Washington - The world's top economic powers hoped that a guarantee to take action on the financial crisis would be enough to stop a global sell-off in stocks as they kicked off a meeting at the US Treasury on Friday.
But finance ministers and central bank heads from the Group of Seven (G7) industrial nations were reluctant to offer a common, cross-border solution to shore up banks on the brink of bankruptcy in their own countries.
Washington - The United States praised Martti Ahtisaari for dedicating his life to ending conflicts around the world after the former Finnish president won the Nobel Peace Prize on Friday.
"The United States warmly congratulates President Ahtisaari and commends the Nobel Committee for its wise decision to award the Nobel Prize to Martti Ahtisaari," State Department spokesman Sean McCormack said.
Caracas - Venezuelan tax authorities have forced the 115 McDonald's fast-food restaurants in the South American country to close shop for 48 hours until late Saturday, due to irregularities in their accounting.
David Cabello, head of the Venezuelan tax office Seniat, said late Thursday that the authorities detected "inconsistencies in the purchases and sales books relative to the Value Added Tax (VAT), following procedure to verify formal obligations."
Washington - President George W Bush sought to assure the world that the US government was doing all it could to keep the world's largest economy afloat as global stocks were in free-fall on Friday.
Bush said a "startling" drop in US stocks in the last few days was being "driven by uncertainty and fear," and insisted the US already had all the tools necessary to resolve the financial crisis.
Washington- US stocks dropped sharply within minutes of opening on Wall Street Friday, but rallied just as quickly amid widespread uncertainty over the state of the US economy.
The Dow Jones Industrial Average plunged more than 600 points, briefly falling below 8,000 points, before paring nearly two-thirds of those losses. The blue-chip Dow was back to a less than
Washington - The world's top economic powers hoped that a guarantee to take action on the financial crisis would be enough to stop a global sell-off in stocks as they kicked off a meeting at the US Treasury on Friday.
Washington - The United States praised Martti Ahtisaari for dedicating his life to ending conflicts around the world after the former Finnish president won the Nobel Peace Prize on Friday.
Caracas - Venezuelan tax authorities have forced the 115 McDonald's fast-food restaurants in the South American country to close shop for 48 hours until late Saturday, due to irregularities in their accounting.
Washington - President George W Bush sought to assure the world that the US government was doing all it could to keep the world's largest economy afloat as global stocks were in free-fall on Friday.
Washington- US stocks dropped sharply within minutes of opening on Wall Street Friday, but rallied just as quickly amid widespread uncertainty over the state of the US economy.
Washington, Oct. 10 : India and the United States will sign the landmark bilateral nuclear cooperation accord in Washington on Friday night.
