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  • EU’s commissioner seeks more ‘prudent’ banks

    14/03/2009 05:00

    European Union (EU) competition commissioner Neelie Kroes said banks that receive government aid should have simpler structures and less-leveraged balance sheets to win EU approval for their restructuring plans. The 27-nation EU needs lenders...

  • G-20 looks to tackle toxic assets, defuse tension

    G-20 looks to tackle toxic assets, defuse tension

    14/03/2009 05:00

    Muffins with the flags of G20 countries displayed in the media center before the G20 Finance Ministers meeting Saturday at a hotel near Horsham in southern England Group of 20 finance ministers zeroed in on...

  • Bolivia passes land from rich to poor

    14/03/2009 05:00

    Emboldened by a new leftist constitution, Bolivia President Evo Morales on Saturday handed over ownership of farmland seized by the state from wealthy estate holders to poor indigenous people. Morales handed out around 94,000 acres of lands...

  • Bailed-out AIG plans bonuses worth millions: report

    Bailed-out AIG plans bonuses worth millions: report

    14/03/2009 05:00

    Ailing insurer AIG - which received 180 billion dollars in federal aid - is to give out millions of dollars in bonuses this week, according to a report Saturday. American International...

  • G20 backs rescue funds boost as summit looms

    G20 backs rescue funds boost as summit looms

    14/03/2009 05:00

    Finance ministers, central bank governors and heads of institutions pose for a family photograph during a break in the G20 Finance Ministers meeting at a hotel, near Horsham, in southern England March 14, 2009....

  • G20 meeting closes in Britain, promises more action to fix economy

    G20 meeting closes in Britain, promises more action to fix economy

    14/03/2009 05:00

    The G20 Finance Ministers and Central Bank Governors Meeting was formally closed here Saturday afternoon after issuing a communiqué calling for further action to restore global economy. Finance ministers and central bank governers pose for group...

  • AIG to pay millions in bonuses despite gov’t pressure

    AIG to pay millions in bonuses despite gov’t pressure

    14/03/2009 05:00

    Insurance giant American International Group, which has received 173 billion U.S. dollars in federal bailout cash, will still give its senior employees tens of million of dollars in bonuses, The Washington Post report. A man stands in front of an...

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