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Asia's richest economies shield savers from financial crisis Hong Kong (AFP) Oct 15, 2008
Asia's richest countries have responded to the global financial crisis by guaranteeing savers' deposits, but many in the region still have little or no protection in the event of a banking collapse. In an indication of just how nervous some Asian savers are, recent rumours about the health of two banks in Hong Kong and India sent hundreds of depositors scrambling to withdraw their life saving ... read moreSharp Launches Solar Academy In US
San Diego CA (SPX) Oct 15, 2008Sharp has announced the U.S. launch of Sharp Solar Academy, a unique environmental education program designed to empower today's youth with the knowledge to change and improve their environmental future. The Solar Academy is one way in which Sharp is continuing to fulfill its corporate commient to be an environmentally advanced company and minimize its environmental impact. "As a ... more
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Walker's World: What comes next?
Chicago (UPI) Oct 15, 2008 To understand where we are in the financial crisis, think of it this way: The ship has stopped sinking and its big leak is sealed, but the vessel is still a long way from port, the storm continues to rage, and up on the bridge the officers are squabbling about who is the captain. Much can still go wrong. A global slowdown has certainly begun, and the odds are that it may become a global ... more US offers banks capital infusion
Washington (AFP) Oct 14, 2008US authorities unveiled plans Tuesday to inject billions of dollars into banks to ease a global credit crisis, but the move appeared to provide little relief for ailing stock markets. Nine large banks, including Citigroup, JPMorgan Chase and Goldman Sachs, agreed to give the government stakes in exchange for new capital, as the US partly nationalises banks for the first time since the Great ... more Recession stalks US, EU, but China offers hope: economists
London (AFP) Oct 15, 2008The United States and Europe are heading for a "nasty recession" despite efforts to shore up the banking system, but Chinese growth could limit the damage to the world economy, economists said Wednesday. In a dark analysis of the financial crisis, British think tank Chatham House said leaders of developed countries must go beyond recent banking bail outs and come up with some "extraordinary ... more |
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G8 leaders commit to crisis plan
Washington (UPI) Oct 15, 2008 Group of Eight leaders issued a statement Wednesday saying they will work together to implement the G7 Plan of Action to support the global economy. The leaders of Canada, France, Germany, Italy, Japan, Russia, Britain, the United States and the European Commission said they are united in their "commitment to fulfill our shared responsibility to resolve the current crisis, strengthen ... more China sovereign fund says it withdrew from failed US fund
Shanghai (AFP) Oct 15, 2008The China Investment Corp. sovereign wealth fund said Wednesday it does not expect losses from its investment in a failed US money market fund. The CIC rejected reports that it may have more than five billion dollars frozen in the Reserve Primary Fund, saying it asked to withdraw its investment before the fund was suspended last month, according to a statement. "The fund (Reserve Primary ... more Yes! Solar Introduces New Solar Residential Installation System
Roseville CA (SPX) Oct 15, 2008Yes! Solar has announced that it has introduced a new solar module racking system that will be the backbone of its Yes! Mosaic residential photovoltaic (PV) solar home energy systems - each Yes! Mosaic system is sized to the precise electrical energy requirements of the homeowner. The proprietary new racking system, ClickRack, utilizes a revolutionary new low-profile mounting system that ... more Polluting factories in central China sicken farmers: state press
Beijing (AFP) Oct 15, 2008Illegal factories pumping arsenic and other chemicals into rivers have left farmers in a heavily populated area of central China with skin problems and failing crops, state press reported on Wednesday. Thirteen illegal alloy smelting plants in Hubei that defied government efforts to close them down two years ago were finally shut this week, the China Daily reported. "We removed the plant ... more |
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