Asian stock prices have dropped in line with markets in the United States after President Obama announced plans for new limits on how banks invest. Benchmark indexes in Australia, Hong Kong, Japan, and Seoul fell up to two and a half percent Friday....
The small Southeast Asian nation Laos has for the first time held the Southeast Asian Games, gaining prestige and an economic boost. The landlocked nation's growth is dependent on exporting natural resources but Laos increasingly looks to tourism to...
George Soros -- the financial crocodile George Soros wants to be the Bono of the financial world. The speculator whose assault on sterling ejected Britain from the European exchange rate mechanism that September of 10 years ago has a mission--to u...
A new report by the Organization for Economic Cooperation and Development, the OECD, warns protectionism will worsen the global financial crisis. The report analyzes six emerging countries and shows how their economies boomed after they opened their...
U.S. President Barack Obama is in the midst of his first trip in office to California - one of the states hardest hit by the economic recession. Mr. Obama planned the visit to highlight his strategy to rebuild the economy, but the trip is being over...
The head of the International Monetary Fund, Dominique Strauss-Kahn, said Tuesday that the hard-won income gains in Sub-Saharan Africa during the past decade could be wiped out by the still unfolding global financial crisis. In a new study, the IMF...
The U.S. presidential race between Democrat Barack Obama and Republican John McCain remained focused on the economy Monday, following congressional rejection of a bailout plan for the U.S. financial system. VOA National Correspondent Jim Malone repo...
U.S. lawmakers are continuing talks on a massive rescue plan for America's struggle financial services industry. VOA White House Correspondent Scott Stearns reports, U.S. President George Bush is facing opposition from members of his own party who o...
A team of American investors currently touring Africa looking for opportunities says the U.S. financial crisis could sharply restrict western investment in emerging economies. But VOA correspondent Peter Heinlein in Addis Ababa reports Africa's best...
The White House and the U.S. Congress are inching closer to a financial rescue deal, but no final agreement is in hand. VOA's Paula Wolfson reports President Bush met Thursday with the two major party presidential candidates and Congressional leader...