Global financial crisis to have ‘far-reaching’ impact: IMF
WASHINGTON, Sept 24, 2007 (AFP) - The turmoil stemming from the US subprime property loan market and tighter credit will have a "far-reaching" impact on the …
World
Fed decision to print more money undermine confidence in dollar
WASHINGTON, Sept 23, 2007 (AFP) - The dollar's weakness and the euro's rise to record highs have raised questions about confidence in the US currency following …
From India to Indjija — Serb town in IT park deal
INDJIJA, Serbia, Sept 23, 2007 (AFP) - Goran Jesic, a young mayor with a reputation for investment coups, will sign a deal this week with an Indian company to …
China’s Chery group matures into global auto player
WUHU, China, Sept 23, 2007 (AFP) - China's Chery Auto sales vice president Jin Yibo remembers when the roof in the president's office had a leak so big that …
US cities’ Wi-Fi dreams fading fast
WASHINGTON, Sept 23, 2007 (AFP) - Ambitious plans for big Wi-Fi networks to provide free or low-cost wireless Internet access are being abandoned or scaled …
Dollar sinks to new euro low as Fed prints more money; Saudi to drop dollar peg?
NEW YORK, Sept 20, 2007 (AFP) - The dollar sank to a record low against the euro Thursday after Federal Reserve chairman Ben Bernanke warned that US mortgage …
World Bank ex-chief says power heading east
HONG KONG, Sept 21, 2007 (AFP) - The former president of the World Bank said Friday that rich countries were ill-prepared to deal with the "tectonic shift" in …
Sri Lanka India sea canal row escalates
CHENNAI, India, Sept 21, 2007 (AFP) - A state leader in India has dismissed a deity worshipped by millions as a "big lie", deepening a highly sensitive row …
Playboy opens first European store in London
LONDON, Sept 21, 2007 (AFP) - Playboy continued its evolution from adult magazine to international merchandising brand by opening its first store in Europe …
Indian inflation falls to near five-year low
NEW DELHI, Sept 21, 2007 (AFP) - India's annual inflation rate has fallen to a near five-year low, official data on Friday showed, but soaring global crude …
Canada to overtake US currency as Fed switch on printing press
OTTAWA, Sept 18, 2007 (AFP) - The Canadian dollar reached a 30-year high Tuesday, nearing parity with the US greenback after the US Federal Reserve cut its key …
Fed printing press scares bond market; equity bulls happy
WASHINGTON, Sept 19, 2007 (AFP) - A bold half-point rate cut by the Federal Reserve will give the ailing US economy a shot in the arm, but runs the risk of …
US backing makes help French candidate for IMF chief
WASHINGTON, Sept 19, 2007 (AFP) - Now backed by the United States, the socialist former French finance minister Dominique Strauss-Kahn is set to sail to …
Peru meteorite strike leaves 200 ill
LIMA, Sept 18, 2007 (AFP) - About 200 villagers have fallen ill from mysterious gases that spewed from a crater after a meteorite crashed in southeastern Peru, …
Northern Rock set to return to normal as crisis subsides
LONDON, Sept 19, 2007 (AFP) - Northern Rock customers finally appeared confident that they could leave their savings with the crisis-hit lender, with few, if …
Charges against Goldquest directors dropped
Sept 19, 2007 (LBO) – Prosecutors in the Philippines have dropped charges against Goldquest directors involved in an alleged investment scam, media …
World Bank, UN join battle to claw back corrupt leaders spoils
UNITED NATIONS, Sept 17, 2007 (AFP) - The World Bank and United Nations on Monday threw their backing behind developing nations seeking to recover assets …
Wall Street drops as anxiety high ahead of Fed meet
NEW YORK, Sept 17, 2007 (AFP) - Wall Street stocks fell Monday as anxiety ran high a day ahead of a crucial Federal Reserve meeting to decide the course of US …
China to buy 3,400 new airplanes by 2026: Boeing
BEIJING, Sept 18, 2007 (AFP) - China, the world's fastest growing aviation market, will need 3,400 new airplanes worth about 340 billion dollars over the next …
China web-user dies after three-day online binge
BEIJING, Sept 17, 2007 (AFP) - A man in southern China collapsed and died after a three-day marathon online session at a cybercafe, state media reported on …