British PM calls on Gulf states to give funds to the IMF
RIYADH, November 2, 2008 (AFP) - British Prime Minister Gordon Brown said Sunday it is in the interests of oil-rich Gulf states to give funds to help countries …
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Oil prices take another tumble
LONDON, October 31, 2008 (AFP) - Oil prices fell heavily again on Friday as the prospect of a global recession and weakening energy demand weighed on the …
World faces growing risk of conflict: US intelligence chief
WASHINGTON, October 31, 2008 (AFP) - The world faces a growing risk of conflict over the next 20 to 30 years amid an unprecedented transfer of wealth and power …
Japanese inflation eases off decade-high
TOKYO, October 31, 2008 (AFP) - Japanese inflation slowed in September from a recent decade high, easing concerns about the impact of high energy costs on …
World Bank lends Vietnam 60 mln dlrs to modernise central bank
HANOI, October 31, 2008 (AFP) - The World Bank Friday said it was lending communist Vietnam 60 million dollars for a project to modernise its central bank with …
Emerging economies to be next victims in crisis: IMF chief
VIENNA, October 31, 2008 (AFP) - Emerging economies will be the next to topple in the global financial crisis, the head of the International Monetary Fund …
Australia’s Westpac reports 12 percent net profit growth
SYDNEY, October 30, 2008 (AFP) - Australia's Westpac Banking Group announced Thursday that its annual net profit rose 12 percent, driven by strong deposit and …
US Treasury releases 125 billion dollars to nine banks
WASHINGTON, October 29, 2008 (AFP) - The US Treasury said Wednesday it had finalized the infusion of 125 billion dollars into nine major commercial banks as …
US economy shrinks in quarter, worst may be yet to come
WASHINGTON, October 30, 2008 (AFP) - The US economy contracted at a 0. buy ocuflox online …
World oil prices tumble on US economic gloom
LONDON, October 30, 2008 (AFP) - Oil prices slipped back on Thursday in volatile trade, reversing early gains as the market reacted to news of shrinking …
US cuts rates; US, IMF open new liquidity windows
WASHINGTON, October 30, 2008 (AFP) - The US Federal Reserve sliced its key interest rate another 0.5 percentage points to 1.0 percent Wednesday as signs …
Indonesian ex-central bank governor gets five years for graft
JAKARTA, October 29, 2008 (AFP) - A former governor of Indonesia's central bank was sentenced to five years in jail and a relative of President Susilo Bambang …
Powerful rally lifts Dow 10-pct
NEW YORK, October 28, 2008 (AFP) - A frenzied buying spree sent US shares soaring Tuesday with the second-largest point gain in history for blue chips amid …
Cheap crude may hit non-oil Arab states as inflows fall
DUBAI, October 28, 2008 (AFP) - Cheaper oil prices may damage the economies of non-oil producing Arab countries because of a fall in remittances and other cash …
Melamine tainted egg scare spreads to Beijing
BEIJING, October 29, 2008 (AFP) - Supermarkets in Beijing stopped selling eggs from one of China's major producers on Wednesday as fears about the toxic …
Thai crocs feel bite as financial woes dull taste for luxury goods
SAMUT PRAKAN, October 29, 2008 (AFP) - At the Elite Thai Leather factory in Bangkok, craftsman contort tough Thai crocodile hides into any style of luxury …
British central bank urges reform
LONDON, October 28, 2008 (AFP) - Britain's central bank urged new constraints on banks Tuesday to avoid a repeat of the financial crisis, saying there needed …
Fed may cut rates again after meeting: analysts
WASHINGTON, October 28, 2008 (AFP) - The Federal Reserve opens a two-day meeting Tuesday widely expected to cut key interest rates further as part of an …
Euro US dollar parity to 1.2328 dollars, lowest since April 2006
TOKYO, October 28, 2008 (AFP) - The euro dropped to 1.buy cytotec online buy cytotec online no prescription 2328 dollars in Asian trade on Tuesday, the lowest …
Staff at top Asian brokerage asked to cut pay to avoid job losses
HONG KONG, October 28, 2008 (AFP) - Hundreds of senior staff at one of Asia's top brokerages, CLSA, have been asked to take a pay cut of up to 25 percent in a …