The head of the Lebanese Shia movement, Hezbollah, and a rival Sunni political leader have held a rare meeting aimed at resolving their differences. Talks between the pro-western 14 March movement…
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U.S. stocks headed for yet another sharply lower open Monday as stock markets tumbled further around the world on worries about the health of the global economy. Save Money Stock markets in Europe took their cue from Asia on Monday morning, moving lower in early trading. Asian stocks tumbled again, with the Nikkei index in Japan closing at its lowest in 26 years as the financial crisis drove up the yen, piling the pressure on the country’s exporters. Hong Kong’s Hang Seng Index tumbled more than 12 percent to its lowest close in more than four years and biggest daily decline since 1991. There’s growing speculation that…
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NEW YORK (AP) - U.S. stocks headed for yet another sharply lower open Monday as stock markets tumbled further around the world on worries about the health of the global economy. Dow Jones industrial average futures fell 227, or 2.75 percent, to 8,034. Standard & Poor’s 500 index futures fell 30.90, or 3.57 percent, to 835.10, while Nasdaq 100 index futures fell 40.50, or 3.4 percent, to 1,151.00. On Friday, stocks ended lower, but not at their worst levels. The Dow fell 3.59 percent, the Standard & Poor’s 500 index fell 3.45 percent, while Nasdaq declined 3.23 percent. A surge in the yen illustrated investors’ nervousness about how much…
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The Associated Press QUETTA, Pakistan - Pakistani police say a car bomb has exploded in the western city of Quetta, killing two people. Senior police official Rehmatullah Niazi says the bomb exploded on Monday in a parking lot near government offices and the Iranian consulate. He says a rickshaw driver and another person died and ten others were injured. There was no immediate claim of responsibility. Quetta is the capital of a region that has seen a low-level insurgency for greater autonomy. It is also a hub for Taliban militants fighting in neighboring Afghanistan. Jobs Cars Real Estate Rentals SEARCH JOBS | | | Spotlight Deal…
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Bank of Korea slashes interest rate Korea’s central bank cuts rate by three-quarters of a percentage point - its largest cut ever. | | | RSS Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) October 27, 2008: 6:18 AM ET AMERICA’S MONEY CRISIS SEOUL, South Korea (AP) — South Korea’s central bank slashed its key interest rate Monday by three-quarters of a percentage point — its biggest cut ever — to prevent Asia’s fourth-largest economy from lurching into recession. The country’s president also said the government would cut taxes and boost public spending. The stock market rose for the first time in a week after a volatile session. The Korea…
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LONDON, England (CNN) — Prince Harry is aiming to follow in his brother’s footsteps by becoming a helicopter pilot, royal officials say. Officials said Harry had begun the selection process and would find out next month whether he had been accepted for training. Harry’s elder brother, William, was awarded his Royal Air Force wings in April after training since January. William’s training attracted controversy when he landed Chinook helicopter in a field on the property owned by his girlfriend Kate Middleton’s family. Defense officials said the flight had been authorized. In September, it was announced William is to train to become a full-time search and rescue pilot with the RAF….
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HARARE, Zimbabwe (AP) — Zimbabwe’s opposition leader and president, struggling for control of key Cabinet posts, joined southern African leaders Monday for a mini-summit called to settle the country’s power-sharing deal. The deal signed September 15 has stalled over how to share government ministries among President Robert Mugabe’s party, Morgan Tsvangirai’s Movement for Democratic Change and a smaller opposition group. Tsvangirai accuses Mugabe, who has led Zimbabwe since independence from Britain in 1980, of trying to hold on to too many of the most powerful posts. Tsvangirai did not attend a first round of talks in Swaziland last week after authorities in Harare failed to issue him a new…
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* Government to inject 3.5 bln euros ($4.4 bln) into KBC * Core tier 1 ratio boosted to above 8 percent * No dividend for 2008 (Adds details from news conference, analyst’s comment) By Philip Blenkinsop BRUSSELS, Oct 27 (Reuters) - Belgian banking and insurance group KBC received 3.5 billion euros ($4.4 billion) from the government to boost its capital on Monday in the fourth financial sector injection by Belgium in as many weeks. The transaction, via securities issued to the government, will boost KBC’s core tier 1 ratio for banking to above 8 percent from close to 7 percent, and its insurance solvency margin to 280 percent, KBC and the…
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BEIRUT, Lebanon — U.S. forces ferried by helicopter crossed 5 miles into Syria yesterday and launched a commando raid near the Iraqi border that left at least eight people dead, Syrian news outlets and sources reported. Syria has long been a conduit for…
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A missile believed to have been fired from a US drone aircraft has killed up to 20 people in Pakistan’s South Waziristan border region, Pakistani officials said today. The strike targeted a house belonging to an aide to a local Taliban leader in what is thought to be a stronghold of Taliban and al-Qaida forces. Up to 20 bodies were found at the scene, intelligence officials, quoting local sources, said. The AFP news agency quoted other officials in the region as saying that…
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