The world's most powerful diplomat arrives at the world's biggest gathering of political and business leaders. Condoleezza Rice came to formally open the annual gathering at Davos in Switzerland with global financial markets falling again after a turbulent week driven down by fear of recession. The ailing US economy may be dominating talk amongst delegates at the World Economic Forum but it will not derail her agenda - private meetings with the presidents of Pakistan and Afghanistan. But criticism of the U.S. central bank is mounting. Morgan Stanley's Asian chief, Stephen Roach, told Reuters 'Davos Today' programme, 'the Fed was storing up more problems'. SOUNDBITE: Stephen Roach, Morgan Stanley saying (English): "I'm sort of worried all they did yesterday was hit the snooze but and they are going to go back to sleep because they are going back to the same old story that we have had to put up with for the last seven years and that is excessive monetary accommodation that takes...
The genteel Swiss ski resport of Davos is preparing for an invasion. Every year, thousands of politicians and policy makers from around the world climb the valley to attend the World Economic...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
Japan's top mobile phone player, NTT docomo, is looking for overseas acquisitions amid tough competition at home. New CEO Ryuji Yamada says a recent 30% stake in a Bangladesh carrier is just the...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
While consumers in the United States struggle with rising fuel prices, Venezuela's gasoline the cheapest in the world at 12 cents per gallon. Venezuelan President Hugo Chavez, a fierce...
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 ) with...
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