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Tue, 07 Oct 2008 05:13 PM
Iceland on Tuesday nationalised the second of its three largest banks, locked its currency into a fixed exchange system and sought a large loan from Russia to fend off potential national bankruptcy.
Tue, 07 Oct 2008 05:13 PM
Iceland on Tuesday nationalised the second of its three largest banks, locked its currency into a fixed exchange system and sought a large loan from Russia to fend off potential national bankruptcy.
Tue, 07 Oct 2008 01:44 PM
A group of unidentified Kuwaiti investors on Tuesday lodged a request at a court urging the government to temporarily close the stock market to protect small investors from losses. The Kuwaiti court has slated October 9 to hold a hearing on the possible closure of the Kuwait Stock Market, Adel Abdul- Hadi, a lawyer rep...
Tue, 07 Oct 2008 01:44 PM
HP Middle East has confirmed that its category boss for consumer and commercial products Anil Kumar will lead its PC division with immediate effect. Kumar replaces the vendor’s former Personal Systems Group chief Serdar Urcar who recently left the region to head HP’s Turkish operation. Kumar’s new role will involve man...
Tue, 07 Oct 2008 01:28 PM
The Icelandic government said Tuesday it had taken control of the country's second largest bank, Landsbanki, as the island's financial sector tottered on the verge of collapse.
Tue, 07 Oct 2008 07:13 AM
Australia's central bank slashed interest rates by one percentage point Tuesday amid fears of a global slowdown sparked by the US-based financial crisis.
Tue, 07 Oct 2008 05:58 AM
China's milk crisis will likely cost billions of dollars, disrupt millions of livelihoods, and it could be a year before consumer confidence in dairy companies is restored, experts say.
Tue, 07 Oct 2008 04:43 AM
Top womenswear labels are bracing for the psychological impact of the global financial turmoil on consumers but hope to limit damage by shifting buying strategies and raising their profile, industry insiders told AFP.
Mon, 06 Oct 2008 11:43 PM
Global stock markets reeled Monday, as panicked investors scurried for cover on fears that a much-vaunted US finance sector bailout will fail to end a crippling credit crisis.
Mon, 06 Oct 2008 10:28 PM
In the face of an escalating court battle over troubled bank Wachovia, suitors Wells Fargo and Citigroup agreed Monday to a two-day "standstill" on litigation actions.