International

EU waters down financial supervision, bowing to Britain
19/06/2009 05:00
Britain’s embattled prime minister looked surprisingly chipper at the EU summit. UK Prime Minister Gordon Brown (L) talks with his Finnish counterpart Matti Vanhanen as German Chancellor Angela Merkel (C) passes by during the second day of the EU...
U.S. billionaire Allen Stanford indicted for fraud
19/06/2009 05:00
U.S. billionaire Allen Stanford, chairman of the Stanford Financial Group, has been indicted for alleged massive investment fraud and expected to appear in a federal court in Virginia later Friday. Texan billionaire Allen Stanford is shown during an...
Geithner says Federal Reserve best positioned for super regulator role
18/06/2009 05:00
U.S. Treasury Secretary Timothy Geithner said on Thursday that the Federal Reserve is best suited to become a super regulator to oversee large institutions whose failure could threaten the stability of the entire system. Treasury Secretary...
Trans-Atlantic Airliner lands safely after pilot dies in flight
18/06/2009 05:00
Despite bad weather a relief pilot on Thursday landed the Continental Airlines aircraft without incident after its captain died while crossing the Atlantic Ocean from Brussels, Belgium, to Newark, New Jersey, carrying 247 passengers, officials said....
World Bank raises Chinaâs 2009 growth forecast to 7.2 pct
18/06/2009 05:00
The World Bank raised its growth forecast for China this year and advised policy makers to delay until 2010 any additional stimulus plan to boost the worldâs third-largest economy. Chinaâs economy will expand 7.2 percent in 2009 from a year...
Kreeeah bundolo!
18/06/2009 05:00
Figurines presented at the “Tarzan” exhibition at the Quai Branly museum in Paris, held until September 27, 2009 Jungle savior, noble savage, or green superhero? Tarzan’s many mythical faces come under the...
AIG picks Deutsche, Morgan Stanley for AIA Asia IPO
18/06/2009 05:00
The AIA building, where AIG founder C.V. Starr first O BE G established the company in 1919, stands in the historic Bund district, of Shanghai, China AIG, the insurer selling assets to repay a US government...