Business and Finance News
- Russia to invest billions buying up stocks
Kuala Lumpur News.Net
Russia will enter local stock markets next week to buy up billions of rubles of stocks, to help shore up markets.
- Paulson says U.S. planning to buy bank stocks
Kuala Lumpur News.Net
U.S. Treasury Secretary Henry Paulson said Friday the government was working on a plan to buy stock in financial institutions.
- GM and Chrysler reportedly in merger talks
Kuala Lumpur News.Net
The beleagured U.S. automaking industry could be in for a dramatic transformation.
- Paulson upbeat about G-7 action plan
Kuala Lumpur News.Net
A five-point plan proposed by G-7 ministers meeting in Washington, has received a ringing endorsement from the U.S. Treasury Secretary.
- Stocks in Saudi Arabia tumble then rebound
Kuala Lumpur News.Net
The Saudi stock market, the largest in the Arab world, fell 7% in opening trading Saturday, but trimmed losses as the day wore on.
- Oil hits lowest price in more than a year
Kuala Lumpur News.Net
... when crude hit an intraday low of $77.00.
- Investors turn to property as stocks sour
Kuala Lumpur News.Net
Investors are more likely to turn to 'bricks and mortar' or 'hard' assets as the meltdown in paper assets continues.
- Global crisis to impact on Sub-Saharan African economy
Kuala Lumpur News.Net
The global financial crisis is expected to slow sub-Saharan Africa's economic progress for the near future.
- Confidence of bank customers in Pakistan wanes
Kuala Lumpur News.Net
Some Pakistanis have started cleaning out their bank lockers and dollar accounts, fearing a freeze due to the economic crisis gripping the country. The run continues despite the assertion of President Asif Ali Zardari that 'Pakistan is not a limited company which may go bankrupt'.
- Bangladesh fears export trouble amid global financial meltdown
Kuala Lumpur News.Net
Businesses and policymakers in Bangladesh said Saturday they fear that the global financial crisis might cause a slump in the country's export earnings as its major export destinations are severely hit by the meltdown.
- American academic says similarities exist between Wall Street meltdown and Great Depression
Kuala Lumpur News.Net
Washington, Oct.11 : A professor of history and director of American Studies at Temple University, Bryant Simon, has said that there are some obvious similarities and differences between...
- 53 percent of Americans polled opposed to Wall Street bail out package
Kuala Lumpur News.Net
Washington, : A new FOX News poll has claimed that a majority of Americans are not supportive or enthused about the Bush Administration's 700 billion dollar bail out package to stop the meltdown on Wall Street.
- US stocks continue week
Kuala Lumpur News.Net
US stocks swung wildly Friday amid fears of a widening global credit crunch and recession.
- Stocks in focus for Monday
MarketWatch
RBS ] U.K. banks plan to announce capital-raising plans Mon. - WSJ','Alaska panel says Palin abused power in firing commissioner','Alaska committee voted 12-0 on issuing Palin report','Alaska...
- Dying DRM Means More Freedom for Music Fans
Wired News
Tech pundits and music columnists have predicted for years that digital rights management would die, record labels would crumble and artists would sell music directly to fans. Now those predictions...
- Qwest reaches tentative agreement with union
Star Tribune
Qwest Communications International Inc. says it has reached a tentative agreement for a four-year contract with a union representing about 20,000 employees. The company made the...
- Italy to push for broader G7 membership
Reuters
Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations' club next year, Italian Economy Minister Giulio Tremonti pledged on...
- Hell Is Other People
Wired News
... music. I'm a musician, for heaven's sake! But I don't love being forced to listen to the music other people love. In fact, thanks to artists like John Cage, Brian...
- Wall St. giants buried in global stock market panic
The Globe And Mail
NEW YORK Wall Street titans buckled under the weight of a global stock market panic on Friday as the finance chiefs of the world's major economies gathered in Washington to confront the...
- McCain and Palin Dragged Down by Wall Street Crash, End not in Sight
Asian Tribune
Sunday Discourse by Philip Fernando for Asian Tribune Remember the Republican Convention when John McCain went ahead in the polls over Barack Obama. That is ancient history now. Obama is ahead six...
- Key dates in Chrysler
Star Tribune
1998: Stuttgart, Germany-based Daimler-Benz, the maker of the upscale Mercedes Benz, announces a $36 billion merger with Chrysler. The new company, DaimlerChrysler AG, begins trading on the...
- GM, Chrysler have long histories, large footprints — and big financial challenges
Star Tribune
General Motors Corp. and Chrysler LLC at a glance: GENERAL MOTORS CORP. ASSETS: GM, founded in 1908, sells its cars and trucks under the Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer...
- Weak real estate continues to draw down Bank of Florida earnings
The Business Journal
... said it would report a loss of $3.4 million, or 27 cents a share, for the third quarter of 2008. The bank said in a release announcing preliminary third quarter results that continued weakness in...
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