US credit crunch “unbelievable”: Swiss central bank chief
GENEVA, Aug 19, 2007 (AFP) - Swiss central bank chief Jean-Pierre Roth sharply criticised the US economic system in an interview published Sunday, after the …
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Bruised US investors see perilous waters ahead
NEW YORK, Aug 17, 2007 (AFP) - Credit fears have played havoc with Wall Street stock portfolios and US investors could suffer more bruises from fresh upheavals …
Bruised Asian markets struggle to find a floor
TOKYO, Aug 17, 2007 (AFP) - Credit fears unleashed fresh turbulence on Asian stock markets Friday as Tokyo spiralled lower and other bourses in the region …
Chavez to grab control of Venezuela central bank, international reserves and be president longer
CARACAS, Aug 16, 2007 (AFP) - President Hugo Chavez late Wednesday proposed sweeping changes to Venezuela's constitution to remove presidential term limits and …
G7 nations discussing market-stabilising measures: report
TOKYO, Aug 17, 2007 (AFP) - The Group of Seven industrialised nations have begun discussing measures to cope with plunging stock markets and wild foreign …
Fed cuts discount rate by 50bp amid increased uncertainty
WASHINGTON, Aug 17, 2007 (AFP) - The US Federal Reserve said Friday it had cut its discount window rate by 50 basis points to 5. online pharmacy buy abilify …
US signals opposition to APEC membership expansion
WASHINGTON, Aug 16, 2007 (AFP) - The United States on Thursday signalled opposition to any immediate expansion of the 21-member Asia-Pacific Economic …
Investors unwind ‘carry trades’ built on cheap yen
NEW YORK, Aug 16, 2007 (AFP) - The dollar tumbled against the yen Thursday, but notched up gains against the euro and the British pound as investors unwound …
Singapore money market orderly despite global slump: MAS
SINGAPORE, Aug 17, 2007 (AFP) - Singapore's central bank said the domestic money and foreign exchange markets have been orderly despite the global turmoil …
Rating agencies on the mat in EU after subprime crisis: report
LONDON, Aug 16, 2007 (AFP) - The European Commission will investigate the role played by credit rating agencies in the recent crisis over subprime US home …
Dollar, euro fall sharply against yen amid market turmoil
TOKYO, Aug 16, 2007 (AFP) - The dollar and euro fell sharply in Asian trade Thursday against the yen, sliding to four-month lows as investors ran for cover …
World leaders urge calm amid fresh market turmoil
PARIS, Aug 16, 2007 (AFP) - World leaders on Thursday insisted that the US credit crunch would not cause an economic crisis but stock markets across the world …
Saudi boss kept Sri Lankan maid prisoner for 10 years: report
RIYADH, Aug 14, 2007 (AFP) - A Sri Lankan housemaid in Saudi Arabia pleaded in a call to a newspaper to be rescued from her employer she says has kept her …
Myanmar loses a battle in fuel price controls and rationing war
YANGON, Aug 15, 2007 (AFP) - Myanmar's military government secretly doubled key fuel prices early Wednesday, stranding bus operators and commuters across the …
Asian stocks tumble as global selloff drags on
TOKYO, Aug 15, 2007 (AFP) - Most Asian stock markets suffered another mauling in early trade on Wednesday after an overnight slump on Wall Street dashed hopes …
European stocks follow Asian markets down
LONDON, Aug 15, 2007 (AFP) - Europe's main stock markets tumbled again on Wednesday as investors were gripped by concerns over a potential global credit crunch …
Senior army officials from Sri Lanka and 19 nations hold secret talks in Australia
SYDNEY, Aug 14, 2007 (AFP) - Army chiefs from 19 countries, including the United States, Japan and India, met secretly in Sydney ahead of an Asia-Pacific …
Researchers create ‘paper thin’ battery, literally
CHICAGO, Aug 13, 2007 (AFP) - US researchers said Monday they have invented a lightweight paper battery that could serve as an enhanced power storage device …
Japan to withdraw 600 billion yen from money market
TOKYO, Aug 14, 2007 (AFP) - The Bank of Japan said Tuesday it will withdraw 600 billion yen (5. buy silagra online silagra online generic 0 billion dollars) …
Goldman Sachs finds backers to bailout hedge fund
NEW YORK, Aug 13, 2007 (AFP) - Goldman Sachs, considered one of Wall Street's most prestigious investment banks, said Monday it had joined with other investors …