Word: asian
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First and foremost was what I and the staff at my foundation perceived as this global need for an awareness program, an outreach program. Cancer is not an American issue or a South American issue or an Asian issue. It's truly a global issue...
After an epic five-day swoon, Asian stock markets stabilized Thursday as investors took heart from a string of worldwide interest-rate cuts aimed at lessening the risk of a global recession...
...China may cut rates two or three more times this year, Lu predicts, following a pattern established during the 1997 Asian financial crisis when the country used aggressive monetary policy to maintain economic growth. On Thursday Hong Kong, a Chinese territory, reduced its lending rate for the second time in two days, dropping it by 50 basis points to 2% amid what Monetary Authority chief Joseph Yam called "the financial crisis of this century...
...rate cuts' effect on Asian stock markets may not last as policymakers continue their search for a solution to the global financial crisis. According to a report in the New York Times, the U.S. Treasury Department is considering taking part ownership of U.S. banks, effectively guaranteeing the solvency of the country's financial system. Britain announced a similar plan to shore up shaky banks by helping them refinance debt in exchange for ownership stakes. That move toward partial nationalization of the banking system underscores just how deep - and how apparently uncontrollable - the financial panic has become. With few tools left...
...balance sheets may actually be. The market is also mulling the impact of the government's stipulation that banks participating in the scheme must restrict executive pay and dividends to other shareholders. The voluntary nature of the scheme is also problematic, says a City fund manager based at an Asian-owned bank. "It would have removed more uncertainty if the government had just applied the plan to the banks across the board," she says. "Now we have to worry about which banks might need to participate, which managements will admit this, and how damaging it will be to admit needing...