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  • Asian central banks mull ending stimulus as growth resumes

    07/02/2009 05:00

    Asian central banks are considering ending policies employed to counter the global financial crisis in preparation for a resumption of economic growth, said bank leaders at a regional meeting this week. Interest-rate cuts and government...

  • India set for budget deficit shock

    India set for budget deficit shock

    07/02/2009 05:00

    People browse through goods displayed in street vendor stalls in Mumbai. India’s inflation slowed to near a one-year low, giving the central bank more room to cut interest rates to stimulate economic growth....

  • Obama pushes stimulus package as Republicans skeptical of hard-won deal

    Obama pushes stimulus package as Republicans skeptical of hard-won deal

    07/02/2009 05:00

    U.S. President Barack Obama Saturday stepped up his pressure on Congress to act swiftly as some Republican leaders were skeptical of a hard-won deal of the stimulus bill reached late Friday. U.S. President Barack Obama (1st R) speaks before signing...

  • Australian PM asks nation to prepare for worst from bushfires

    Australian PM asks nation to prepare for worst from bushfires

    07/02/2009 05:00

    Australian Prime Minister Kevin Rudd told the nation Sunday night to prepare itself for worse news as the inferno ravaging Victoria became Australia’s most deadly on record. The remains of a properties destroyed by bushfires are seen in the town of...

  • Demands on Freddie Mac may exhaust aid, Treasury says

    06/02/2009 05:00

    Freddie Mac may exhaust its US$100 billion lifeline from the US Treasury as regulators lean on the government-controlled company to help pull the housing market out of its slump, its chairman John Koskinen said. The company, which has received...

  • Fresh snow adds chaos to British transport system

    Fresh snow adds chaos to British transport system

    06/02/2009 05:00

    Heavy snow early Friday morning is adding troubles to road, rail and air transportation in central and southern Britain where snow-caused chaos are continuing into its fifth day. A school displays a “closed” sign in Heather, central England...

  • Obama names leading economists to advisory panel

    Obama names leading economists to advisory panel

    06/02/2009 05:00

    U.S. President Barack Obama Friday named a team of leading economists to help him on the stricken economy as he continued to push the Congress to quickly approve his massive stimulus plan. U.S. President Barack Obama signs an executive order to...

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