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Balloon boy’s comment raises doubts of staged drama

Saturday 17 October '09

It was a heartwarming tale — the 6-year-old Colorado boy who was apparently carried aloft in a wayward helium balloon on Thursday, only to turn up several hours later after a frantic, widely televised search....
Bonuses put Goldman in public relations bind

Saturday 17 October '09

A celebrated Goldman Sachs partner, Gus Levy, coined the maxim that long defined the bank, the savviest and most influential firm on Wall Street: “Greedy, but long-term greedy.”....
BofA posts $1 bn loss in Q3

Saturday 17 October '09

Bank of America reported a third-quarter loss on Friday, releasing results that showed a bank burdened by credit card delinquencies and mortgage defaults....
Young, fast-moving rivals erode high temple of American capitalism

Friday 16 October '09

For most of the 217 years since its founding under a buttonwood tree on Wall Street, the New York Stock Exchange was the high temple of American capitalism Behind its Greco-Roman facade....
Bank results show new order on Wall St

Friday 16 October '09

Earnings reports from Goldman Sachs, Citigroup highlight political, financial obstacles facing each bank....
In recession, China sails high on trade winds

Thursday 15 October '09

With the global recession making consumers and businesses more price-conscious, China is grabbing market share from its export competitors....
JPMorgan Chase posts profit of $3.6 billion on trading, new deals

Thursday 15 October '09

JP Morgan Chase said Wednesday that its profit surged to $3.6 billion in the third-quarter from strong trading results and a flurry of new deals
Nobel for governance economics

Tuesday 13 October '09

In a departure from prevailing economic theory, the Nobel Memorial Prize in Economic Science was awarded Monday to two social scientists...
The real peace prize will be elusive

Tuesday 13 October '09

From the rooftop of a mud house overlooking the Shomali Plain, the white explosions in the distance and the red streak of artillery fire...
Switzerland as a haven will never be the same

Tuesday 13 October '09

Vladimir Lenin, Charlie Chaplin and Marc Rich found refuge in Switzerland. So did Roman Polanski, or so he thought up until he...
Mullah Omar comeback a vexing challenge for US

Sunday 11 October '09

In late 2001, Mullah Muhammad Omar’s prospects seemed utterly bleak. The ill-educated, one-eyed leader of the Taliban had fled on a motorbike after his fighters were swiftly routed by the Americans invading Afghanistan.....
Of the 205 names, Obama ‘most visible’

Sunday 11 October '09

The five-member Norwegian Nobel committee spent seven months winnowing the dossiers on dissident monks, human rights advocates, field surgeons and other nominees — 205 names in all.....
And Peace Nobel goes to... Obama!

Saturday 10 October '09

Barack Obama was awarded the Nobel Peace Prize Friday for “extraordinary efforts to strengthen international diplomacy and cooperation,” a stunning surprise less than nine months into his presidency....
Cheer, scepticism greet Obama’s Nobel news

Saturday 10 October '09

No one else more deserving, says ElBaradei; should get prize for violence, say Taliban....
Twice in 2 years: Mission in Kabul targeted again

Friday 9 October '09

A car packed with explosives blew up beside the Indian Embassy today, leaving at least a dozen dead in what India’s Foreign Secretary...
Afghan war strategy to focus on Qaeda in Pak

Friday 9 October '09

US President Barack Obama’s national security team is moving to reframe its war strategy by emphasising the campaign against al-Qaeda in Pakistan...
Central banks hold rates steady

Friday 9 October '09

The European Central Bank and the Bank of England kept their benchmark interest rates steady on Thursday as they assess whether current...
India-born ‘Venki’ among three Chemistry Nobels

Thursday 8 October '09

Three researchers whose work delves into how information encoded on strands of DNA is translated by the chemical complexes known as ribosomes...
And the 2009 Booker goes to Hilary Mantel for Wolf Hall

Thursday 8 October '09

Hilary Mantel won the 41st annual Man Booker Prize on Tuesday night for Wolf Hall, a historical novel about Henry VIII’s court centered on the king’s adviser, Thomas Cromwell.
US commander in W Asia being treated for prostate cancer

Wednesday 7 October '09

General David H Petraeus, the commander of American military forces in West Asia, received a diagnosis of early-stage prostate cancer in February...
Accidental warlord

Tuesday 6 October '09

Mohamed Aden left a health care business in Minnesota to build a bandit-free enclave of peace—with a police force, new businesses, new schools and new rules—in war-torn Somalia....
The art of blackmail

Tuesday 6 October '09

Why David Letterman went on the offensive against his blackmailer and did not try to buy silence
With revenue shrinking, offshore haven considers a heresy: Taxation

Tuesday 6 October '09

What happens to a tax haven when it has to raise taxes? The Cayman Islands may soon find out. Caught in a vise of shrinking revenue and stubbornly high public spending....
Treasury may have misled public on US bank bailouts

Tuesday 6 October '09

The inspector general who oversees the government’s bailout of the banking system is criticising the Treasury Department for some misleading public statements....
Sugary Tamiflu for children hit by H1N1 virus

Monday 5 October '09

With the liquid children’s version of Tamiflu in short supply, pharmacists are making their own children’s version.
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