Friday, October 10, 2008

Steven Wevodau - G-7 finance ministers to meet to discuss financial crisis - Deutsche Welle

G-7 finance ministers to meet to discuss financial crisis - Deutsche Welle
Finance ministers and central bankers from the Group of Seven major industrialised nations are set to meet in Washington in a few hours' time to discuss how to respond to the sell off on global stock markets. Ahead of the talks, the head of the

UPDATE 1-Hungary govt, cbank say ready to intervene - Forbes
BUDAPEST, Oct 10 (Reuters) - Hungary's economic standing does not justify falls in the forint but the central bank and the finance ministry are ready to intervene if necessary to stabilise markets, the two bodies said on Friday. Hungary's forint hit

EXTRA:Church says prayers in demand to calm finance fears - Earthtimes
London - The Church of England has found that an increasing number of people turn to its prayer website for support in the current global financial crisis, the church said Friday. A Church of England website focusing on advice to those concerned

Finance unit hurts GE's profit - Windsor Star
General Electric Co. profit declined for a third straight quarter, eroded by lower earnings at its finance arm during the deepest U.S. financial crisis since the Great Depression. Profit from continuing operations fell 12% to US$4.48-billion, or 45

GE profit falls 22 pct, hurt by capital finance - Forbes
General Electric Co. , which makes everything from jet engines to water treatment systems and owns NBC Universal, says its third quarter profit fell 22 percent, hurt by its financing business. GE, a bellwether for the U.S. economy, says net income

Finance companies appeal cease-desist order - Baltimore Sun
Premium finance companies plan to appeal a cease-and-desist order from Maryland Insurance Commissioner Ralph S. Tyler, who found that they charge unlawfully high interest. Robert Rubenstein, president of U.S. Capital Associates LLC, one of the larger

NATO seeks agreement on Afghan drugs role - Washington Post
BUDAPEST, Hungary -- A spokesman says NATO defense ministers have agreed that their troops can target drug facilities that finance the Afghan insurgency. James Appathurai told reporters Friday that NATO troops in Afghanistan would act with Afghan

Dutch deny report of Fortis Dutch operations sale - Reuters UK
AMSTERDAM (Reuters) - The Dutch Finance Ministry has denied a report that Deutsche Bank (DBKGn.DE: Quote , Profile , Research ) may buy Fortis Bank Nederland instead of ABN AMRO's Dutch operations, a deal put on hold by the nationalization of Fortis

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