GRIM OUTLOOK: The former US Fed Reserve chairman says that the probability of a US recession now stands at more than 33 percent, with big price declines following
The fall in US house prices triggered by the subprime credit crisis will likely be bigger than expected, former US Federal Reserve chairman Alan Greenspan warned in an interview published yesterday.

[ FULL STORY ]

POSITIONING: Analysts agree that Wargurg Pincus LLC's investment in a struggling panel maker represents a very good opportunity to enter the LCD panel market
By Lisa Wang
With new capital from US private equity fund Wargurg Pincus LLC, struggling Chunghwa Picture Tubes Ltd (中華映管) will be able to remain operational for a while, but analysts said yesterday that the measure was a short-term bailout and hoped to see more aggressive restructuring efforts.

[ FULL STORY ]

A trade delegation organized by the Ministry of Economic Affairs and the Taiwan External Trade Development Council (TAITRA) arrived in Panama on Sunday to conduct procurements and examine the investment climate of the Central American country.

[ FULL STORY ]

RIGHT BALANCE: After meeting France's finance minister, the US treasury secretary said that the US and world economies had gained from innovative financial products
US Treasury Secretary Henry Paulson said yesterday that regulators should not rush to impose new rules on financial markets in reaction to the recent credit crisis.

[ FULL STORY ]

Three people suffered minor burn injuries in eastern India when the battery of a Nokia mobile phone exploded while it was being charged, police said yesterday.

[ FULL STORY ]

By Angelica Oung and Kevin Chen
The Council of Labor Affairs has given the green light to 10 investment trust companies to manage the government's NT$30 billion (US$906 million) labor pension funds, the council said on Saturday.

[ FULL STORY ]

By Kevin Chen
Union representatives from several state-run banks yesterday petitioned lawmakers and government officials to delay the consolidation of state banks.

[ FULL STORY ]

Singapore's exposure to US subprime mortgage markets is small and contained, officials said yesterday, but warned that a resulting slowdown in major economies will affect the city-state's growth.

[ FULL STORY ]

Shares fall ahead of meeting
[ FULL STORY ]