMABAD, September 20, 2008 (AFP) - Many people are trapped inside the hotel in the Pakistan capital Islamabad after a massive bombing at the site Saturday …
Scores killed in Pakistan hotel bombing
ISLAMABAD, September 20, 2008 (AFP) - At least 27 people were killed in a massive car bombing at the Marriott Hotel in the Pakistan capital Islamabad on …
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 that the …
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, and warned it …
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 Wall …
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 stepped up …
Dollar flounders in Asian trade in market storm
TOKYO, September 18, 2008 (AFP) - The dollar fell further in Asian trade Thursday as the US bailout of insurer AIG failed to quell market fears that more …
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 the British …
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 Wall …
Central bank money printing binge give life to commodity bubble
LONDON, September 18, 2008 (AFP) - Oil prices extended gains on Thursday as the dollar fell following a coordinated plan by major central banks around the …
Sri Lanka rubber seen staying strong despite fall in oil prices
Sept 18, 2008 (LBO) - Sri Lankan natural rubber prices have come off their highs after oil prices plunged but are likely to remain strong with demand from …
Dollar rallies after Fed decision to hold rates steady at 2.0-pct
NEW YORK, September 16, 2008 (AFP) - The dollar rallied against the other main currencies Tuesday after the Federal Reserve surprised the market by holding …