FBI probes finance giants for fraud: report
WASHINGTON, September 24, 2008 (AFP) - The US Federal Bureau of Investigation is probing allegations of fraud by 26 Wall Street firms including several …
World
Malaysia cuts fuel prices again
KUALA LUMPUR, September 24, 2008 (AFP) - Malaysia Wednesday announced another 3. online pharmacy buy phenergan with best prices today in the USA online …
Ex-banker Paulson faces snag in using public money to bailout banks
WASHINGTON, September 24, 2008 (AFP) - A battle over the US government's financial rescue package heated up in Congress Tuesday, with top finance officials …
IMF chief welcomes US Treasury moves, urges global action
LONDON, September 22, 2008 (AFP) - IMF managing director Dominique Strauss-Kahn welcomed Tuesday the "bold steps" taken by the United States to stabilise the …
Doubts grow on US financial rescue plan
WASHINGTON, September 22, 2008 (AFP) - Doubts emerged Monday about a gargantuan 700-billion-dollar US bailout of the finance system, plunging markets into …
Eurozone business activity at near seven-year low: survey
BRUSSELS, September 23, 2008 (AFP) - Business activity in the 15 nations sharing the euro slumped in September to the lowest level since just after the attacks …
Stamping out corruption can save lives, watchdog says
BERLIN, September 23, 2008 (AFP) - Stopping practices such as cronyism and embezzlement can save lives in poor countries, a graft watchdog said Tuesday as …
Former investment banker engineers biggest bailout
WASHINGTON, September 22, 2008 (AFP) - US Treasury Secretary Henry Paulson is a wealthy former Wall Street CEO and free-market thinker who has made a radical …
Nearly 53,000 China babies sickened by milk powder: govt
BEIJING, September 22, 2008 (AFP) - Nearly 53,000 children in China have been sickened by milk powder contaminated by an industrial chemical, the government …
Goldman Sachs and Morgan Stanley to be holding companies; get more printed money: Fed
WASHINGTON, September 22, 2008 (AFP) - US investment banks Goldman Sachs and Morgan Stanley will become bank holding companies and will receive new US …
Britain to boost powers of financial regulators
MANCHESTER, September 22, 2008 (AFP) - Britain is to draw up legislation to bolster the role of financial regulators and make it easier to intervene in a …
Australian exports to surge despite global slowdown: forecaster
SYDNEY, September 22, 2008 (AFP) - Australian export earnings are set to hit record levels this year due to continued strong demand for raw materials despite a …
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 …
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 …
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, …
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 …
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 …
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 …