Bank of England warns of further risks in financial sector
London - The Bank of England (BoE) said in a report published Tuesday that losses suffered by global financial institutions since the credit crunch are estimated at 1.8 trillion pounds (2.8 trillion dollars). Governments around the world have spent m...

[ Published on : Wed, 29 Oct 2008 06:32 ]

Brown urges increase in IMF resources to halt financial contagion
London - British Prime Minister Gordon Brown Tuesday called for an increase in funding of the International Monetary Fund (IMF) to cut the risk of financial contagion and said China and oil-rich Gulf states should make the bulk of the contributions...

[ Published on : Wed, 29 Oct 2008 06:32 ]

Britains Brown opens tour of Gulf for financial backing
Riyadh - British Prime Minister Gordon Brown was due in Saudi Arabia later Saturday at the start of a four-day Gulf tour that will also take him to Qatar and the United Arab Emirates. Brown will attempt to win the backing of oil-rich Gulf nations in ...

[ Published on : Sat, 01 Nov 2008 12:36 ]

Brown calls Obama to discuss financial crisis, Iraq
London - Britains Prime Minister Gordon Brown spoke with US president-elect Barack Obama on the telephone,Browns offices said late Thursday in London. In the ten-minute conversation, the two leaders discussed the financial meltdown, the deployments...

[ Published on : Thu, 06 Nov 2008 08:39 ]