New York, Oct 16 (DPA) US stocks continued dropping through Wednesday, hit by the largest drop of retail sales in three years, growing worry over a US recession and a record federal budget deficit.
The three major US indices shed more than 5 percent each by 1845 GMT, with the negative momentum dragging down Europe’s markets, where Europe’s blue-chip Stoxx50 closed 5 percent down.
BEIJING: President Asif Ali Zardari was a given very warm welcome when he arrived in Beijing on Tuesday, on his maiden state visit to China to hold talks with the Chinese leadership, giving renewed impetus to the already existing, strong and time-tested bilateral bonds between the two countries.
London, Oct 13 (IANS) The British government Monday poured a massive 37 billion pounds ($65 billion) into three of the country’s biggest banks and wrested guarantees of a freeze on executive bonuses.
Melbourne, Oct 13 (IANS) Former Pakistan captain Imran Khan insists cricketers can never be terror-targets in cricket-mad Pakistan.
Paris, Oct 12 (DPA) The European response to the global financial crisis must go beyond the proposals made Friday by the G7 finance ministers, European Commission President Jose Manuel Barroso said Sunday in Paris.
Abu Dhabi, Oct 12 (IANS) The United Arab Emirates (UAE) Sunday announced a series of steps to secure the country from the global financial crisis.
Hyderabad, Oct 12 (IANS) The communal riots in Andhra Pradesh’s Adilabad district took a turn for the worse Sunday as six members of a family, including a two-year-old child, were burnt alive in their house, prompting the state government to announce a Central Bureau of Investigation (CBI) probe into the incident.
London, Oct 12 (IANS) A Taliban commander killed by British commandoes in Afghanistan last year was a Pakistani military officer, a British newspaper reported Sunday quoting highly placed Afghan officials.
Islamabad, Oct 12 (DPA) At least three people were killed Saturday in a missile strike by suspected US drones in Pakistan’s restive tribal region along the border with Afghanistan, officials said.
Islamabad, Oct 11 (IANS) Some Pakistanis have started cleaning out their bank lockers and dollar accounts, fearing a freeze due to the economic crisis gripping the country. The run continues despite the assertion of President Asif Ali Zardari that “Pakistan is not a limited company which may go bankrupt”.