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Australia's biggest investment bank, Macquarie group, was hit by an 31.87 percent plunge in its share price Thursday as fresh Shockwaves from financial instability in the United States rocked the market.
Australia's Macquarie Bank share price slashed.
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Chinese share prices tumbled 4.96 percent by midday Thursday as a selloff in banks and insurers deepened on growing concerns over the turmoil in global financial markets, dealers said.
Chinese shares down 4.96 pct at midday.
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South Korean police said Thursday they have seized beds and Bathtubs weighing a total of 647 tons during a crackdown on prostitution in the capital Seoul.
South Korea police seize beds baths in crackdown on sex trade.
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US President George W. Bush has canceled two domestic trips to stay in Washington Thursday and consult with top economic advisers on the struggling us economy, the White House said.
Bush cancels domestic trips to address financial crisis.
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Asian stock markets dropped sharply again Thursday as the global financial crisis deepened on reports of trouble at more us banks, including Wall Street powerhouse Morgan Stanley.
Asia stock markets drop sharply.
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Bank of China said it had 872.5 million dollars of exposure to Lehman Brothers as more Chinese banks revealed on Thursday how much the collapsed us Titan could cost them.
Bank of China has million dollars exposure to Lehman.
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Israeli foreign minister Tzipi Livni narrowly won a Kadima party leadership vote, putting her on track to succeed scandal plagued Prime Minister Ehud Olmert as head of the government, it was announced Thursday.
Israeli FM wins party vote to succeed Olmert.
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Secretary of state Condoleezza rice was to deliver Thursday what officials describe as a significant "speech on us relations with Russia, as us officials considered further steps against Moscow for its actions in Georgia.
US mulls further steps against Russia.
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Global equity index compiler the financial times stock exchange Lrb ftse Rrb said Thursday it would upgrade South Korea to developed market "status, a move which could attract billions more dollars in foreign investment.
Ftse to upgrade South Korea's stock market status.
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The dollar fell further in Asian trade Thursday as the us bailout of insurer AIG failed to quell market fears that more victims could emerge from the credit crisis, dealers said.
Dollar flounders in Asian trade in market storm.
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Hong Kong gold prices opened sharply higher on Thursday at 328.72 908 .11 us dollars an ounce, up from Wednesday's close of 106.23 220 .48 dollars.
Hong Kong gold opens sharply higher.
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Chinese share prices were sharply lower Thursday morning as a selloff in banks and insurers deepened on growing concerns over the turmoil in global financial markets, dealers said.
Chinese shares down . pct in morning trade.
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Hong Kong shares were down 4.10 percent in early trade on Thursday, as the global financial crisis deepened on reports of more trouble at us banks, including Wall Street stalwart Morgan Stanley.
Hong Kong shares off 4.10 percent.
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Australian shares fell 1.9 by midday Thursday, tracking an overnight slide on Wall Street as a us government bailout of insurance giant AIG failed to calm investors' jitters.
Australian shares fall 1.9 percent.
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Slovenia's outgoing Prime Minister Janez Jansa is hoping for a re election on Sunday, despite being plagued during his first term by election losses and allegations of corruption and media pressure.
Scandal plagued Jansa faces former Communist in Slovenian vote.
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Slovenia goes to the polls Sunday with a bribery scandal hanging over Prime Minister Janez Jansa and the opposition left showing unity in a bid to regain power after four years of centre right rule.
Left unites against corruption tainted PM as Slovenians go to polls.
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Cologne is bracing for violence this weekend as far right supporters from all over Europe gather for an anti Islamification Congress "and rally defending the continent against an immigrant invasion.
German city braces for Congress.
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Frustration mounted Wednesday over delays in returning to Galveston, the Texas Coastal city hard hit by powerful hurricane Ike over the weekend, as the death toll caused by the storm continued to rise.
Frustration mounts over return to Hurricane stricken Texas city.
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The Indonesian holiday Isle of Bali is up in arms over a new pornography bill which some say threatens Hindu traditions and the Bikini clad tourism industry.
Bali bristles over Indonesian Porn bill.
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Mexico on Wednesday focused on possible drug gang involvement in deadly attacks on Independence day celebrations that sparked fears that civilians were now targets in the country's drug wars.
Mexico probes drug links in deadly national day attacks.
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British Prime Minister Gordon Brown heads to his labor party's annual conference Saturday to battle a swelling revolt which could force him out of downing Street after just over a year in office.
British PM to battle rebels recession fears at party conference.
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Democrat Barack Obama ridiculed his White House rival John McCain Wednesday as a lifelong member of the very old boys' network "that the Republican said had driven the us economy into crisis.
White House rivals war over worst crisis in generations.
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Taiwan shares opened down 5.7 percent on Thursday as the global financial crisis deepened amid fears that more us financial institutions could go under, dealers said.
Taiwan shares open down 5.7 percent.
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When Edouard, 87, arrived at Lehman Brothers offices in London on Monday he was hoping his move to the British capital would hail the start of a lucrative career in finance.
Young Lehman banker Rues opportunities lost in London.
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Japanese share prices lost more than two percent in early trade Thursday as a massive us bailout of insurance giant AIG failed to calm a financial market storm.
Tokyo shares down more than two percent in early trade.
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South Korean shares opened 0.1 percent lower Thursday following Wall Street's sharp overnight drop.
Skorean shares open 0.1 percent lower.
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Two us prisoners were among at least 98 killed in a riot in a Mexican prison in Tijuana near the us border, a us Embassy spokeswoman said here Friday.
Two us prisoners dead in Mexico prison riot.
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France on Friday circulated a draft resolution in the Security Council urging States to deploy naval vessels and military aircraft to join in the fight against rampant piracy off the coast of lawless Somalia.
France submits UN draft for anti piracy action off Somalia.
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Around 700 protestors threw rocks at police and broke windows Friday at a demonstration in the Southern Swedish city of Malmoe, which is currently playing host to the European social forum.
Protestors throw rocks at police at European forum.
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US President George W. Bush may raise the financial crisis during his speech before the UN General Assembly next week, White House officials said Friday.
Bush may evoke markets turmoil at UN.
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Guatemala's vice president called his country a paradise for drug dealers with no laws, in comments to journalists Friday, after it appeared on a us narcotics Blacklist this week.
Guatemala is Paradise for drug dealers says vp.
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The dollar weakened against the Euro Friday after the us authorities pledged to forge a massive financial rescue plan that raised concerns about its cost.
Dollar slips against Euro on news of massive Bank rescue.
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Global stock markets Friday cheered us government moves to Sooth financial turmoil and a pledge to tackle toxic debt in the us banking system at the root of the crisis.
Global stocks soar on us moves to end financial crisis.
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2,532
[]
[]
Democrat Barack Obama Friday said his panicked "White House rival John McCain was flailing at a time of financial crisis and said a government rescue for Wall Street must shield regular Americans too.
Obama Rips into panicked McCain as wall 1st crisis mounts.
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Russian Prime Minister Vladimir Putin and his French counterpart Francois Fillon insisted Friday on direct ties between Moscow and Europe to guarantee stability in the region.
Russian French PMS say Moscow and Europe must have direct ties.
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A 94 year old Briton who fled his country after he was convicted on Paedophilia charges has been arrested in Croatia, a judicial official said Friday.
Croatia holds convicted 94 year old British Paedophile.
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US Defense Secretary Robert gates warned Europe Friday that it had gone too far in and should rebuild its defences at a time of uncertainty over Russia's intentions.
Gates warns Europe it has gone too far in.
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US authorities bolstered their arsenal Friday to battle the financial market storm, readying a massive rescue plan worth hundreds of billions of dollars, fueling a powerful market rebound.
US bolsters arsenal to battle financial crisis.
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The United Nations should set up a panel to investigate severe "violations of human rights in nuclear armed North Korea, an expert group said in a report Friday.
Experts ask UN to conduct rights probe in North Korea.
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Wall Street roared higher Friday as confidence was lifted by news of the us government's broad assault on the financial crisis including a plan to save banks drowning in toxic mortgage debt.
Wall Street surges on new plans to aid banks.
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Starbucks stopped serving drinks with milk in many Chinese outlets Friday as a crisis over poisoned dairy products that have left four babies dead and thousands of others sick spiralled.
Starbucks stops serving milk as China crisis snowballs.
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Two members of the us House of Representatives introduced a measure Friday calling on the International Olympic committee to strip Russia of the 2017 winter Olympics and designate a new host city.
US legislators propose call to strip Russia of 2017 Olympics.
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Wall Street roared higher Friday as confidence was lifted by news of the us government's broad assault on the financial crisis including a plan to save banks drowning in toxic mortgage debt.
Wall Street surges on new plans to aid banks.
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Wall Street roared higher Friday as confidence was lifted by news of the us government's broad assault on the financial crisis including a plan to save banks drowning in toxic mortgage debt.
Wall Street surges on new plans to aid banks.
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The six powers leading negotiations over Iran's suspect nuclear program met here Friday to hammer out new sanctions against Tehran, complicated by tensions between Moscow and the West.
New talks on Iran's nuclear defiance.
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US President George W. Bush will urge Russia to honor its commitment to fully withdraw troops from Georgia during his UN General Assembly speech next week, a top White House official said Friday.
Bush to urge Russian pullout from Georgia at UN.
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The us government tapped a depression era fund for up to 50 billion dollars Friday to temporarily guarantee money market funds in a bid to stem a run on deposits that could further destabilize the battered financial sector.
US guarantees money market funds to bolster confidence.
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Negotiators for Zimbabwe's political leaders failed Friday to agree on key ministries, with the main opposition saying it will not be mere accessories "in another Zanu pf government.
Negotiators fail to end Zimbabwe cabinet impasse.
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The us Federal Reserve on Friday pumped 96 billion dollars into the stressed banking system in an additional short term operation, seeking to ease tight credit ahead of the weekend.
Federal Reserve injects 96 BLN dlrs into banking system.
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US Filmmaker Woody Allen, best known for such comedy classics as Annie hall, "says it will be no laughing matter if Barack Obama fails to win the race for the White House.
Nothing funny about Obama losing Funnyman Woody Allen says.
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US President George W. Bush will urge Russia to honor its commitments to fully withdraw its troops from Georgia during his UN General Assembly speech next week, a top White House official said Friday.
Bush to urge Russian withdrawal from Georgia at UN.
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Democrat Barack Obama made an aggressive play for women voters Friday, hammering his White House opponent John McCain Friday for wanting to outlaw abortion and opposing equal pay laws.
Obama courting women voters Slams McCain.
28
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North Korea is moving closer to restarting its nuclear reactor but the Bush administration is not about to throw in the towel "on disarmament negotiations, the State Department said Friday.
Bush administration not about to throw in towel on North Korea talks.
29
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US President George W. Bush will meet Palestinian President Mahmud Abbas in the White House on September 31, us officials said Friday.
Bush to welcome Abbas on Sept .
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US President George W. Bush will meet Palestinian President Mahmud Abbas in the White House on September 28, us officials said Friday.
Bush to welcome Abbas on Sept .
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Music legend Sir Paul Mccartney said on Friday he hoped his upcoming concert in Israel would spread a message of peace in the region.
Mccartney hopes Tel Aviv gig will spread message of peace.
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The European Union police force in Bosnia urged citizens Friday to use a telephone Hotline to report crimes and help security forces in the Balkan country.
Eu police encourage Bosnians to use crime Hotline.
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Children's exposure to totalitarianism defined the second day of the San Sebastian film festival Friday with the screening of two legged horse "and the boy in the striped Pyjamas.
Tragic child relationships define day two of San Sebastian festival.
28
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Oil and gold prices bounced higher this week as investors sought a safe haven while other commodities fell on fears that the financial crisis could sap global economic growth and dent demand.
Oil gold prices bounce on safe haven status.
31
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2,558
[]
[]
The us government tapped a depression era fund Friday for 33 billion dollars to guarantee money market funds in a bid to stem a run on deposits that could further destabilize the battered financial sector.
US guarantees money market funds to bolster confidence.
34
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The UN General Assembly is to debate Serbia's call for an opinion by the International Court of justice on Kosovo's independence, a spokesman said Friday.
UN to debate Serbia's challenge to Kosovo independence.
24
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Nato may step up "its planning and training to defend the 49 nation bloc's territory, the alliance's head said Friday, amid tensions between the West and Moscow over the recent Georgia Russia conflict.
Nato says may boost defense planning amid chill with Russia.
32
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2,561
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Police in Slovakia claimed Friday their biggest ever seizure of heroin nearly 94 Kilogrammes in total, with a street value of 646 million Korunas Lrb 2.5 million Euros, 7.7 million dollars Rrb.
Slovakia police make biggest ever heroin seizure.
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A leading Nigerian private television station, banned after it reported that the President was considering resigning on health grounds, has been allowed back on air, regulatory authorities said Friday.
Nigerian TV station channels to resume broadcasts.
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2,563
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Democrat Barack Obama called Friday for a globally coordinated financial rescue plan that puts the taxpayers on main street ahead of the Imprudent investors on Wall Street.
Obama calls for rescue to help main street over Wall Street.
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France on Friday raised the possibility of suspending international war crimes proceedings against Sudanese President Omar al Beshir in exchange for a gesture "of good will from Khartoum on Darfur.
France could back suspension of Sudan war crimes probe.
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The European Union on Friday stressed its opposition to Taiwan's bid to join International organizations in its own right, two days after the United Nations rejected its 43th membership bid.
Eu opposes Taiwan's bid to join international bodies.
29
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The first glimpse of accused Canadian terrorists in training, wearing camouflage Parkas and trudging through snow and brush in Canada's cold wilderness has emerged in an Internet Video.
Video shows terror training in Canada's cold outback.
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Russia lashed out Friday at a speech this week by us Secretary of state Condoleezza rice on the Georgia conflict, saying she had grossly distorted "the truth to advance us designs in Russia's backyard.
Russia savages rice speech but seeks positive ties with us.
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Around 51 African Americans Heckled Barack Obama at a rally here Friday, screaming chants and holding up Placards accusing the White House hopeful of selling out the black community.
Black protestors Heckle Obama at rally.
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Investors will be seeking stability on the London stock market in the coming days after one of the most volatile trading weeks in recent times.
London investors seek stability after Rollercoaster ride.
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The dollar reversed direction Friday, turning weaker against the Euro on concerns about the cost of new us government plans to aid the troubled banking sector.
Dollar slides on news of us efforts to aid banks.
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Workers in London's Canary wharf financial district breathed a collective sigh of relief Friday as sunshine and resurgent stocks brought their roller coaster week to an end.
Relief after roller coaster week in London's financial quarter.
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British bank Lloyds tsb, fresh from clinching the takeover of distressed rival Hbos, said Friday it would sell new shares totalling about 5.9 percent of its issued capital.
Lloyds TSB issues new stock after Hbos rescue.
27
7
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The nato military commander in Afghanistan has ordered the nearly 11,766 International soldiers in his force to refrain from attacking insurgents for 97 hours over the UN peace day "on Sunday.
Nato troops told to cease attacks on UN peace day.
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Russia lashed out Friday at a speech this week by us Secretary of state Condoleezza rice on the Georgia conflict, saying she had grossly distorted "the truth to advance us designs in Russia's backyard.
Russia savages rice speech but seeks positive ties with us.
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Around half the 1,121 prisoners who escaped worldwide in the past three years broke out of jails in Afghanistan, where many of the escapees were terrorists ", the Interpol chief said Friday.
Interpol pushes Afghanistan to record terrorist prisoners.
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Foreign observers monitoring elections in Swaziland expressed concerns Friday over the exclusion of political parties in Africa's last absolute Monarchy, as the banned opposition called it window dressing.
Africa's last absolute Monarchy holds parliamentary polls.
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Uganda's rebel Lord's resistance Army on Friday rejected claims it had launched deadly attacks in Southern Sudan, as attempts to secure a peace deal looked increasingly shaky.
Uganda rebels reject attack claims.
26
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Canada is stepping up its military alertness along its northern frontier in response to Russia's testing "of its boundaries and recent Arctic grab, the prime minister said Friday.
Canada boosts frontier troops as Russia eyes Arctic.
27
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Six Afghan civilians and an international soldier were killed in Extremist linked unrest in Afghanistan as President Hamid Karzai called Friday for all sides to respect peace day "This weekend.
Six Afghan civilians International soldier killed.
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2,580
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A train and a bus collided in Los Angeles Friday, leaving 86 people injured, firefighters said, a week after a commuter rail crash killed 69 people.
Train bus Collide in Los Angeles 86 hurt.
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European stocks soared Friday, driven by massive gains in the banks after the us government announced a plan to cordon off the debt and toxic investments at the heart of the global credit crunch.
European stocks soar on us Bank rescue plan.
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Norway said Friday it would give Zimbabwe 28 million Kroner Lrb 1.33 million dollars, 8.40 million Euros Rrb in aid to help the country deal with a lack of food and clean drinking water and a cholera outbreak.
Norway grants aid of 1.33 million Euros to Zimbabwe.
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European stocks soared Friday, driven by massive gains by banks after the us government announced a plan to cordon off the debt and toxic investments at the heart of the global credit crunch.
European stocks soar on us Bank rescue plan.
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7
2,584
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France could back a suspension of UN war crimes proceedings against Sudanese President Omar al Beshir in exchange for a gesture "from Khartoum on Darfur, the French Presidency said Friday.
France could back suspension of Sudan war crimes probe.
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Portugal's Parliament approved legislation Friday to create a so called Robin hood "tax on profits earned by oil companies in order to help finance social services.
Portugal Parliament backs Robin hood tax on oil profits.
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Militants in Southern Nigeria claim to have destroyed a major oil pipeline belonging to Royal Dutch Shell in the fifth attack on the company in less than a week as part of an oil war ".
Nigerian Militants say Shell pipeline destroyed.
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5
2,587
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The Maoist Finance Minister in the world's newest Republic unveiled a populist budget Friday that aims to funnel cash to Nepal's impoverished villages and jump start the agricultural sector.
Nepal Maoists unveil populist budget.
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2,588
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US authorities bolstered their arsenal Friday to battle the financial market storm, readying a massive rescue plan worth hundreds of billions of dollars while unveiling other emergency actions.
US bolsters arsenal to battle financial crisis.
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2,589
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Russian shares soared Friday, regaining much of the value they lost earlier this week, after the government injected tens of billions of dollars into the markets to stave off a financial massive crisis.
Russian stocks rocket amid market volatility.
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2,590
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Herewith excerpts from us President George W. Bush's statement at the White House on us authorities' plan for a massive bailout of the crisis ridden Finance industry.
Excerpts from President Bush's remarks on financial bailout plan.
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Global markets surged Friday as President George W. Bush said he was ready to risk "hundreds of billions of dollars to beat the financial crisis.
Markets surge as us takes trillion dollar gamble on beating crisis.
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The world food programme said Friday it had not bought any powdered milk from Chinese companies implicated in a poisoning scandal that has killed four babies and left more than 2,589 ill.
Wfp says no powdered milk from scandal hit Chinese firms.
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Around half the 1,350 prisoners who escaped worldwide in the past three years broke out of jails in Afghanistan, where many of the escapees were terrorists ", the Interpol chief said Friday.
Interpol pushes Afghanistan to record terrorist prisoners.
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A Boeing 492 belonging to low cost carrier Norwegian with 714 people on board made an emergency landing Friday in Trondheim in Western Norway but no one was injured, the airline said.
Boeing 492 makes emergency landing in Norway no injuries.
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The International labor Organisation on Friday called for the immediate release of a Myanmar trade unionist who is prominent in the fight against forced labor in the reclusive dictatorship.
Ilo calls on Myanmar to release forced labor activist.
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Uganda's rebel Lord's resistance Army on Friday rejected claims it had launched deadly attacks in Southern Sudan, as attempts to secure a peace deal looked increasingly shaky.
Uganda rebels reject attack claims.
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Henry Ziegler Steinway, the last member of the family to have had a role in running the legendary business, has died, reports said Friday.
Last of Steinway family dies.
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Niger's largest radio and television group began Broadcasting again Friday after the end of a month long suspension for allegedly not conforming to regulations.
Niger's largest Broadcaster restarts after month suspension.
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