Business »
News By Industry » Banking & Finance News
Banking & Finance News
Sun, 12 Oct 2008 01:44 PM
Saudi Arabia should deploy emergency measures, such as buying into falling stocks or allowing share buybacks, to spare ordinary citizens losses from weeks of bourse declines, a royal adviser said on Sunday. The Arab world's worst performing stock market closed on Saturday at its lowest level in more than four years ami...
Fri, 10 Oct 2008 06:58 PM
The head of the International Monetary Fund, Dominique Strauss-Kahn, urgently called Friday for "cooperative" actions to boost confidence and ease a global financial crisis.
Fri, 10 Oct 2008 05:43 PM
Once one of the most promising emerging markets, Brazil is now trembling from the effects of the global financial crisis after seeing nearly a third of the value of its currency wiped out in just two months.
Fri, 10 Oct 2008 05:43 PM
Britain sent a team of senior financial officials to Reykjavic Friday to press Iceland to unblock billions of pounds of British savers' money frozen in Icelandic bank accounts.
Fri, 10 Oct 2008 05:43 PM
The US trade deficit fell 3.5 percent in August to 59.1 billion dollars amid a drop in imports and weaker oil prices, government data showed Friday.
Fri, 10 Oct 2008 04:28 PM
British bank Abbey, a subsidiary of Spain's Santander group, said Friday it had injected one billion pounds (1.25 billion euros, 1.7 billion dollars) into the London interbank market to help liquidity.
Fri, 10 Oct 2008 04:28 PM
The World Trade Organisation chief on Friday invited heads of development and commercial banks to a meeting in Geneva next month to discuss the impact of the economic crisis on trade finance.
Fri, 10 Oct 2008 04:28 PM
US President George W. Bush on Friday blamed "uncertainty and fear" for aggravating the global financial meltdown and insisted US authorities have the tools they need to confront the crisis.
Fri, 10 Oct 2008 03:13 PM
The US trade deficit fell 3.5 percent in August to 59.1 billion dollars amid a drop in imports and weaker oil prices, government data showed Friday.
Fri, 10 Oct 2008 12:59 PM
VMware will be using this year’s GITEX exhibition to gauge the uptake of virtualization among companies in the Middle East. According to IDC, around 35% of servers purchased in Europe during 2007 were virtualized, with 52% of servers bought in 2008 also expected to be virtualized.<br /><a target=_blank href=http://www....