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All october 2008 news

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Cash-strapped Belarus seeks Russian help in crisis

MOSCOW, Oct 25 (Reuters) - Belarussian President Alexander Lukashenko, seeking extra funds to help his ex-Soviet state ride out the global financial crisis, held talks with traditional ally Russia on Saturday.  Full Story  
Yesterday, 23:41 | Reuters

Bush urges patience in economic crisis

WASHINGTON, D.C -- Now is not the time for countries to abandon open market policies or make changes that would threaten free enterprise, President Bush said Saturday.  Full Story  
Yesterday, 20:51 | Associated Press

Europe, Asia endorse IMF plans to aid stricken economies

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.  Full Story  
Yesterday, 15:39 | Associated Press

Bush welcomes Albania, Croatia into NATO

WASHINGTON (AP) — President Bush signed papers Friday to formally declare U.S. support of NATO membership for Albania and Croatia — two countries that he said were once in the "shackles of communism."  Full Story  
Yesterday, 15:18 | Associated Press

IMF changes loan programs for troubled countries

WASHINGTON (AP) - The International Monetary Fund is revising its loan programs to make them better suited to members facing financial difficulties, but no decision has been made on what form any emergency loan program would take, IMF sources said Friday.  Full Story  
Yesterday, 14:00 | Associated Press

Storm clouds hang over Sochi Olympics

MOSCOW (AP) - With Russia mired in its worst financial crisis in a decade, the Kremlin is throwing boom-time profits at its problems. But as the coffers empty out, concerns are mounting for the government's pet project -- the Winter Olympics in Sochi, just six years from now.  Full Story  
Yesterday, 13:29 | Associated Press

Ukraine liberalizes currency market

(AP) - Ukraine's central bank will let the official exchange rate for its currency move closer to the market's exchange rate, fulfilling a key condition to receive an International Monetary Fund loan, officials said Friday.  Full Story  
Yesterday, 10:32 | Associated Press

Markets in tailspin, recession looms

NEW YORK (Reuters) - Wall Street joined a global market rout on Friday that kicked off in Japan, led Russia to suspend trading and sent oil and other commodities tumbling on fears of a deep worldwide recession.  Full Story  
Yesterday, 10:07 | Reuters

Russia says U.S. sanctions will hurt relations

MOSCOW (Reuters) - Russia accused Washington on Friday of breaking international law and weakening cooperation on Iran's nuclear program after it imposed sanctions on companies accused of passing sensitive technology to Tehran.  Full Story  
Yesterday, 09:36 | Reuters

IMF talks imperiled unless parliament acts.

(Reuters) - Ukraine's talks to secure credit from the International Monetary Fund could collapse unless parliament acts to pass measures to ease the effects of the global financial crisis, the chamber's chairman said on Oct. 24.  Full Story   24 October, 23:41
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Quote of the day:

"These are mutually inter-connected things and today no one can fool anybody, excuse me for saying."   Acting speaker, Arseniy Yatsenyuk

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