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Business 11 Oct 2008 | 12:00 AM

US to take stake in banks, first since Depression

The U.S. government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.

Business 24 Oct 2008 | 12:00 AM

EU, Asian leaders meet to discuss financial crisis

BEIJING (AP) - The global financial meltdown is injecting a sense of urgency into a summit of European and Asian leaders that gets under way in China's capital on Friday.

Business 25 Oct 2008 | 12:00 AM

Leaders call for new rules for financial system

BEIJING (AP) - Seeking a common approach to the global financial turmoil, Asian and European leaders called for new rules guiding the global economy and a leading role for the International Monetary Fund in aiding crisis-stricken countries.

Business 25 Oct 2008 | 12:00 AM

Banker: Worst global financial crisis ever seen

Bank of East Asia Ltd chairman and chief executive Sir David K.P. Li was in Kuala Lumpur to launch the Tricor Group. He spoke with JAGDEV SINGH SIDHU on the current global financial crisis.

Business 17 Nov 2008 | 12:00 AM

Perth route big enough for all: Tiger Airways

TIGER Airways does not see the emergence of AirAsia X as a competitor on the Perth route. Tiger believes the market is big enough to take an additional player.

Business 02 Dec 2008 | 12:00 AM

Ryanair launches new bid for Aer Lingus

Ryanair, Europe's largest low-cost airline, yesterday offered to buy Irish rival Aer Lingus for 750 million euros (US$970.4mil) or just half the price of its bid in 2006 which was blocked by the European Union.

Business 03 Dec 2008 | 12:00 AM

US cruise ship outruns Somali pirates' guns

NAIROBI, Kenya (AP) - The luxury American cruise ship steaming across the Gulf of Aden with hundreds of well-heeled tourists just might have been too much for Somali pirates to resist.

Business 06 Dec 2008 | 12:00 AM

Clinching the best

THE 30th Kancil Awards held on Friday last week will certainly be etched in the minds of Malaysian advertising agencies for many years to come.

Business 08 Dec 2008 | 12:00 AM

Spillovers from the financial meltdown

THE US financial crisis has pushed American policymakers to the wall, forcing them to devise rescue plans that run against the grain of free-market principles.

Business 15 Dec 2008 | 12:00 AM

Global woes pose risks, also openings for US

The economic slump roaring across the world's geopolitical map poses weighty challenges, as well as some unexpected opportunities, for President-elect Barack Obama.