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Wed, 08 Oct 2008 03:13 AM
Japan's benchmark Nikkei-225 index dropped more than four percent to 9698.72 in early Wednesday morning trade after another big fall on Wall Street overnight.
Sun, 05 Oct 2008 06:35 AM
Vietnam's economy, which started overheating months ago, has begun to stabilise, but experts warn the government must stay the course as the global financial system is plunged into crisis.
Sun, 05 Oct 2008 06:35 AM
Australia's central bank is expected to cut interest rates by up to 50 basis points due to the global financial crisis when its board meets Tuesday, economists said.
Sat, 04 Oct 2008 09:50 PM
Europe's leading telecommunications company, Deutsche Telekom, admitted Saturday that it has lost confidential data belonging to 17 million T-mobile clients.
Sat, 04 Oct 2008 09:50 PM
The leaders of Europe's four main economic powers vowed Saturday to protect fragile banks from the global financial crisis but insisted on sanctions against the chiefs of failed banks.
Sat, 04 Oct 2008 08:35 PM
European leaders have agreed to ask for the early release of 32 billion euros in European funds to help small businesses weather the global finance crisis, British Prime Minister Gordon Brown said Saturday.
Sat, 04 Oct 2008 01:21 PM
Dubai's steel industry has suffered a loss of at least US $200 million (AED735 million) when steel prices plummeted by around 40%, and is expected to drop even further in the coming weeks, according to industry experts. "At a conservative estimate, Dubai imported a million tonnes of steel over the last two months," Pa...
Sat, 04 Oct 2008 09:20 AM
Germany's Allianz Group and other major insurers are considering buying American International Group's three life insurance units in Japan, news reports said Saturday.
Fri, 03 Oct 2008 11:20 PM
US stock markets fell sharply Friday after the Congress passed a huge financial rescue plan, as optimism built up earlier in the day evaporated in late trading.
Fri, 03 Oct 2008 11:20 PM
The global financial crisis is hitting Brazil's internal credit market and will slow growth in Latin America's biggest economy next year, Brazilian Finance Minister Guido Mantega said Friday.