U.S. Sept. Chicago Purchasing Managers

A measure of U.S. business activity slowed for the first time in seven months in September as new orders and inventories weakened.
The National […]

Governments rescue Fortis but bank woes spread

Three governments nationalized banking and insurance group Fortis in a bid to avert U.S.-style financial contagion, but the European sector’s troubles appeared to be […]

Asian hedge firms loathe, fear short rule spread

Asian hedge fund managers are waiting with dread to see if tough new short selling restrictions sweep across the region after Australia and Taiwan […]

Rescue cost: Hundreds of billions

Treasury Secretary Henry Paulson on Friday didn’t mince words when it came to the cost of his latest proposal to stem the credit crisis. […]

Gas prices sink 5 cents in 2 days

Gas prices fell for the second-straight day Friday, after rising for eight consecutive days following the refinery-battering Hurricanes Gustav and Ike, according to a […]

Dave Croft Motors files Chapter 11 bankruptcy

Dave Croft Motors filed for Chapter 11 bankruptcy protection Wednesday but plans to remain open as it attempts to reorganize.
In filings in U.S. […]

N.Z. Central Bank Takes Steps to Ease Liquidity

The Reserve Bank of New Zealand will now accept bank bills in its daily market operations to ease pressure on liquidity in the financial […]

Fed, ECB rates seen on hold this year despite turmoil

The U.S. Federal Reserve and the European Central Bank will not cut interest rates this year to calm wild markets but may be forced […]

Asia greases money markets, AIG deal fails to soothe

Japan, Australia and India pumped $33 billion into money markets on Wednesday as a U.S. government bailout of insurer AIG did little to ease […]

Asian Development Bank Asia GDP Forecasts to 2009 (Table)

Following is a table of forecasts for annual economic growth rates for Asia through 2009 from the Asian Development Bank in Manila.
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