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Depositors calm after two-day run on HK’s Bank of East Asia
25/09/2008 05:00The run on Bank of East Asia (BEA) eased Thursday after reassurance from officials and a high-profile tycoon’s stock purchase helped soothe panicked depositors. Customers queue up at a BEA branch in Hong Kong, September 24, 2008. Hundreds of Hongkongers...
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No breakthrough at White House meeting on bailout plan
25/09/2008 05:00A top-level White House meeting aimed to reach consensus on a proposed 700-billion-U.S.-dollar financial bailout plan failed to make breakthrough Thursday. Traders gather at the Bank of America kiosk on the floor of the New York Stock Exchange in New York,...
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Magician Blaine survives his ‘Dive of Death’
24/09/2008 05:00Magician David Blaine hangs upside down as he performs a stunt in New York September 24, 2008. David Blaine’s “Dive of Death” wasn’t, after all — the magician and showman ended up alive on Wednesday night following his...
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MySpace finally rolls out music site with all labels
24/09/2008 05:00News Corp’s MySpace, the world’s largest social networking site, Wednesday unveiled a long-expected joint venture with all four major music companies in a bid to compete with Apple Inc’s market-leading iTunes store. MySpace Music is designed to win fans with...
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Democrats claim Wall St. bailout breakthrough
24/09/2008 05:00Democratic Rep. Barney Frank said Wednesday Democrats had reached an agreement to stem one of the worst U.S. financial disasters in decades. He also said there would be enough votes to pass the measure and send it to President George W. Bush to sign into law....
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Bush urges Congress to approve the bailout plan, warns of recession
24/09/2008 05:00U.S. President George W. Bush on Wednesday urged Congress to approve the 700-billion-dollarbailout plan, saying a failure could lead the United States into “a long and painful recession.” U.S. President George W. Bush poses for photographers after delivering...
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Armstrong set to join Team Astana
24/09/2008 05:00Seven-time Tour de France winner Lance Armstrong will join Team Astana for his return to competitive cycling, the Kazakh Cycling Federation said Wednesday. Cyclist Lance Armstrong answers a question at a news conference as young rider Tayler Phinney (R)...
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