CAIRO - OPEC and Asian energy officials called on Sunday for new oil investments and tougher measures to combat speculation in crude markets that some have argued helped fuel last year's oil price spike.
LONDON - STATE-OWNED British bank Northern Rock will be sold before the end of the year, the Sunday Times newspaper reported, without citing its source.
The British government, which has pumped billions of pounds into troubled banks since the credit crunch erupted in late 2007, wants to retrieve some of its money, according to the weekly newspaper.
CAIRO - QATAR has set aside about US$150 billion (S$223 billion) for various projects over the next four years and stands ready to inject funds into local companies hit by the global economic meltdown, the energy rich Gulf nation's prime minister said in comments published on Sunday.
WASHINGTON - THE IMF says it is time to talk exit strategies since all members now endorsed stimulus measures taken to combat the global financial crisis and the need to clean up banks' bad assets.
'Everybody is happy with what has been done on fiscal stimulus ... all agree on the absolute necessity of cleansing the financial system,' the head of the International Monetary Fund, Dominique Strauss-Kahn said.
