G7 to meet amid fading hopes of joint action on economy
TOKYO, Feb 5, 2008 (AFP) - Slumping global stock markets and fears of a US recession are set to dominate a weekend meeting here of the world's top finance …
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Australia hikes rates to 7.00-pct, a 12-year-high
SYDNEY, Feb 5, 2008 (AFP) - Australia's central bank Tuesday lifted its key interest rates 25 basis points to 7. online pharmacy buy abilify with best prices …
Google concerned over Microsoft bid for Yahoo
SAN FRANCISCO, Feb 3, 2008 (AFP) - Internet giant Google said Sunday it finds "troubling" Microsoft's multi-billion-dollar bid to acquire rival Yahoo and urged …
Singapore to buy Westin Hotel Tokyo from Morgan Stanley
TOKYO, Feb 3, 2008 (AFP) - The Government of Singapore Investment Corp (GIC) has agreed to buy the Westin Tokyo luxury hotel for 77 billion yen (723 million …
Kenya killings overshadow peace hopes
NAIROBI, Feb 2, 2008 (AFP) - Dozens died in clashes in western Kenya, police said Saturday, shattering hopes for an accord by political rivals to make efforts …
ECB expected to stand firm on rates, despite concerns
FRANKFURT, Feb 3, 2008 (AFP) - Faced with record inflation, the European Central Bank is expected to resist pressure for an interest rate cut when its …
OPEC to keep oil output steady; Venezuela wants higher prices
VIENNA, Jan 31, 2008 (AFP) - OPEC ministers turned down calls for extra output on Thursday, voicing concern that the weak US economy may cause oil prices to …
Climate change could devastate South Asia, Africa crops: study
CHICAGO, Jan 31, 2008 (AFP) - Climate change will cause severe crop losses in Africa and Asia within the next 20 years unless farming practices are changed, a …
Tiger smuggler in Thailand surrenders
BANGKOK, Feb 1, 2008 (AFP) - A Thai man accused of trafficking tiger and leopard carcasses as well as hundreds of live pangolins has turned himself over to …
Yahoo’s former chief leaves board of directors
SAN FRANCISCO, Jan 31, 2008 (AFP) - Dethroned Yahoo chief executive Terry Semel left the struggling Internet firm's board of directors on Thursday. online …
Bernanke cuts rates to protect financial system
WASHINGTON, Jan 30, 2008 (AFP) - The US Federal Reserve has stepped up its campaign to head off recession with another half-point rate cut as part of an …
Shell profits surge to record 31 billion dollars in 2007
LONDON, Jan 31, 2008 (AFP) - Anglo-Dutch oil giant Royal Dutch Shell said on Thursday that net profits leapt 23 percent last year to a record 31. online …
Singapore ready to bailout another global bank: newspaper
SINGAPORE, Jan 30, 2008 (AFP) - The Government of Singapore Investment Corporation (GIC), fresh from multi-billion-dollar capital injections into troubled …
Strong quake rocks Indonesia’s Maluku, tsunami alert sounded
JAKARTA, Jan 30, 2008 (AFP) - A strong 6.6-magnitude earthquake rocked the eastern Indonesian province of Maluku on Wednesday, prompting the issuing of a …
IMF lowers global growth forecast, citing financial crisis
WASHINGTON, Jan 29, 2008 (AFP) - The International Monetary Fund on Tuesday lowered its 2008 global growth outlook, citing a US slowdown and financial market …
Coal prices surge to catch up with oil
SYDNEY, Jan 30, 2008 (AFP) - Floods in Australia, freezing weather in China and transport bottlenecks in Indonesia have helped stoke a sharp rise in the price …
Subprime crisis sends chill through Arctic Circle
OSLO, Jan 29, 2008 (AFP) - Perhaps the most unlikely victims of the US subprime crisis are eight small Norwegian towns currently licking their wounds after …
French rogue trader freed after escaping fraud charges
PARIS, Jan 28, 2008 (AFP) - French judges placed rogue trader Jerome Kerviel under formal investigation on Monday but stopped short of charging him with fraud …
Dollar drops against yen with all eyes on Fed
TOKYO, Jan 29, 2008 (AFP) - The dollar slipped against the yen in Asian trade on Tuesday as traders bet on another US interest rate cut this week to try to …
SG says rogue trader had fictitious counterparties; lawyers protest innocence
PARIS, Jan 27, 2008 (AFP) - French investigators on Sunday extended the detention of accused rogue trader Jerome Kerviel over a seven-billion-dollar fraud as …