China vows to help Pakistan tackle economic woes

China Premier Wen Jiabao pledged to help Pakistan overcome its economic troubles, Chinese state media reported on Thursday, though details of the assistance were not disclosed. Pakistani President Asif Ali Zardari was

Metals, grains, oil slide on recession fear

Copper hit a 33-month low, gold tumbled and oil slid further on Thursday as prices of industrial materials and other commodities were undermined by growing fears of global recession. Oil slumped to

Pressure on G7 as financial chaos continues

Here is a chronology of the recent global market chaos: Sept. 14/15 – Investment bank Lehman Brothers Holdings Inc files for bankruptcy protection; Merrill Lynch & Co Inc to be taken over