Saudi Arabia cuts key interest rate by one percent: TV

AFP - DUBAI (AFP) - Saudi Arabia has announced that it is slashing its key interest rate by one percentage point to 3.0 percent in response to softening inflationary pressures, Al-Arabiya news...

5 injured during protest in Iceland over economic meltdown

CBC - At least five people were injured in Iceland's capital Saturday during a protest over the country's economic meltdown.

Curtain call for Bush as trade summit wraps

AFP - LIMA (AFP) - Asia-Pacific leaders on Sunday were to wrap up a summit in which they vowed a united front against the world finance crisis but with bold initiatives looking unlikely to emerge...

Islamic finance yet to capture Germany's imagination

AFP - FRANKFURT (AFP) - Despite a huge potential client base, Germany has proven reluctant to adapt its legal and tax systems to attract Islamic finance, which has enjoyed stellar success in...

Investor fear remains deep despite 1-day rally (AP)

Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep...