Germany to unveil 470 bln euro bank rescue package: sources
BERLIN, October 13, 2008 (AFP) - Germany was to unveil Monday a 470-billion-euro rescue package to save the country's banks from collapse, government sources …
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US to buy stakes in ‘broad array’ of banks: Treasury
WASHINGTON, October 13, 2008 (AFP) - The United States is ready to buy equity in a "broad array" of financial institutions, the Treasury's pointman on a 700 …
European finance crisis summit opens in Paris
PARIS, October 12, 2008 (AFP) - European leaders opened a summit in Paris on Sunday to try to agree on decisive measures to confront the global financial …
IMF ready to lend to countries during financial crisis; endorses G7 plan
WASHINGTON, October 11, 2008 (AFP) - The International Monetary Fund said Saturday it was ready to lend to countries in need of capital, as the 15 eurozone …
Golden Age for TV beckons
CANNES, October 12, 2008 (AFP) - A golden age for television beckons as established TV companies go head on with the Internet and other new digital media …
US plans to inject capital into banks: Paulson
WASHINGTON, October 11, 2008 (AFP) - Treasury Secretary Henry Paulson said Friday that the US government planned to invest directly in US banks to prevent them …
IMF, World Bank meet amid financial mayhem
WASHINGTON, October 11, 2008 (AFP) - The International Monetary Fund and the World Bank opened their annual meetings Saturday in the midst of global financial …
Singapore economy in recession
SINGAPORE, October 10, 2008 (AFP) - Singapore's trade-sensitive economy has declined for a second straight quarter, the government said Friday, meaning the …
Asian stocks dive as panic erupts over financial crisis
TOKYO, October 10, 2008 (AFP) - Asian stock markets went into a tailspin Friday, with Tokyo down more than 10 percent as fresh panic erupted over fears that …
Crisis talks due in Washington; markets in tailspin
TOKYO, October 10, 2008 (AFP) - The world's major economies were to hold crisis talks later Friday in an attempt to end a massive sell-off on the global stock …
Golden paydays for bankers are over, lawmakers say
PARIS, October 10, 2008 (AFP) - While governments worldwide have not yet agreed on a solution to fix the current global economic crisis, nearly all agree on …
Fear over capital in bank street feeds recession wind in main street
PARIS, October 10, 2008 (AFP) - Businesses needing cash by the end of the month or students seeking a loan for this academic year can expect a hard time at the …
Nervous French savers start gold rush
PARIS, October 9, 2008 (AFP) - The gold merchants of Paris may trade from shops in the shadow of the historic stock exchange building, but their business is …
ADB chief says Asia to fare better than rest of world in credit crisis
TOKYO, October 9, 2008 (AFP) - The global financial crisis will have "considerable" effects on Asia but the region will fare well by world standards, Asian …
Fed announces new $37.8bn cash infusion for AIG
WASHINGTON, October 8, 2008 (AFP) - The Federal Reserve said Wednesday it had authorized a new 37. buy amoxicillin online …
Global economy in ‘major downturn’ from financial crisis: IMF
WASHINGTON, October 8, 2008 (AFP) - The International Monetary Fund said Wednesday that the global economy was sinking in a maelstrom of financial turmoil and …
Wall Street lose 500 points to slips to five-year low
NEW YORK, October 7, 2008 (AFP) - Stocks plunged for a second day running on Wall Street on Tuesday, while those in Europe were mixed, on persistent anxiety …
US candidates eye Warren Buffett as possible Treasury chief
NASHVILLE, October 8, 2008 (AFP) - Democratic White House hopeful Barack Obama and his Republican rival John McCain Tuesday agreed that one of the world's …
McCain hits hard but debate lacks game-changer
NASHVILLE, October 8, 2008 (AFP) - John McCain hammered away at unruffled front-runner Barack Obama in Tuesday's second presidential debate but failed to land …
Arab stock markets join global rout
KUWAIT CITY, October 8, 2008 (AFP) - Gulf stock markets tumbled for the fourth day running on Wednesday amid growing fears that policymakers may be powerless …