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  • Hungary’s PM resigns post as Socialist Party chairman

    Hungary’s PM resigns post as Socialist Party chairman

    28/03/2009 05:00

    Hungary’s Prime Minister Ferenc Gyurcsany tendered his resignation as chairman of the minority governing Socialist Party (MSZP) on Saturday. File photo taken on 9 March, 2008 shows Hungary’s Prime Minister Ferenc Gyurcsany speaking during a news...

  • Indonesia, Malaysia, Thailand back China call for global currency

    27/03/2009 05:00

    China’s call for a global reserve currency to take the place of the dollar has won the support of central bank chiefs in Indonesia, Malaysia and Thailand, who argue it would help curb volatility and foster trade. “We need a currency that is...

  • Soros Fund fined $2.2 million by Hungarian regulator

    27/03/2009 05:00

    Billionaire investor George Soros’s Soros Fund Management LLC was fined US$2.2 million for attempting to manipulate the share price of OTP Bank Nyrt., Hungary’s largest bank, the country’s financial regulator said. The fund attempted on...

  • Deflation stalks Japan, resentment rises before G20

    Deflation stalks Japan, resentment rises before G20

    27/03/2009 05:00

    Customers shop for produce at the Ueno shopping district in Tokyo. Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next...

  • 27 dead in Philippine rebel clash: military

    27 dead in Philippine rebel clash: military

    27/03/2009 05:00

    File photo shows armed government militia and policemen in Jolo island in the southern Philippines. Twenty Muslim separatists and seven soldiers have been killed in fighting in the southern Philippines as the...

  • Bank CEOs voice support for Obama’s economic plans

    Bank CEOs voice support for Obama’s economic plans

    27/03/2009 05:00

    Chairman & Chief Executive of the Goldman Sachs Group Lloyd C. Blankfein, American Express Chief Executive Kenneth Chenault, Bank of America Corp. Chief Executive Kenneth Lewis and American Banker’s Association President and...

  • Indonesia’s dam burst kills 77

    Indonesia’s dam burst kills 77

    27/03/2009 05:00

    Seventy-seven people have been killed and 102 others gone missing after a dam collapsed on Fridayin an outskirt city of Jakarta, Head of crisis center of Health Ministry Rustam Pakaya told Xinhua on Saturday. Over 50 others have been wounded,...

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