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Wall Street drops to 5-year lows on economic fear

NEW YORK (Reuters) - U.S. stocks closed at their lowest levels in 5-1/2 years on Monday, extending a global sell-off as worry about the severity of a global recession and the bleak outlook for profits gripped investors.  Full Story   27 October 2008, 23:41
U.S. light crude settles at $63 a barrel, down from July high of $147

U.S. light crude settles at $63 a barrel, down from July high of $147

LOS ANGELES (Reuters) - Oil prices fell about $1 as concerns over weakening demand in the midst of a financial meltdown continued to offset production cuts announced last week by OPEC.  Full Story  
27 October 2008, 23:30 | Reuters
Assassination plot targeting Obama disrupted

Assassination plot targeting Obama disrupted

WASHINGTON (AP) -- Federal agents have broken up a plot to assassinate Democratic presidential candidate Barack Obama and shoot or decapitate 102 black people in a Tennessee murder spree, the ATF said Monday.  Full Story  
27 October 2008, 23:19 | Associated Press
Yatsenyuk: Parliament will adopt unpopular conditions in exchange for IMF aid

Yatsenyuk: Parliament will adopt unpopular conditions in exchange for IMF aid

The International Monetary Fund won agreement Monday from the speaker of Ukraine's parliament to enact potentially unpopular conditions for a crucial $16.5 billion loan, as it grew clearer the IMF may have to help other emerging markets in Europe in the grip of the global financial crisis.  Full Story  
27 October 2008, 21:20 | Associated Press
Somali pirate kingpins going unpunished

Somali pirate kingpins going unpunished

NAIROBI, Oct 27 (Reuters) - New international navy patrols may deter piracy off Somalia, but the kingpins remain untroubled enjoying the fruits of this year's rash of hijackings in cities around the world, a regional maritime official said.  Full Story  
27 October 2008, 21:02 | Reuters
Romania cut to 'junk,' IMF deal steadies Hungary

Romania cut to 'junk,' IMF deal steadies Hungary

BUDAPEST, Oct 27 (Reuters) - An IMF rescue deal steadied Hungary's battered currency on Monday, but a downgrade in Romania's debt rating to "junk" status showed the ripples of the global crisis were still spreading across emerging markets.  Full Story  
27 October 2008, 20:57 | Reuters
More U.S. banks seek cash as global recession fears spread

More U.S. banks seek cash as global recession fears spread

WASHINGTON, Oct 27 (Reuters) - More U.S. banks lined up for government cash and the Group of Seven expressed concern the soaring Japanese yen posed a threat to financial and economic stability as recession worries spread worldwide.  Full Story  
27 October 2008, 20:37 | Reuters
President's aide: Tymoshenko risks losing IMF credit

President's aide: Tymoshenko risks losing IMF credit

An aide to Ukraine's president accused Prime Minister Yulia Tymoshenko on Monday of putting a big IMF credit at risk by linking quick approval of financial legislation with the country's long-running political upheaval.  Full Story  
27 October 2008, 20:26 | Reuters
PFTS closed down

PFTS closed down

Today’s trading session on PFTS ended with the index at 222.26 points, 3.73 percent down.  Full Story  
27 October 2008, 18:25 | Elena Plekhanova, Kyiv Post Staff writer
Police prevent contract hit on head of Kyiv bank

Police prevent contract hit on head of Kyiv bank

The Kyiv department for organized crime of the Interior Ministry has prevented the contract murder of the head of one of Kyiv commercial banks, the press service of the department told Interfax-Ukraine.  Full Story  
27 October 2008, 16:45 | Interfax-Ukraine

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