Posts Tagged ‘Financial Crisis’

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US stocks narrowly mixed as oil prices rise

NEW YORK: Wall Street was little changed in early trading Monday as crude prices rose on concerns that Israel''s attack on Gazamight disrupt oil production and shipments from the Middle East. Oil rose near $40 a barrel Monday after the conflict between Israel and Gaza''s Hamas rulers raised tensions in the Middle East. Full story

Shaukat Tarin meets US Ambassador

ISLAMABAD: Shaukat Tarin, Adviser to Prime Minister on Finance and Economic Affairs held a meeting with United States Ambassador to Pakistan, Anne W. Patterson here on Monday. They exchanged views regarding the ongoing global financial crisis and its implications for the developed and the developing states. Full story

Cuts in HEC grants hottest issue in ‘08

Lahore, Dec: The cuts in grants of Higher Education Commission (HEC) and public sector universities by the government in the wake of global financial crisis remained the hottest academic debate in 2008. The shortage of funds compelled vice chancellors (VCs) of various universities to publicly demand the government ... Full story

CES 2009 Preview

CES 2009 Preview
International Consumer Electronics Show in Las Vegas With more than four decades of success, the International CES reaches across global markets, connects the industry and enables CE innovations to grow and thrive. The International CES is produced by the Consumer Electronics Association (CEA), the preeminent trade association promoting growth in the consumer technology industry. CEA represents ... Full story
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Global recession hits petroleum products’ consumption

DOHA: Global financial crisis and the economic slow down have hit the petroleum products’ consumption across the world, which came reeling down by 40 percent. Full story

Obama stimulus could reach $1 trillion: report

NEW YORK: US President-elect Barack Obama's team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on Saturday. Full story

Asian giants agree economic plan

The leaders of three of Asia's biggest economies have vowed to work more closely together to reduce the damage caused by the global financial crisis. Japan and China's prime ministers and the South Korean president - meeting in Japan - agreed to boost trade and greatly increase currency swaps. Full story

Worlds 50 richest Arabs lose $25bn

DUBAI: The world’s 50 richest Arabs have lost a staggering $25 billion between them in the last year, as the global financial crisis sweeps through the region. Full story

UK interest rates lowest since 1951

Interest rates were slashed by another percentage point on Thursday, bringing the official cost of borrowing down to 2 per cent, equal to the lowest rate since the Bank of England was founded in 1694. Full story

Credit Suisse to cut 11% of staff

Credit Suisse on Thursday said it had lost a net SFr3bn ($2.5bn) in the two months to the end of November and would axe about 11 per cent of its workforce, principally in investment banking. Full story
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