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  • Singapore issues new rules to boost Islamic finance

    07/05/2009 05:00

    The Monetary Authority of Singapore issued new Islamic finance regulations to boost the industry, betting demand will grow as investors seek alternative assets. There’s still interest in bonds and other products that comply with Muslim...

  • SEC to spend 2010 US funds on technology, ‘forensic analysis’

    07/05/2009 05:00

    The US Securities and Exchange Commission (SEC) plans to spend new funding sought by the Obama administration for 2010 on technology for investigating fraud and forensic analysis, a White House budget report said. President Barack Obama’s...

  • ECB agrees on $80.5 billion bond plan

    ECB agrees on $80.5 billion bond plan

    07/05/2009 05:00

    European Central Bank President Jean-Claude Trichet said Europe’s economy has now seen ‘tentative signs of stabilization at very low levels’ European Central Bank President Jean-Claude Trichet said the ECB...

  • Pentagon chief rules out moving troops to Pakistan

    Pentagon chief rules out moving troops to Pakistan

    07/05/2009 05:00

    The visiting U.S. Defense Secretary Robert Gates on Thursday ruled out the possibility of operation by American forces inside Pakistan. U.S. Defense Secretary Robert Gates speaks during a press conference in Kabul, capital of Afghanistan, May 7,...

  • ECB announces combined new measures to fight downturns

    ECB announces combined new measures to fight downturns

    07/05/2009 05:00

    The European Central Bank (ECB) on Thursday renewed its efforts to fight against economic downturns, with combined measures including cutting its key interest rate to a new low and buying up bonds, surprising most market players. The ECB cut its...

  • Thousands flee from California wildfire

    Thousands flee from California wildfire

    07/05/2009 05:00

    A wildfire was still raging in Santa Barbara about 128 kilometers northwest of Los Angeles on Thursday, forcing thousands of people to flee for safety, authorities said. Firefighters spray water on the rubble of a house that burned during the...

  • China central bank pledges "ample" liquidity to sustain growth

    China central bank pledges "ample" liquidity to sustain growth

    06/05/2009 05:00

    China’s central bank said Wednesday the economy is doing “better than expected” in the first quarter, and pledged to maintain “ample” liquidity in the financial system for economic recovery. China would stick to its moderately easy monetary...

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