Japanese whalers are praising the Australian government for its help to resolve a stand-off with militant conservationists in Antarctic waters. The whalers handed over the Australian and British protesters to Australian officials overnight
Wall Street banking giant Merrill Lynch unveiled on Thursday a huge net loss of 7.8 billion US dollars for 2007, compared to a net profit of 7.5 billion in 2006. The loss includes a massive 14.1 billion write-down on failed investments related to sub-prime mortgages.
Federal Reserve chairman Ben Bernanke on Thursday backed the introduction of emergency economic measures aimed at helping the US economy avoid recession.