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Sun, 07 Sep 2008 11:36 PM
In rescuing Fannie Mae and Freddie Mac, the US government is taking an unprecedented step into the financial sector in a bid to steady an ailing housing market and ease a global credit crunch, analysts said.
Fri, 05 Sep 2008 05:51 PM
A Japanese-led consortium has won the bid for Singapore's largest power generation company being sold by state-linked investment firm Temasek Holdings, Temasek said Friday.
Fri, 05 Sep 2008 05:51 PM
Shares in Nokia, the world's biggest maker of mobile handsets, shed nearly 10 percent of their value on Friday after the Finnish group cut its forecast for its market share in the third quarter.
Fri, 05 Sep 2008 03:21 PM
German industrial output in July slumped 1.8 percent from June, more than three times the downturn analysts had expected, underscoring the chance that Europe's biggest economy could be in recession, official figures showed Friday.
Fri, 05 Sep 2008 03:21 PM
Nokia, the world's leading mobile phone maker, on Friday cut its third quarter market share guidance, sending its share price tumbling.
Fri, 05 Sep 2008 03:21 PM
The US unemployment rate jumped to a five-year high of 6.1 percent as 84,000 jobs were slashed, according to a government report Friday suggesting fragile economic conditions.
Fri, 05 Sep 2008 02:06 PM
US employers slashed 84,000 jobs in August and the jobless rate jumped to a five-year high of 6.1 percent, according to a government report Friday suggesting fragile economic conditions.
Fri, 05 Sep 2008 01:08 PM
Government-owned Nakheel Properties, developer of Dubai's palm-shaped islands, has announced it is launching a $1.2 billion syndicated loan. The facility, which matures in January 2011, includes a conventional and an Islamic tranche and may be funded in either dollars or dirhams, Nakheel said in a statement to the Duba...
Fri, 05 Sep 2008 12:51 PM
World stock markets tumbled Friday on a weak outlook for the global economy following further disappointing US and European data, dealers said.
Fri, 05 Sep 2008 12:51 PM
The dollar struck a near 11-month high versus the euro Friday on news of slumping industrial output in Germany, Europe's biggest economy, and as the market awaited key US jobs data, traders said.