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G7 pledges urgent, decisive action as markets reel

WASHINGTON/NEW YORK (Reuters) - Finance chiefs of the world's major economies pledged on Friday to take decisive action and work together to stem the escalating financial crisis after another day of gut-wrenching drops on world...

News focus: Hasan Tiro`s home coming expected to support peace in Aceh

After about 30 years of living in exile, Tgk Muhammad Hasan Tiro, 83, former Free Aceh Movement (GAM) leader, who has become a Swedish citizen, now has an opportunity to return home in Nanggroe Aceh Darussalam (NAD) province.

Bush calls for calm amid global stock market panic (Reuters)

Reuters - Warning that "anxiety can feed anxiety," U.S. President George W. Bush implored Americans to remain confident on Friday and promised to restore stability in the face of a global stock market panic.

Wall Street rebounds, pares massive losses

Investors hoping for a resolution to ongoing global financial crisis NEW YORK - Wall Street rebounded from an huge plunge in an extremely volatile trading session Friday, as investors hoped for a resolution to the global credit...

Opec may slash production at November meeting

London/Dubai:Opec is "very likely" to cut oil production at its extraordinary meeting in Vienna on November 18 because prices have fallen ""dramatically," Chakib Khelil, the group's president, said. The Organisation of...

SET halts trading

The Stock Exchange of Thailand has suspended trading for 30 minutes after the SET composite index plunged to more than 10 per cent five minutes after the afternoon trading session when the index plunged to 449.91. At 449.91, it...

Capstone Announces Three Unit C1000 Order From Aquatec-Maxcon

Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it received a follow on order for three C1000 systems...

India cannot afford to delay bank reforms

The Indian government can ill afford to set aside reforms. The banking system is not up to the task of providing financial support to the development of India. Some of the most productive areas of the economy are starved of...

Bush calls for calm amid global stock market panic

Washington / New York , October 10, 2008 Warning that "anxiety can feed anxiety," US President George W. Bush implored Americans to remain confident on Friday and promised to restore stability in the face of a global stock...

Sensex, rupee, industrial growth down

Mumbai: The benchmark index of the Bombay Stock Exchange, the Sensex, and the rupee fell sharply Friday, following the lead of US markets that closed sharply down Thursday and Asian and European markets that continued to be...

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