InfoAnda - World leaders gather for crisis summit

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Dow hits four-month low on weak jobs report | 5 June 2010
Hariri named Lebanon PM | 28 June 2009
AP NewsAlert | 17 December 2008

Ecuador grants asylum to Assange, angering Britain | | 16 August 2012

">Forum Views () ">Forum Replies ()

Read more with google mobile : World leaders gather for crisis summit

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: World leaders gather for crisis summit AFP - 2 hours 54 minutes ago TOKYO (AFP) - - World leaders are heading to Washington on Friday to craft a joint strategy to tackle the worst financial crisis in decades and thwart a deep global recession. A slew of gloomy data raised the stakes for the leaders of the Group of 20 major rich and developing countries ahead of the key summit. "The G20 will need to deliver some good news or we'll see a sharp drop in stocks on Monday," warned NAB Capital strategist John Kyriakopoulos. Japanese Prime Minister Taro Aso will tell world leaders his country is ready to lend up to 100 billion dollars to the International Monetary Fund for financial lifelines to crisis-hit emerging countries, his government said. The gains in stocks came despite another raft of bleak economic news. France narrowly avoided following Germany into recession, but its economy barely grew in the third quarter, while a plunge in new car sales in Europe signalled tough times ahead for the region. French-Belgian bank Dexia posted a 1.54-billion-euro quarterly loss while the BBC reported that Royal Bank of Scotland would cut about 3,000 jobs worldwide. Asian markets snapped a three-day losing streak as investors scooped up beaten-down stocks, but analysts warned the outlook remained bleak as fears mounted of a long and deep global economic downturn. "The rally is just driven by bargain hunting after the sharp dips," said Kazuhiro Takahashi, general manager at Daiwa Securities SMBC in Tokyo. Japan's Nikkei index ended 2.72 percent higher, while Sydney finished with a gain of 1.4 percent and Shanghai rose 3.05 percent. The yen rose as currency dealers fretted over the US economy. The dollar slipped to 97.12 yen, down from 97.67 in New York late Thursday. The euro dropped to 1.2736 dollars from 1.2779. "There was no logical reason as to why shares rose, and worries remain over how the US will handle the financial crisis," said Yosuke Hosokawa, chief forex strategist at Chuo Mitsui Trust Bank. The rebound in stocks came despite data showing a steep drop in both imports and exports in the United States, highlighting the slowdown in the world's biggest economy. Germany on Thursday announced its economy, Europe's biggest, had fallen into recession in the third quarter. But France narrowly avoided slipping into recession in the third quarter of 2008 with growth of 0.14 percent compared to the second quarter, Economy and Finance Minister Christine Lagarde said. China, which recently announced a stimulus package worth 586 billion dollars, said its economy remained fundamentally strong and should maintain fast growth, playing down concerns over a slew of weaker data this week. "The origin of the financial crisis is outside the country and its impact on our financial system is limited. The fundamentals of our economy are still good," National Development and Reform Commission vice chairman Mu Hong said. The current financial crisis is rooted in the so-called subprime loans in the United States -- mortgages to buy houses and other forms of credit extended to underqualified consumers with less than solid credit histories. The G20 summit, which starts late Friday with a working dinner at the White House, is expected to set down a number of economic goalposts and a dateline to prevent the ongoing financial meltdown from turning into a lengthy recession. "The leaders attending this weekend's meeting agree on a clear purpose: To address the current crisis, and to lay the foundation for reforms that will help prevent a similar crisis in the future," US President George W. Bush said Thursday. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo G20 members that will be taking part in the financial summit in Washington. Most Popular – Top Stories Viewed Ancient 4,300-year-old pyramid discovered in Egypt Britney Spears's son hospitalized: statement Earth would be heading to a freeze without CO2 emissions China mulls crackdown on lip-synching Bin Laden is isolated, focused on his own security: CIA View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Friday, 14 November 2008
Renewed flare-up of violence around Gaza
American University takes root in northern Iraq
Thai crisis likely to resume after royal funeral | International |
Court refuses to free Lockerbie bomber due to cancer
Foreigners shot in Pakistan, U.S. missiles hit militants | International |
Suspected US missile strike kills 10 in Pakistan: officials
Eurozone sinks into recession for first time
EU, Russia seek to put ties back on track | International |
OPEC to hold special meeting in Cairo on November 29
Dexia posts 1.54 billion euro loss
India Kashmir votes in test for New Delhi rule | International |
World leaders gather for crisis summit
EU's Solana says new contacts with Iran possible | International |
Wildfire destroys 70 homes in California
Scottish court refuses to free Lockerbie bomber
HK enters recession for first time in 5 years
Adulterated milk kills six tribal children in India | International |
Nissan to further cut production in Japan
US mil: soldier dies of noncombat causes in Iraq
Videogame makers predict jingle bells at registers | Technology |
S&P cuts Pakistan ratings as debt crisis loomss
Lawmaker plans bill on Web neutrality | Technology |
China says it might work with IMF on global crisis
Japan ready to lend $100B to IMF bailout fund
UK couple in real-life divorce over virtual affair | Technology |
Sumitomo Mitsui first-half profit plunges 51 pct
OPEC to hold special meeting in Cairo on November 29
China shares extend gains on stimulus plan
Taiwan dollar off 2-wk low on US$ selling, exporters
Nissan cuts production further in Japan
S.Korea won turns down on econ fear, risk aversion
CSI fans unhappy about William Petersen exit: poll | Entertainment |
Wildfire devastates celebrity enclave near L.A. | Entertainment |
Resurgent U.S. dollar a challenge for concert biz | Entertainment |
Gaza violence flares again as UN food handouts stop
Rockets from Gaza strike deep into Israel
World asked to help craft online charter for religious harmony
Somali Islamists approach Mogadishu, impose sharia | International |
Air France pilot strike causes major disruption
Key Shiite clerics warn Iraqi gov't about US pact
Zimbabwe opposition shuns power-sharing government | International |
Google giving voice to iPhone Internet search
Opel asks for German public loan guarantees
Counting the dead gets more complicated in Iraq
West queries IAEA aid for Syria during atomic probe | International |
Tech sector facing most job cuts since 2003: report
Indian probe lands on moon, sends images
Crime threatens Chavez vote in Venezuela slums | International |
British troops out of Iraq by end of 2009: Iraqi official
'Second Life' ends first marriage for British man
Britain's Prince Charles turns 60
Explosive charge thrown at EU mission in Kosovo | International |
Speculation Obama will choose Clinton as top diplomat
Nokia sees cellphone, gear market falling in 2009 | Technology |
Top Iraq official upbeat over US, British pull-out pacts
US shares fall on weak sales data, Europe climbs despite recession
Facebook pulls Italian neo-Nazi pages after outcry | Technology |
Court refuses to free Lockerbie bomber due to cancer
Japan 'worried' foreign investors may withdraw capital, says official
Obama considers Clinton for secretary of state: reports
Crisis forces carmakers to confront problems in China
Pakistani rupee ends steady despite rating downgrade
WRAPUP 1-Foreigners shot in Pakistan, US missiles hit militants
Crude falling despite news of another OPEC meeting
Charlize Theron named U.N. peace messenger | Entertainment |
OPEC calls special meeting amid calls for output cut
Justin Timberlake's NY restaurant sued over wages | Entertainment |
Stars watch horrified as luxury Calif. homes burn | Entertainment |
Ex-Guns N'Roses drummer seeks rehab, and his old job | Entertainment |
Author recalls how Schindler's List was written | Entertainment |
Reality turns harsh for former Idol participant | Entertainment |
Lizzie McGuires Hilary Duff to get own TV show | Entertainment |
UK photo show documents death, revolution in Iran | Entertainment |
US military says 10 insurgents killed in Afghanistan
Iraqi envoy sees US remaining ally under Obama
In shift, Microsoft sells software online
U.N. troubleshooter starts talks on Congo crisis | International |
Endeavour speeds toward space station
Obama rumored to favor Clinton as top diplomat
Official history lifts a veil on US code-breaking agency
Sri Lanka army says seizes entire west coast | International |
Space shuttle Endeavour blasts off towards space station
China to spend $59 bln on airports by end-2010 | International |
Taiwan's fiscal deficit to widen on econ-boosting moves
G20 to agree to reform roadmap, stimulus efforts
More than 100 homes gutted in wealthy California enclave
S.Korea agrees to guarantee banks' foreign loans
US military deaths in Iraq war at 4,197
IMF head welcomes Japanese cash offer
Japan PM to urge removing toxic assets from balance sheets
Madonna appeals to fans to donate to Malawi school | Entertainment |
Crude continues decline despite signals from OPEC
Barry Manilow tackles '80s on fourth decade set | Entertainment |
David Letterman gives boost to country singer | Entertainment |
Convicted rapist seeks stardom in reggae world | Entertainment |
Stars watch horrified as luxury Calif. homes burn | Entertainment |
Reality turns harsh for former Idol participant | Entertainment |
California blaze 'like Armageddon' says actor Lowe
Rock band the Killers embrace pop on new album | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01