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Obama and McCain exchange blows over economy (Reuters via Yahoo! News) On a day of fresh economic turmoil, Democratic presidential nominee Barack Obama accused Republican John McCain on Friday of trying to divide Americans and McCain said Obama was dodging legitimate issues.
US Congress committee calls financiers in expanded probe (AFP via Yahoo! News) A finance committee in the US Congress is to expand its probe into the causes of the financial crisis next week by calling on a number of leading investment managers to testify, a leading lawmaker announced Friday.
Corporate News: Metro Pacific raises funds to finance acquisitions (BusinessWorld Online) Metro Pacific Investment Corp. is issuing new shares and floating debt papers to pay off a loan and finance its takeover of a toll operator.
Trade finance booms amid global crisis (Washington Post) GENEVA (Reuters) - Business is booming in the trade finance market as exporters and importers return to a tried and tested form of credit amid the chaos of the financial crisis, bankers in the sector say.
KIT Finance Sold Off for $4 (St. Petersburg Times) MOSCOW — The country’s state railways and diamond monopolies on Wednesday stepped in to jointly buy 90 percent of KIT Finance, three weeks after the investment bank defaulted on its debt obligations amid the country’s stock market crash.
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