LIQUIDITY: Despite the rise in global stock markets after the US Fed cut its discount rate on Friday, Australia and Japan pumped in more money to quell investor worries
Japan's and Australia's central banks injected more funds into money markets yesterday, continuing a string of such injections meant to ensure market liquidity and calm investors' fears in the wake of the US subprime mortgage crisis.

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Japanese Prime Minister Shinzo Abe was scheduled to arrive in India yesterday -- the highest-level step yet in what analysts say is a long-term effort to balance, if not contain, China's growing economic and political might.

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TUG OF WAR: With Paramount dropping support for Blu-ray, Warner Bros remains the only major studio releasing movies in both formats while the others choose sides
Paramount Pictures and Dream-Works Animation SKG Inc will offer next-generation DVDs in the HD DVD format and drop support for Blu-ray, further complicating the race between the competing technologies.

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Hong Kong stocks rose, completing the Hang Seng Index's biggest two-day gain in more than six years, after the Chinese government said it would let some individual investors buy the city's securities.

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A two-day outage that left millions of Skype users unable to use the popular Internet phone call program was caused by an abnormally high number of restarts after people had downloaded a Windows security update through Microsoft Corp's automatic updates, the company said on Monday.

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