Dubai - Amid the global financial crisis, Dubai ruler Sheikh Mohamed bin Rashid al-Maktoum ordered a further 19 billion dollars to be pumped into the national banking sector to boost liquidity, the Emirates news agency WAM reported on Tuesday.

The decision raised the amount of money that has been pumped into the banking sector to 32.7 billion dollars over the last month.

The UAE Central bank, along with the Ministry of Finance, are to inject the money into the national banking sector.

London- The recovery of the London stock market continued into a second day Tuesday as co-ordinated efforts to stabilize the financial sector pushed the Financial Times Share Index (Footsie) 4 per cent higher in early trading.

The Footsie rose by 157 points to 4,413.9 points during morning trading, but the shares of of leading banks remained volatile after the bail-out plans announced Monday.

Royal Bank of Scotland, which is in line to receive 20 billion pounds (35 billion dollars) under the cash injection scheme, was up 5 per cent, while Barclays' shares rose by

Washington, Oct 14 : Shaukat Tareen, the Financial Adviser to Pakistan Prime Minister, has allayed fears of Pakistan going bankrupt, saying that debt repayments amounting to nearly 500 million dollars were not due until next year.

He maintained that Pakistan was emerging as a strong country from economic point of view, and that there was “no threat of Pakistan getting bankrupt”, reported The News.

Washington - The Treasury Department was expected to announced later Tuesday that it will buy stakes worth a total of 250 billion dollars in nine major US banks in a further effort to stabilize financial markets.

Numerous reports citing both banking industry sources and government officials had an announcement expected before Tuesday's US stock market opening on Wall Street.

European governments on Monday announced plans to take similar bank stakes.

Paris - With investors apparently encouraged by the wide-ranging bank rescue plan announced by euro-zone leaders late Sunday, French shares rebounded strongly on Monday.

In mid-afternoon, the CAC 40 index was up a healthy 7.43 per cent, to 3,412.58, with 39 of 40 listed stocks gaining ground.

The surge was led by industrials, on the belief that credit would flow again to businesses and consumers.

Steel giant ArcelorMittal was up 17.86 per cent, to 25.83 euros, while energy supplier GDF Suez gained 16.77 per cent, to 28.37 euros.