ARAB AFFAIRS - Dec 30 - GCC Denounces Massacre.
Leaders of the six-member Gulf Cooperation Council (GCC) begin their two-day summit conference here denouncing Israel's brutal military aggression against Palestinians in Gaza and calling for a united stand on the blitz that has killed at least 327 people since Dec 20. "The summit comes at a time when...

Central banks launch global offensive against credit crisis.
NEW YORK, Sept. 18 (AFP) - The US Federal Reserve on Thursday threw $180 billion into a global fight against the financial crisis as Wall Street legend Morgan Stanley became the latest name under attack and Britain's top mortgage lender was forced into a merger. Central banks...

World's central banks cut rates to battle financial crisis.
FRANKFURT (AFP) - Major central banks launched an exceptional joint effort to battle the global financial crisis on Wednesday, simultaneously slashing interest rates on three continents to bolster battered markets.The European Central Bank, Bank of England, US Federal Reserve and peers in Canada, Sweden and Switzerland made deep and...

Basel Committee proposes bank rule changes.
ZURICH, Jan. 18 (Reuters) - The Basel Committee, a forum that coordinates banking supervision among central banks, proposed measures on Friday which it said will address failures revealed by the financial crisis. The Basel Committee, headed by the Dutch central bank's governor Nout Wellink, will improve the...

IMF urges governments to tackle bad debts of banks.
WASHINGTON, Feb. 6 (Reuters) - The International Monetary Fund on Thursday warned of a more severe economic downturn unless governments move aggressively to fix the financial system by removing troubled assets from banks' books. In a report prepared for a meeting of Group of 20 developed and...

Bernanke's money maneuvers: Federal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen our economic recession/depression.
[ILLUSTRATION OMITTED] For a man who once worked at South of the Border, the kitschy South Carolina tourist trap on I-95, Federal Reserve Chairman Ben Bernanke has come a very long way. From his hometown in Dillon, South Carolina, where young Bernanke turned heads with his academic...

Webcast Alert: Bladex Announces Fourth Quarter 2008 Conference Call.
PANAMA CITY, Feb. 13 /PRNewswire-FirstCall/ -- Banco Latinoamericano de Exportaciones, S.A. (Bladex) announces the following Webcast: What: Bladex Fourth Quarter 2008 Conference Call When: Friday, February 13, 2009 11:00 a.m. Eastern Where: http://www.videonewswire.com/event.asp?id=56045 How: Live over the Internet -- Simply log on to the web at the...

Money for nothing, and blue chips for free.
The Federal Reserve on December 16 announced a record-setting cut in interest rates, targeting the federal funds rate at zero to a quarter of a percent. There were hosannas and flourishes on Wall Street, with the Dow surging more than three hundred points. The Fed's latest action...

Global economy nears standstill - IMF.
President Arroyo is bound for Davos, Switzerland tonight to join other world leaders and businessmen at the World Economic Forum (WEF) that will discuss solutions on the global economic crisis. WASHINGTON, DC (Reuters) -- The global economy is slowing to a virtual standstill and it is critical...

No comfort in Davos.
THE meeting in Davos, Switzerland, this week will be a stark contrast to the glitz and exuberance of 2008 when the major economies of the world were riding high, and VIP participants to this elite winter resort strutted around with the unmistakable aura of arrogance. Today, Davos,...