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 …
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Barclays announces 1.75 bln dlr deal to buy Lehman parts
LONDON, September 17, 2008 (AFP) - Barclays said Wednesday it had reached a deal to acquire the North American investment banking and capital markets …
Gulf chiefs okay plans for monetary council, union
JEDDAH, September 17, 2008 (AFP) - Finance chiefs of oil-rich Gulf states on Wednesday approved proposals to set up a monetary council and a charter for a …
UK mortgage lender HBOS latest victim of financial crunch
LONDON, September 17, 2008 (AFP) - The global financial firestorm claimed a fresh victim Wednesday as top British mortgage lender HBOS said it was in takeover …
Commodity bubble deflation eases US inflation index
WASHINGTON, September 16, 2008 (AFP) - US consumer prices dropped 0.1 percent in August as falling energy costs eased inflation pressures, government data …
British inflation spikes to 4.7 percent in August
LONDON, September 16, 2008 (AFP) - British 12-month inflation hit a fresh 16-year high of 4. buy tadalista online buy tadalista generic 7 percent in August on …
Bank of Japan prints 1.5 trillion yen to grease markets
TOKYO, September 16, 2008 (AFP) - The Bank of Japan on Tuesday injected 1. buy albenza online …
AIG gets lifeline as shares go into free fall
NEW YORK, September 15, 2008 (AFP) - Struggling US insurance giant American International Group was thrown a life-line Monday by New York authorities, who said …
Death watch for Lehman Brothers as no buyer emerges
WASHINGTON, September 15, 2008 (AFP) - A last-ditch effort to find a buyer for troubled Wall Street investment bank Lehman Brothers appeared near collapse …
Ike damaged about 10 oil platforms: US officials
WASHINGTON, September 14, 2008 (AFP) - Hurricane Ike appears to have damaged about 10 oil platforms in the Gulf of Mexico, US officials said Sunday, raising …
Indian shares fall 5.19 percent on opening
MUMBAI, September 15, 2008 (AFP) - Indian shares tumbled 5.19 percent within minutes of opening on Monday over fears for the global financial system as the …
Sri Lanka’s Colombo University to teach farmers online
Sept 15, 2008 (LBO) – Sri Lanka's University of Colombo is starting an online agro technology degree program for rural farmers, with a pilot project …
Britain’s Brown facing growing revolt
LONDON, September 14, 2008 (AFP) - The calls for British Prime Minister Gordon Brown to face a leadership contest grew Sunday as former ministers attacked his …
EU finance chiefs still see no end in sight to crisis
NICE, September 14, 2008 (AFP) - The crisis roiling the financial sector will probably grind on for some time, but European banks should be able to avert …
Oil prices around US$100, despite hurricanes, OPEC cuts
NEW YORK, September 12, 2008 (AFP) - Oil prices closed narrowly mixed Friday amid a near-total shutdown of offshore rigs in the Gulf of Mexico, where a massive …
Catastrophe looms as Hurricane Ike pounds Texas coast
GALVESTON, September 13, 2008 (AFP) - Mammoth Hurricane Ike lashed the Texas Gulf coast with rain and wind late Friday, flooding parts of Galveston and …
432 Chinese babies get kidney stones from tainted milk powder
BEIJING, September 13, 2008 (AFP) - China's health minister said 432 babies had kidney stones after drinking contaminated milk powder and vowed to punish those …
Maldives can maintain dollar peg if budgets improve: IMF
Sept 13, 2008 (LBO) - The Maldives can maintain its dollar peg despite a steep rise in inflation if budgets improve and the island's newly re-constituted …
Three dead in New Delhi blasts: report
NEW DELHI, September 13, 2008 (AFP) - Three people were killed as a series of blasts hit the Indian capital New Delhi on Saturday, television reports said. …
Venezuela expels US ambassador, threatens to cut oil
CARACAS, September 12, 2008 (AFP) - Venezuelan President Hugo Chavez expelled the US envoy to Caracas late Thursday and threatened to halt crude exports to the …