Current financial turmoil is identical to that seen in earlier stock market crashes, particularly in 1987 and the fallout from the near demise of Long Term Capital Management in 1998, warned former Federal Reserve chairman Alan Greenspan.
Global markets fell sharply following on United States employment data which triggered wider economic prospects. The surprise 4.000 reduction in the US workforce in August sent the main Dow Jones index down 250 points to 13,113.
Asia-Pacific leaders agreed on Saturday to adopt a long-term aspirational goal to reduce greenhouse gas emissions, Australian Prime Minister John Howard said.
In spite of violence that claimed some 50 lives, officials in Guatemala say they are prepared to carry out an efficient and secure electoral process on Sunday when voters go to the polls to elect a new president.
Luciano Pavarotti's voice rang out a final time inside Modena's cathedral in northern Italy, as a recording of the great tenor singing with his father highlighted a funeral attended by family, dignitaries and close friends.
Hundreds flocked this week to a museum in the north of Argentina to admire a well-preserved mummy of an Inca maiden that is on display for the first time and who five hundred years ago was sacrificed and froze to death in the Andes.
Secretary-General Ban Ki-moon paid tribute to the late Luciano Pavarotti who beyond being one of the world's foremost tenor singers was a United Nations Messenger of Peace.
The disputed results of a controversial and tight governor election in the Argentine province of Cordoba, one of the country's main electoral districts, is rapidly becoming another volatile and unpredictable hot issue for President Nestor Kirchner's administration.
The Governing Council of the European Central Bank, ECB left interest rates unchanged at 4% on Thursday, emphasizing monetary policy will be accommodative and conditioned to further gathering of information given the current high level of uncertainty in financial markets.
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