UK Today Editoweb 7 october septembre 2008

Bernanke says Fed must review stand on rates

The Federal Reserve must consider whether its current interest rate policy "remains appropriate" in view of exceptional market turmoil, chairman Ben Bernanke said Tuesday amid swirling speculation about a need for rate cuts.

Dubai property developers upbeat despite overheating warnings

Property developers in Dubai remain upbeat about the growth of the sector, which has seen prices rocket in recent years, despite warnings of overheating and the global financial turmoil.

Merkel says 'strong' Germany can handle financial crisis

German Chancellor Angela Merkel said Tuesday that the long-term consequences of the global financial crisis were uncertain but that she was confident the "strong" German economy would survive.

US takes on corporate debt as Europe reels with new rescues

The United States opened up a major new front in the battle against financial turmoil Tuesday, sucking up huge amounts of corporate debt as European governments staged new rescues and nationalisations.

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