Following the collapse of the Lehmann Brothers invetment bank US President George W.
Bush has said the US economy is healthy enough to withstand the impact of the "painful" events of the financial markets. Bush said that his administration was working to reduce disruptions and minimize the Latest Poland-US Talks Could See Missile-Shield Breakthrough ...
Correspondent confirms Russian tanks in Gori ...
SAARC leaders discuss security, food ... impact of these financial market developments on the broader economy. Lehman Brothers declared itself bankrupt Monday triggering large losses on European and Asian stock markets. Meanwhile, the Bank of America has agreed to buy investment bank Merrill Lynch for 50 billion dollars in a transaction that creates the world's largest financial services company.
(Deutsche Welle)
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