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Slovak parliament approves unlimited savings guarantees

Bratislava - The Slovak parliament Friday voted to provide unlimited guarantees for bank deposits of individuals and select small businesses.

The government proposal passed 130-1, while nine lawmakers abstained.

The amendment requires presidential approval and will come to force upon publication in the country's legal code.

Germany and Austria vowed earlier they also planned to provide unlimited savings protection.

Slovakia currently protects 90 per cent of deposits up to 600,000 Slovak koruny (24,560 dollars).

Asian stock markets dive on renewed recession fears

Asian Stock MarketTokyo - Defying an overnight rise on Wall Street, Asian stocks, led by Tokyo and Seoul, plummeted Friday on renewed fears of worldwide recession.

Japan's benchmark Nikkei 225 Stock Average lost nearly 10 per cent of its value, tumbling below 8,000 for the first time since May
2003, on indications the global financial crisis was beginning to hit the nation's exporters.

The Nikkei shed 811.9 points, or 9.6 per cent, to close at 7,649.08.

The broader Topix index of all first-section issues plunged 65.59 points, or 7.52 per cent, to 806.11.

Singapore sees share sell-off, market plunges 8.33 per cent

Singapore - Investors shed their shares Friday from the opening bell at the Singapore Exchange for fears of the global downturn's impact on corporate performances and the fate of developing economies.

The Straits Times Index crashed to 1591.48 points towards the closing bell but made a slight flip to close at 1600.28, down by a huge 145.39, or 8.33 per cent.

The STI has lost 278 points this week, having settled at 1878.51 at last Friday's close. The Singapore Exchange ended the day with 513 counters suffering losses and just 90 gainers. Trading volume totaled 1,208.5 million shares.

AIADMK members demand Karunanidhi''s arrest

M KarunanidhiChennai, Oct 24 : The All India Anna Dravida Munnetra Kazhagam (AIADMK) on Friday staged a walkout from the Rajya Sabha demanding arrest of Tamil Nadu Chief Minister M Karunanidhi over his alleged support to the separatist LTTE in Sri Lanka.

As soon the proceedings began, AIADMK members raised slogans demanding dismissal of the Tamil Nadu Government and arrest of Karunanidhi.

Chairman Hamid Ansari, however, disallowed their move and said that the Question Hour should be taken up.

With Ansari disallowing their move, AIADMK members staged a walkout from the House.

Blame game over Dr Haneef “terrorism case” breaks out Down Under

Mohamed HaneefSydney, Oct 24 : The Australian Federal Police (AFP) have reportedly passed the obligation of charging Dr Mohamed Haneef with terrorism on to the Commonwealth Director of Public Prosecutions (CDPP).

In a submission to the Clarke inquiry into the case, the AFP said that while the decision to charge Dr Haneef ultimately rested with it, the CDPP’s legal advice was “a fundamental factor” in the decision-making process to charge Dr Haneef.

Thai share plunge almost 7 per cent on panic selling

Thailand Stock MarketBangkok - Thai share values plunged 6.96 per cent in value on Friday as panic selling seized the region, analysts said.

The Stock Exchange of Thailand (SET) index ended at 432.87, down 32.37 points or 6.96 per cent.

"There was panic selling in tune with the trend in other Asian markets," said Phuwadol Larpudomsuk, an analyst at Asia Plus Securities.

Thailand's uncertain political scene also played a role. Another confrontation between anti-government protestors and anti-anti-government protestors is expected over the weekend.

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