05:30AM | by Anthony Hughes
A Federal Reserve official has warned that financial market "dislocations" could get worse before they get better as further falls in home prices and the credit crunch create more problems in the US economy.
12:00AM | by Angus Grigg JAKARTA
East Timorese students continued protesting in the capital Dili yesterday, angry over a government plan to buy a fleet of cars for use by politicians.
12:00AM | by NZPA
New Zealand Finance Minister Michael Cullen said there was nothing surprising in a Treasury report that said the economy might already be in a recession.
09:07AM | by Robert D McFadden
Sir John M
12:00AM | by Reuters
China's annual consumer price inflation eased to 7.1 per cent in June from 7.7 per cent in May, two government sources said yesterday.
12:00AM | by The New York Times
As home prices decline and Washington struggles to end the economic malaise, Wall Street is starting to send a sobering message: the worst is yet to come.
12:00AM | by Tony Walker WASHINGTON with agencies
John McCain's pledge to balance the federal budget by the end of his first term as president in 2013 has exposed a sharp difference with his rival, Barack Obama.
12:00AM | by The New York Times
The Russian partners in the TNK-BP joint venture tried to fire the chief executive at a board meeting on Monday, but were outvoted by directors nominated by the British side.
12:00AM | by Anthony Hughes NEW YORK
Economists are warning that a much more painful and pronounced rise in unemployment is looming for the American economy, testing the notion that the US can avoid recession and even prompting speculation the central bank's rate-cutting cycle may not be over.
03:15AM
Federal Reserve chairman Ben Bernanke said on Tuesday the US central bank might keep open a lifeline to financial firms, while the latest data showed distress in the housing and retail sectors continues.
03:37AM
Edited text of a copy of a speech given by Federal Reserve chairman Ben Bernanke at the Federal Deposit Insurance Corporation's Forum on Mortgage Lending for Low and Moderate Income Households, Arlington, Virginia on July 8, 2008.
12:00AM | by Bloomberg, with New York Times
Barack Obama, the presumptive Democratic presidential nominee, says it would be a "shame" if a foreign company bought brewer Anheuser-Busch.
12:00AM | by Bloomberg; The New York Times
China blackouts warning
12:00AM | by Bloomberg
The US Federal Reserve might extend securities dealers' access to direct loans from the central bank into 2009 as long as emergency conditions continue, chairman Ben Bernanke said.
12:00AM | by Bloomberg
A United States Securities and Exchange Commission investigation into credit-rating companies has found the firms improperly managed conflicts of interest and violated internal procedures in granting top rankings to mortgage bonds.
12:00AM | by Reuters; Bloomberg;
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