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 …
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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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …