AFP Finance News Copyright (c) 2004 Yahoo!AUNZ Inc. All rights reserved. http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/financenews/afp_index.html AFP Finance News en-us Mon, 8 Sep 2008 02:47:03 GMT US govt to detail Fannie Mae, Freddie Mae intervention http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080907/33/1xu99.html Mon, 8 Sep 2008 00:35:02 GMT WASHINGTON (AFP) - The US government was preparing a massive intervention Sunday in Fannie Mae and Freddie Mac in an effort to shore up the two ailing mortgage finance firms that underpin trillions of dollars in loans and are a linchpin the financial system. Iran wants OPEC output cut to target quotas http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080907/33/1xu5a.html Sun, 7 Sep 2008 21:39:08 GMT TEHRAN (AFP) - Iran said on Sunday that OPEC members should cut output to the agreed target quotas in the face of falling oil prices, two days before the cartel meets in Vienna, state-run IRNA news agency reported. Iran's inflation tops 27% http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080907/33/1xu03.html Sun, 7 Sep 2008 19:24:54 GMT TEHRAN (AFP) - Iran's inflation hit 27.6 percent in the calendar month of Mordad that ended August 21, the central bank said Sunday, as Iranians were again battered by rising prices of basic foodstuffs and goods. Detroit's sputtering Big Three turn to Washington for help http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080907/33/1xtz6.html Sun, 7 Sep 2008 14:13:48 GMT DETROIT (AFP) - Battered by weak sales, declining market share and miserable credit ratings, Detroit's Big Three automakers are now turning to the US government for help. Baghdad's current problem: regulating private power http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080907/33/1xtz5.html Sun, 7 Sep 2008 14:12:34 GMT BAGHDAD (AFP) - Iraq's capital throbs to the hum of thousands of polluting generators, but now the authorities in Baghdad want to regulate the private power network that has developed amid the ruins of the public grid. Tension grows between Porsche and VW ahead of takeover http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080907/33/1xtz4.html Sun, 7 Sep 2008 14:014:50 GMT FRANKFURT (AFP) - Time is running out and tension is growing: McCain backs government takeover of mortgage giants http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xteg.html Sun, 7 Sep 2008 09:34:24 GMT ALBUQUERQUE, New Mexico (AFP) - Republican presidential hopeful John McCain backed a government takeover of two mortgage giants Saturday while his Democratic rival warned that taxpayers should not bail out their shareholders. Economic squeeze in Europe has hit 'rock bottom': ECB's Trichet http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xt5u.html Sun, 7 Sep 2008 06:51:49 GMT ROME (AFP) - The president of the European Central Bank said Saturday that the economic squeeze has & quot;hit rock bottom, & quot; telling Italian television that he expects a & quot;gradual revival & quot; over the course of 2009. Boeing machinists strike after talks collapse http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xrzq.html Sun, 7 Sep 2008 06:43:05 GMT NEW YORK (AFP) - Boeing machinists took to the picket line on Saturday as they launched a strike that has halted production and could cost the US aerospace giant more than 100 million dollars per day. Consultants value Serbian oil monopoly at 2.2 bln euros http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xt5s.html Sun, 7 Sep 2008 06:23:26 GMT BELGRADE (AFP) - Serbia's oil monopoly NIS, set to be sold to Russian giant Gazprom, is worth 2. Ferrovial sells Belfast airport to ABN Amro fund http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xt5q.html Sun, 7 Sep 2008 05:16:18 GMT MADRID (AFP) - Spanish construction and infrastructure group Ferrovial said Saturday it had sold Belfast airport to a fund operated by Dutch bank ABN Amro for 132.5 million pounds (164.2 million euros). Swedish fund pressuring Daimler to hive off trucks: report http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xssz.html Sun, 7 Sep 2008 02:38:19 GMT BERLIN (AFP) - German car maker Daimler will not countenance any move to hive off its truck and van division, a spokesman said Saturday in response to reports that it is under pressure from a Swedish investment fund. 'Fruitful' talks but no deal to save India's cheap-car plant http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xsge.html Sun, 7 Sep 2008 01:53:05 GMT KOLKATA, India (AFP) - Talks to end violent protests over a factory in eastern India to manufacture the world's cheapest car ended Saturday with no breakthrough. Japan's Nomura eyes Lehman bid: report http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xs4a.html Sat, 6 Sep 2008 14:32:36 GMT TOKYO (AFP) - The president of Japan's biggest brokerage house Nomura Holdings said the company was considering buying a stake in troubled US investment bank Lehman Brothers, a report said Saturday. US government to take over mortgage giants: reports http://au.rd.yahoo.com/finance/news/rss/afp/*http://au.biz.yahoo.com/080906/33/1xs49.html Sat, 6 Sep 2008 14:014:20 GMT WASHINGTON (AFP) - The US government is planning to put under strict federal control troubled mortgage giants Fannie Mae and Freddie Mac, fire their top executives and use federal funds to bail them out, US media reported on their websites.