As always Fahed El Fanek is in his own lala world . It was ironic that his opinion piece coincided with an interview by alrai with the minister of finance where he was forthcoming about the difficulties that the Jordanian economy faces. It comes down t...
Two U.S. banks fail, first casualties in 2009
Reuters - Bank regulators closed two small banks on Friday, the first U.S. banks to fail this year but the latest in an upsurge that began last year as the struggling economy and falling home prices took their toll on financial institutions
World stocks tumble
Reuters - World stocks hit a one-month low on Thursday while the yen rallied and Japanese bond futures rose to their highest since Lehman Brothers collapsed in September as concerns grew over the banking sector and the broader economy.
Asian shares recover, but confidence lags
Reuters - Asian shares recovered on Wednesday from a steep five-day sell-off and oil rose on expectations for production cuts, though the mood remained cautious given nagging worries about the economy and earnings.
Alcoa reports loss as economy hits demand
Reuters - Aluminum producer Alcoa Inc , which is slashing 15,000 jobs, posted a fourth-quarter loss on Monday, as the global economic crisis sent revenue plummeting on lower demand and declining metal prices.