International Business News - Crisis http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Wall Street investment companies are borrowing from the Federal Reserve's emergency lending program at a fairly steady pace. The Federal Reserve said in a report Thursday that those firms averaged $16.6 billion in daily borrowing over the past week. That compared with $16.5 billion in the previous week. In the prior five weeks, investment firms had reduced their borrowing from the central bank. http://www.ibtimes.com/articles/20080515/investment-firms-borrowing-at-fairly-steady-pace.htm Thu, 15 May 2008 16:35:20 EDT The Federal Reserve has auctioned $7.2 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit stresses. http://www.ibtimes.com/articles/20080515/fed-auctions-7-2b-in-treasurys-to-ease-credit-stress.htm Thu, 15 May 2008 14:50:45 EDT The Federal Reserve has auctioned $7.2 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit stresses. http://www.ibtimes.com/articles/20080515/fed-auctions-7-2b-in-treasurys-to-ease-credit-stresses.htm Thu, 15 May 2008 14:38:18 EDT Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday. http://www.ibtimes.com/articles/20080515/bernanke-banks-must-get-better-at-foreseeing-risk.htm Thu, 15 May 2008 11:30:00 EDT Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday. http://www.ibtimes.com/articles/20080515/bernanke-banks-need-to-bolster-risk-management.htm Thu, 15 May 2008 09:56:18 EDT Federal Reserve Chairman Ben Bernanke says commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles. http://www.ibtimes.com/articles/20080515/bernanke-banks-need-to-bolster-risk-management.htm Thu, 15 May 2008 09:29:05 EDT A five-year farm bill in Congress this week does little to address the growing global food crisis. Instead, it diverts money that could be spent feeding poor children abroad to give more subsidies for U.S. farmers now enjoying record high crop prices and incomes. http://www.ibtimes.com/articles/20080513/farm-bill-has-little-aid-for-needy-children-abroad.htm Tue, 13 May 2008 14:46:34 EDT Federal Reserve Chairman Ben Bernanke says turmoil in financial markets has eased, but the situation is still not back to normal. The central bank has taken a number of unconventional steps, especially since March, when the credit crisis intensified, to help banks and big investment firms overcome problems and try to get credit flowing more freely again. http://www.ibtimes.com/data/articleimgs/45883-bernanke.jpg http://www.ibtimes.com/articles/20080513/bernanke-financial-turmoil-markets-easing.htm http://www.ibtimes.com/articles/20080513/bernanke-financial-turmoil-markets-easing.htm Tue, 13 May 2008 08:20:37 EDT Liberia banned all food exports Monday, saying profiteers have been taking advantage of its cheap rice prices to truck the grain _ already in short supply in Liberia _ to neighboring countries to sell at higher prices. http://www.ibtimes.com/articles/20080512/liberia-bans-food-exports-to-protect-rice-supply.htm Mon, 12 May 2008 13:41:09 EDT The Dominican Republic has expanded subsidies on basic food staples to maintain calm after deadly food riots recently struck neighboring Haiti. Trucks loaded with milk, chicken, eggs and other food staples have been rumbling across the Caribbean nation, where almost half of 9.5 million residents live in poverty. http://www.ibtimes.com/articles/20080510/dominican-republic-ups-food-subsidies.htm Sat, 10 May 2008 21:48:33 EDT An international banker nominated to be Haiti's next prime minister said Friday that Haiti must concentrate on long-term strategies to help the millions pushed deeper into misery by higher food prices. http://www.ibtimes.com/data/articleimgs/45154-haiti-food-crisis.jpg http://www.ibtimes.com/articles/20080509/haitis-pm-nominee-sees-no-quick-fixes.htm http://www.ibtimes.com/articles/20080509/haitis-pm-nominee-sees-no-quick-fixes.htm Fri, 09 May 2008 20:18:44 EDT Wall Street investment companies are reducing their borrowing from the Federal Reserve's emergency lending program. The Federal Reserve said in a report Thursday that those firms averaged $16.5 billion in daily borrowing over the past week. That compared with $18.6 billion in the previous week. http://www.ibtimes.com/articles/20080508/investment-cos-reduce-emergency-borrowing-from-fed.htm Thu, 08 May 2008 16:38:41 EDT The Federal Reserve has auctioned $28.77 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit problems. http://www.ibtimes.com/articles/20080508/fed-auctions-28-77b-in-treasurys-to-ease-credit-problems.htm Thu, 08 May 2008 14:47:02 EDT The Federal Reserve has auctioned $28.77 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit problems. http://www.ibtimes.com/articles/20080508/fed-auctions-28-77b-in-t-bills-to-ease-credit-problems.htm Thu, 08 May 2008 14:41:18 EDT Science has provided the souped-up seeds to feed the world, through biotechnology and old-fashioned crossbreeding. Now the problem is the dirt they're planted in. http://www.ibtimes.com/data/articleimgs/44817-food-crisis-soil.jpg http://www.ibtimes.com/articles/20080508/overlooked-in-the-global-food-crisis-a-problem-with-dirt.htm http://www.ibtimes.com/articles/20080508/overlooked-in-the-global-food-crisis-a-problem-with-dirt.htm Thu, 08 May 2008 13:09:01 EDT Nigeria on Wednesday announced it was suspending import duties and other taxes on rice while launching a raft of other measures to head off a food crisis in Africa's most populous nation. http://www.ibtimes.com/articles/20080507/nigeria-lifts-tax-on-rice-in-bid-to-head-off-food-crisis.htm Wed, 07 May 2008 16:37:06 EDT House lawmakers passed a bill to help struggling homeowners caught up in the subprime mortgage mess. The bill passed on a 124-24 vote Monday night. It now moves to the Senate. http://www.ibtimes.com/articles/20080506/conn-house-passes-mortgage-relief-bill.htm Tue, 06 May 2008 14:04:35 EDT The Federal Reserve has auctioned another $75 billion in loans to squeezed banks. It is part of an ongoing effort to relieve stressed credit markets. Counting the latest results, the central bank has provided a total of $435 billion in short-term loans to commercial banks through 11 auctions conducted since December. The latest auction was held Monday, with the results announced Tuesday. http://www.ibtimes.com/articles/20080506/fed-auctions-75-billion-to-banks-to-ease-credit-stresses.htm Tue, 06 May 2008 10:01:05 EDT U.N. Secretary-General Ban Ki-moon says he is moving "at full speed" pushing efforts to tackle the world food crisis. Ban says he will hold the first meeting of a U.N. task force on the issue next Monday. http://www.ibtimes.com/articles/20080505/un-chief-says-he-is-moving-at-full-speed-on-food-crisis.htm Mon, 05 May 2008 17:30:20 EDT Growing concerns about food security could spur renewed efforts to liberalize global trade, Australia's trade minister says. If the global community wants to help solve the food crisis, it must liberalize markets so that people can trade available surpluses more freely, Minister Simon Crean said on the sidelines of a meeting of Southeast Asian trade officials. http://www.ibtimes.com/articles/20080505/food-crisis-could-spur-global-trade-talks.htm Mon, 05 May 2008 03:45:29 EDT