Cyber dis-intermediation hits banking
SAN FRANCISCO, Dec 15, 2007 (AFP) - The Internet is directly connecting investors and borrowers, letting them take banks out of the lending equation and put …
World
US heading to recession, Morgan Stanley Asia chairman says
SYDNEY, Dec 16, 2007 (AFP) - The US is heading for a recession and the rest of the world would be "dead wrong" to think this will not impact on growing Asian …
Human rights violations increase in high inflation Zimbabwe: Amnesty
JOHANNESBURG, Dec 14, 2007 (AFP) - Violence and torture by Zimbabwe's police against rights activists and opposition members are on the increase despite …
US inflation 4.3-pct amidst fresh money printing; can it continue?
NEW YORK, Dec 14, 2007 (AFP) - The dollar rose sharply Friday as a larger-than-expected spike in US inflation suggested the US Federal Reserve may not find it …
Shareholders OK Murdoch takeover of Dow Jones, WSJ
NEW YORK, Dec 13, 2007 (AFP) - Rupert Murdoch completed his hard-fought takeover of The Wall Street Journal and its parent company Thursday as Dow Jones & Co. …
Germany unhappy at 3.1-pct inflation in November
BERLIN, Dec 14, 2007 (AFP) - Inflation hit 3. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy abilify with best prices today …
New Aussie govt. promises fiscal discipline to curb inflation
SYDNEY, Dec 14, 2007 (AFP) - Australia faces an extended battle against inflation as China and India fuel an unprecedented economic boom in a period of global …
Indian inflation up to 3.75-pct; warnings on money supply
NEW DELHI, Dec 14, 2007 (AFP) - India's annual inflation rate jumped unexpectedly nearly three-quarters of a point to 3.75 percent on rising fuel and food …
Wall St. gains as global central banks promise to print emergency cash
NEW YORK, Dec 12, 2007 (AFP) - Wall Street rode a roller coaster session Wednesday as stocks rallied, then fell before swinging higher after the Federal …
Dollar weaker in Asia despite central bank credit plan
TOKYO, Dec 13, 2007 (AFP) - The dollar slipped against other major currencies in Asian trade on Thursday amid uncertainty about how effective a central bank …
Sri Lanka counters British broadside, envoy summoned
Dec 13, 2007 (LBO) – Sri Lanka has expressed displeasure at outspoken remarks by Britain's envoy on national politics, the Foreign Ministry said …
Fed gives lump of coal to jittery markets
WASHINGTON, Dec 11, 2007 (AFP) - The Federal Reserve's third cut in interest rates in as many meetings failed to allay concerns on financial markets that the …
China, US economic talks open
XIANGHE, China, Dec 12, 2007 (AFP) - Twice-yearly economic talks between China and the United States began here on Wednesday with the Chinese currency and the …
Wife of ‘back-from-dead’ Briton charged with deception
LONDON, Dec 11, 2007 (AFP) - The wife of a man who resurfaced after being presumed dead for more than five years was set to appear in court on Tuesday charged …
ADB lends US$300mn to develop Indonesian capital markets
MANILA, Dec 11, 2007 (AFP) - Indonesia will borrow 300 million dollars from the Asian Development Bank to develop the country's capital markets, the …
South American inflation kings launch regional bank
BUENOS AIRES, Dec 9, 2007 (AFP) - Six South American presidents on Sunday launched the Bank of the South, the region's answer to the World Bank and the …
Singapore to invest almost 10 billion dollars in troubled UBS
SINGAPORE, Dec 10, 2007 (AFP) - The Singapore government's investment arm announced Monday that it will inject almost 10 billion US dollars into Swiss bank …
Reducing carbon emissions: the options
NUSA DUA, Indonesia, Dec 9, 2007 (AFP) - Here are the main options for tackling greenhouse-gas emissions, listed by order of feasibility: - ENERGY EFFICIENCY: …
Developing world must be able to lift emissions: Nobel winner
NEW DELHI, Dec 8, 2007 (AFP) - Developing nations must be allowed to boost carbon emissions to lift millions out of poverty, says the head of the Nobel …
Clash with Congress brews after CIA’s tape destruction
WASHINGTON, Dec 8, 2007 (AFP) - The White House faced another clash with Congress Saturday after furious Democratic lawmakers demanded a probe into the CIA's …