Washington - A key gauge of the US economy improved slightly in September, the first rise in five months despite an ongoing financial crisis and fears of a recession in the United States.
Berlin - While German banks began queuing up for a handout under the government's 500-billion-euro plan for shoring up the financial sector, rescue flags begun emerging across the lawn in front of the nation's parliament building, the Reichstag.
Swiss-born artist Enrico Centonze hopes to set up 500 flags altogether with each flag representing 100 billion euros of the rescue package that the government rushed through parliament last week.
"Art should always be a part of political life," said the 27-year-old artist.
Washington - A key gauge of the US economy improved slightly in September, the first rise in five months despite an ongoing financial crisis and fears of a recession in the United States.
The New York-based Conference Board's leading economic indicators rose by 0.3 per cent from August, led by improvements in consumer expectations and an increase in the real money supply.
Six of the 10 indicators that make up the index rose on the month. But key gauges including stock prices, construction and unemployment continued to fall.
Berlin - The German Government unveiled on Monday conditions for banks applying for financial support from its 480 billion-euro (645.46-billion dollar) bank rescue package as Berlin considers moves to help boost Europe's biggest economy in the face of an expected sharp global slowdown.
Singapore - Though the international financial system is still under significant stress, Singapore's markets remain stable and its banks face no funding difficulties in the interbank market, parliament was told Monday.
Nevertheless, the government decided last week to provide a guarantee of 150 billion Singapore dollars (101.62 billion US dollars) for deposits of individuals and non-bank customers in Singapore-based banks.
"If Singapore had not introduced a similar guarantee, there was a real risk that depositors would have shifted some of their deposits out of Singapore banks, to banks in other jurisdictions which guarantee deposits," Trade and Industry Minister Lim Hng Kiang said.
Riga/Tallinn - Estonia's consumer price index (CPI) rose 1.6 per cent in the third quarter of 2008, according to statistics released Monday.
Prices in the Baltic nation rose by 10.9 per cent compared to the previous third quarter.
The latest figures were mainly influenced by price increases of alcoholic beverages and tobacco, but were mollified by decreases in the price of fresh vegetables.
Estonia's annual inflation currently stands at 10.5 per cent, but appears to be on a downward trend after peaking earlier this year.
Berlin - While German banks began queuing up for a handout under the government's 500-billion-euro plan for shoring up the financial sector, rescue flags begun emerging across the lawn in front of the nation's parliament building, the Reichstag.
Washington - A key gauge of the US economy improved slightly in September, the first rise in five months despite an ongoing financial crisis and fears of a recession in the United States.
Berlin - The German Government unveiled on Monday conditions for banks applying for financial support from its 480 billion-euro (645.46-billion dollar) bank rescue package as Berlin considers moves to help boost Europe's biggest economy in the face of an expected sharp global slowdown.
Riga/Tallinn - Estonia's consumer price index (CPI) rose 1.6 per cent in the third quarter of 2008, according to statistics released Monday.
