Archive for October 13th, 2008

Cambodia: Thailand withdraws troops from border (AP)

Written by on Monday, October 13th, 2008 in Latest News.

AP – Thai troops retreated from a disputed border zone Tuesday, a Cambodian general said, averting a possible military clash after Cambodia’s prime minister issued an ultimatum to Thailand to withdraw by midday.

Original post by AFP and software by Elliott Back

Stocks soar, bonds tumble on broad crisis plans (Reuters)

Written by on Monday, October 13th, 2008 in Latest News.

Share traders laugh as they sit at their trading terminals at the Frankfurt stock exchange, October 13, 2008. (Kai Pfaffenbach/Reuters)Reuters – Asian stocks surged, with Japan’s Nikkei up more than 13 percent on Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.

Original post by Reuters and software by Elliott Back

U.S. to outline $250 billion bank bailout (Reuters)

Written by on Monday, October 13th, 2008 in Latest News.

Treasury Secretary Henry Paulson testifies before the House Financial Services Committee about credit market turmoil and the government economic bailout on Capitol Hill in Washington September 24, 2008. (Kevin Lamarque/Reuters)Reuters – The U.S. Treasury is ready to inject $250 billion into U.S. banks, mirroring moves by other leading countries that have boosted confidence in financial markets and sent the Nikkei soaring 13 percent on Tuesday.

Original post by Reuters and software by Elliott Back



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