Tuesday 16th December, 2008

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Lending agencies to be more flexible

International lending agencies such as the International Monetary Fund (IMF) and the World Bank will be more flexible in assisting countries affected by the credit crunch than they were in the 1980s and 1990s, said noted economist Nouriel Roubini.

Wall Street stumbles on bleak news

Facing bleak new data from America’s manufacturing sector, Wall Street stumbled yesterday as the US central bank, the Federal Reserve, sat down for a two-day meeting that may conclude with yet another cut in interest rates.

Advances match declines

Six active securities recorded a total trade volume of 60,087 shares and trade value of $1.48 million.

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