WN Network Property Tycoon
Property Tycoon
Search the World News Network
Advanced Search
Currency Market..more
Posted on Mon, Oct. 06, 2008 share email print comment Oil falls below $92 as financial turmoil spreads
Oil falls below $92 as financial turmoil spreads
Asian markets fall on financial turmoil fears
Oil falls below $92 as financial turmoil spreads
Asian stocks slide as Europe's financial crisis deepens
Europe rattled by credit squeeze
Oil falls below $92 as financial turmoil spreads
Asian markets plunge on fears crisis is spreading
Full Market Report..more
Asian markets plunge on fears crisis is spreading -
SKorea wants financial summit with China, Japan
Asian markets plunge on fears crisis is spreading
Students feeling economy's crunch
Chinese insurer to record $2.3B loss on Fortis
Oil falls below $92 as financial turmoil spreads
Economy creates surge in homeless Mass. families
Investment executive's robbery charges may grow
Finance Journal..more
More confusion than support for the state ballot issues
$700 billion net isn't big enough to catch every bank, experts say
Late tax payments will bring accelerated tax sales
Posted on Mon, Oct. 06, 2008 share email print comment Oil falls below $92 as financial turmoil spreads
German bank rescued, South Korea reassures lenders
Harry Gross: Woman appoints neighbors as power of attorney
Dueling rulings on a deal for Wachovia
Winging It: Holding steady on low-fare reputation
World Bank..more
State pushes to help desperate food banks
European central banks offer more cash to markets -
Bank of America settles lawsuit over bad mortgages
Phillies Notes: A noisy Bank awaits Dodgers
Bailout no quick fix for Main St.
Europe scrambles to save faltering banks
Regulators scramble to shore up banking system
Oil falls over 3 percent to $91, crisis may dampen demand
Business WN Industry WN Markets Archive WN Site Map
PHOTO SEARCH
Posted on Mon, Oct. 06, 2008 share email print comment Oil falls below $92 as financial turmoil spreads
| SINGAPORE -- Oil prices fell below $92 a barrel on Monday in Asia on fears a U.S.-led financial crisis is spreading across the globe, exacerbating an economic slowdown that will cut crude demand. | ... (photo: )
Another meltdown Monday as London shares crash again
• Fears over stability of Icelandic economy | • Germany unexpectedly guarantees all retail savings | • UK's economic war cabinet to meet for first time | Shares in London and the rest of Europe ... (photo: )

Intellectual Property
Full StoryIntellectual Cleansing: Part 1
Full StoryKey Technology Exercises Option to Acquire Headquarters Property
Full StoryUN intellectual property agency welcomes US ratification of key trademark pact
Full StoryPatent play Making money from intellectual property
Full StoryCiprico Completes Sale of Intellectual Property to Dot Hill
Full Storye-IP, LLC, Better Known as www.TechTransferOnline.com, Acquires Intellectual Property Listing Business From BirchBob International, S.A.
Full StorySenate passes intellectual property bill
Full StoryMauritius offers escape from property slump 
Full StoryNew UN intellectual property chief cites challenges of booming patents
Full StoryHow this Country Can Harness Intellectual Property, By Wipo
Full StoryLacson accused of 'intellectual dishonesty, blabbering'
Insurance Services
Full StoryTrustco latest to join banks seeking revenue bump through insurance sales
Full StoryGermany insures savings amid bank rescue talks
Full StoryTOPWRAP 4-Germany insures savings amid bank rescue talks
Full StoryAIG to keep core insurance, sell assets to pay US loan
Full StoryInsurer American International Group plans sale of business units to repay debt
Full StoryAIG to sell off business units but retain US property and casualty, foreign insurance ops
Full StoryInsurance Company Earnings Plunge 53%
Full StoryAIG to keep core insurance, sell assets to pay US loan
Full StoryAIG to sell off business units; retains US property and casualty, foreign insurance businesses
Full StoryInsurers dive on Reid's 'bankrupt' quote
Full StoryYou can extend FDIC insurance past first $100,000
Patents
Full StoryPatent Watch
Full Story'GSIS always transparent' The Government Service Insurance System (GSIS) has always been transparent in its policies and investments, thus Mr. Dan Mariano's October 1, 2008 piece admonishing the GSIS to "come clean" was rather off the mark. Nonetheless, I wish to thank Mr. Mariano for his interest in the issue, which the GSIS wishes to clarify in the face of patent disinformation being sown by some groups against the GSIS Global Investment Program (GIP). On Mr. Mariano's question about the "remaining $400 in the $1-billion GSIS GIP," the GSIS is presently in the process of selecting new fund managers to handle the said funds. Rest assured that the same stringent requirements put in place in selecting ING Investment Management and Credit Agricole to handle $300 million each under the GSIS GIP are being used in selecting the new managers for the $400 million. Among these requirements is that only fund managers with a minimum of $100 billion assets under management (AUM) need apply to the GSIS. It is noteworthy that ING, which has a solid presence in our country since 1990, has around $503 billion in AUM; while Credit Agricole, rated "M2" by Fitch, has an AUM of approximately $725 billion. On Citibank N.A. being tapped as global custodian of the GSIS GIP, it should be pointed out that Citibank is limited to its role as a custodian of the funds. As it is not a fund manager of the GSIS GIP, Citibank NA cannot invest the same. The GSIS sees something sinister in concerted efforts to sow suspicion on the GSIS GIP, when the GSIS has done what all the other local banks had done following news on Lehman and AIG. This was to express categorically that GSIS has no investments in either US firms, while having minimal exposure in the troubled US market. Some local banks admitted having investments in Lehman and AIG, but will the GSIS admit the same when that is simply untrue? I ask this because the question on whether or not GSIS invested in Lehman or AIG had been repeated countless times already. As to Mr. Mariano's comment that the European market is also feeling the effects of the US downturn, I can only say that that's the nature of market globalization. The US sneezes and the world catches a cold. Risks are inherent in investing, but that's not a reason to stop investing in the Philippines or abroad. But I'd like to reiterate that the GSIS has taken all measures to safeguard its investments. Atty. Estrella Elamparo Chief legal counsel GSIS ___ Natrovox is not Pharex's but Natrapharm's We would like to thank The Manila Times for writing our story, "Generic drugs found selling more than branded ones" on September 27, 2008. Getting published in your reputable newspaper gives us, local generics manufacturers, a veritably effective platform to amplify our cause. However, we would also like to point out that Natrovox, the phenomenal generic hitmaker of co-amoxiclav, is a product of Natrapharm and not Pharex. We apologize for the possible mix-up in the data that we gave to your reporter. Again, our heartfelt gratitude for giving us the opportunity to tell our story. MARILOU BUENSUCESO President Philippine Chamber of Pharmaceutical Industry (PCPI) Presidents Tower, Timog Avenue, Quezon City ___ Statement of Foreign Ministry of Iran on International Day of Qods Ministry of Foreign Affairs of Islamic Republic of Iran expresses its congratulations to all Muslims of the world on the International Day of Qods. The Muslim world is marking the 30th anniversary of the declaration of this holy Day by the late Imam Khomeni (P.U.H) at a time when the oppressed Palestinian people and the Holy Qods as the symbol of solidarity and the core of the unity of the Muslim world are still under the occupation of the Zionist occupiers. Sixty years after the organized occupation of Palestine, this land is still witness to the terrorist and racist attacks by the Zionist regime, killing defenseless people particularly women and children, imposing a long siege on the occupied Palestinian regions specially the Gaza strip, blocking the flow of food, medicine and fuel into these regions, expanding Jewish settlements, demolishing the economic infrastructures of Palestine and Judaizing the Holy Qods. Over all these years, the Zionist usurping regime has resorted to racist and expansionist measures to change the fabric and demography of the Holy Qods and its extensive, illegal and provocative excavations have exposed a constant threat to the historical and religious monuments of this city, particularly Al-aqsa Mosque. Given the dangers emanating from the presence of the illegitimate, fabricated Zionist regime in the Middle East, Islamic Republic of Iran has always stressed the need for the protection of the Islamic identity of the Holy Qods and Palestine as well as the unity and cohesion of the Muslim Ummah, believing that only the strong will of the regional Muslim nations backed with their belief in the victory of the Resistance which has scored brilliant achievements for Palestine and the Muslim Ummah can curb the acquisitive ambitions of the regime usurping the Holy Qods. The International Day of Qods demonstrates grass­roots support of independent, free-minded peoples of the world for the Intifadas of the oppressed valiant people of Palestine against the Zionist occupiers. Relying on such broad-based support, the Palestinian people are raising their outcry for the full removal of occupation from the historical land of Palestine, liberation of the Holy Qods and freedom of all Palestinians, particularly the elected representatives of this nation in the legislative Assembly of Palestine held prisoners by the Zionist regime and the return of all Palestinian refugees to their ancestral lands. They also call on all other free-minded peoples of the world to support the Palestinian resistance and struggle against the state terrorism and the racist policies of the regime occupying the Holy Qods. Ministry of Foreign Affairs of Islamic Republic of Iran invites all Muslim and free-minded nations of the world to celebrate the International Day of Qods more gloriously than ever in different parts of the world to show their full solidarity with the Palestinian people and their support for the Holy Qods and calls on the whole Palestinian nation, particularly all Jihadi and political groups to preserve their unity around the loafty goals of the Palestinian revolution and avoid any divisions amongst their ranks which benefit only the Zionist, occupying regime. [Editor's note: The above was received by The Manila Times on October 1 from the Iranian Embassy. The opinions expressed, especially about the intifada and the jihadi, are those of the Islamic Republic of Iran's foreign ministry and not of The Manila Times. The International Day of Qods (or Quds) is an annual event opposing Israel's control of Jerusalem (Al-Quds in Arabic). It is held every last Friday of Ramadan. Jerusalem Day is not an Islamic religious holiday but a political event, and thus observance is not obligatory in Islam. Qods Day in 2008 was on Friday, September 26. After the 1979 Islamic Revolution, then Supreme Leader of Iran Ayatollah Khomeini -referred to as "the late Imam Khomeni (P.U.H)" above—declared the holy observance in August of that year. "P.U.H" means "peace be upon him."]
Full StoryKangaroo Media Inc. reacts to patent complaint
Full StoryKangaroo Media Inc. reacts to patent complaint
Full StoryOmaha man loses patent lawsuit against Nike
Full Story[Spiffy] Researchers at UCLA have patented a way for women to orgasm in three minutes, ...
Full StoryQualcomm seeks patent for mobile altitude measuring device
Full StoryAmgen anemia drug patents upheld in Roche dispute
Full StoryPCTEL's Request For Reexamination of Wider Networks' Patent Results in Rejection of All Claims
Full StoryDistrict Court Affirms Patent Infringement Rulings and Finds That Amgen is Entitled to a Permanent ...
Full StoryWi-LAN's signs up 100th company for V-chip patents
Mortgages
Full StoryPosted on Mon, Oct. 06, 2008 share email print comment Bank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages
Full StoryBank of America settles lawsuit over bad mortgages -
Copyrights / Trademarks
Full StoryRapidShare ordered to remove copyrighted content
Full StoryCopyright board leaves royalty rate unchanged
Full StoryCopyright board freezes royalty rate
Full StoryCopyright board freezes royalty rate
Full StoryApple wins in copyright court.
Full StoryCopyright board leaves royalty rate unchanged
Full StoryCopyright board leaves royalty rate unchanged
Full StoryCopyright board leaves royalty rate unchanged
Full StoryCopyright board leaves royalty rate unchanged
Full StoryCopyright board leaves royalty rate unchanged
Full StoryPosted on Thu, Oct. 02, 2008 share email print comment Copyright board leaves royalty rate unchanged
UK Economy
Full StoryAnother meltdown Monday as London shares crash again
Full StoryBritain mulls buying shares to recapitalise banks: reports
Full StoryThe £2trillion question
Full StoryIreland looks at UK banks
Full StoryIrish fin min: looking at UK banks in guarantee plan
Full StoryGlobal markets weekahead: Financial crisis and economic woe
Full StorySlow economy may hurt 2010 Olympics ticket sales, tourism spinoff
Full StoryConcern over the economy permeates university business classrooms
Full StoryPolitically, economy working for Dems
Full StoryCredit crunch: A sickness in the heart of Britain
Full StoryRelentless tide of awful news means Bank of England has no time to lose
Global Trading
Full StoryAsian, European markets sink as they reopen after U.S. bailout
Full StoryNikkei hits 4-½ year closing low as gloom spreads
Full StoryPosted on Mon, Oct. 06, 2008 share email print comment Oil falls below $92 as financial turmoil spreads
Full StoryGerman bank rescued, South Korea reassures lenders
Full StoryOil falls below $92 as financial turmoil spreads
Full StoryHK index drops on global economy worries
Full StoryAsian markets fall on financial turmoil fears
Full StoryOil falls below $92 as financial turmoil spreads
Full StoryAsian stocks slide as Europe's financial crisis deepens
Full StoryOil falls below $92 as financial turmoil spreads
Full StoryAsian markets plunge on fears crisis is spreading
RELATED NEWS
Sun 5 Oct 2008
German government in crisis talks on bank
CNN| BERLIN (AP) -- Germany's Finance Ministry convened crisis talks Sunday to find a new way to keep Hypo Real Estate AG afloat after a $48.4 billion ba...
German rescue deal falls apart
Al Jazeera| A rescue plan for Germany's second largest mortgage lender has collapsed, even as leaders of four European nations met to discuss how to a...
Credit crunch: A sickness in the heart of Britain
The Observer| There may be no apparent connection between the wheeler-dealers of the City, clinging to their jobs through the white-knuckle ride of the credit cru...
Credit crunch: A sickness in the heart of Britain
The GuardianIt started with distant banks and poor homeowners in America. But now the financial turmoil that has raced around the world threatens to inflict a dee...
Mittal drops £16bn as crunch bites
The Times| Britain's richest man, the steel tycoon Lakshmi Mittal, has also emerged as the country's biggest loser from the credit crunch with more than £16 bi...
Sat 4 Oct 2008
European leaders vow to fight financial crisis
International Herald Tribune| By Anna Willard and Brian Love | European leaders vowed after crisis talks on Saturday to do all they could to fend off the financial mayhem that ha...
House prices rise in uni towns
The Guardian| House prices have nearly doubled in five university towns during the past five years, figures have showed. | Belfast has seen the strongest growth, ...
Profits crashing, house prices falling, jobs axed. So how bad will it get?
The GuardianThe UK may already be in recession. Some economists believe the slowdown will last all through next year - which would add up to the worst recession s...
Fri 3 Oct 2008
Homeowners stop cashing in on their properties
The Guardian| Homeowners are increasing the equity held in their properties. Photo: David Sillitoe | Homeowners have stopped taking money out of their properties ...
Credit crunch Britain - the winners and losers
London Evening StandardThe huge upheavals ripping through the financial markets have already left a trail of victims as banks have crashed and the Stock Market plunged. | Th...
No previous results
Next 20 results
World News - Slideshow
N.America Europe S.America Pacific Africa Asia
SPECIAL REPORTS:
Full StoryGlobal Economy
Full StoryWN Business
Full StoryFinance News
Full StoryBusiness FM
Full StoryPolitics
North America Daily Central America Daily South America Daily Africa Daily Australia Daily Asia News AgencyMiddle East Daily Europe Daily Scandinavia News
- Africa
- Arab World
- Asia
- Asia Pacific
- Australia & Oceania
- Caribbean
- Central America
- Europe
- Middle East
- North America
- Polar Regions
- Scandinavia
- South America

Business Hyderabad
Business Journal
Dialog Business
Finance Journal
Financial Services News
G8 Finance
Global Finance TV
Property Herald
Structured Asset Finance
Trade Diplomacy
World Finance Today
World Fund Management
World Taxation
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
Top  WN Network  Feedback Jobs Archive  Ads ©1998-2006 WN.COM
-->