Oasis Hong Kong Airlines goes bankrupt

The long-haul budget carrier, which tried to offer premium service and spacious seats at low prices, suddenly went into liquidation Wednesday, canceling all flights.

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1. Volcker, ex-Fed chairman, chides current one data: 10.04.08
The imposing former Fed chief who felled the runaway inflation of the 1980s chided Ben Bernanke for toeing "the very edge" of the bank's legal authority in orchestrating the bailout of Bear Stearns.

2. G-7 finance chiefs will hold talks with private-sector bankers data: 10.04.08
They will meet in Washington on Friday to discuss a common response to the financial crisis.

3. Europe shows resilience in face of U.S. downturn data: 27.03.08
Business confidence rose in Germany, France and Belgium, and the head of the European Central Bank dampened hopes for a cut in interest rates soon.

4. 'Green collars' becoming a force in U.S. economy data: 27.03.08
The United States may have 8.5 million jobs in renewable-energy or energy-efficient industries now, with up to 5 million to be added over the next 10 years.

5. Britain's financial regulator to hire more supervisors data: 27.03.08
The Financial Services Authority issued a report that found its supervision of Northern Rock was inadequate.

6. For bargain-basement America, foreign investment no panacea data: 07.04.08
Americans often have an ambivalent relationship with the global economy, which has been coming into focus amid a surge of European and Asian acquisitions of U.S. companies

7. Bear Stearns employees sending out rĂŠsumĂŠs in bad market data: 07.04.08
Bear Stearns employees are flooding Wall Street with their rĂŠsumĂŠs as the firm is acquired by rival JPMorgan Chase, but the job market looks bad, investment bankers and recruiters said.

8. Asian businesses and workers suffer from dollar's weakness data: 27.03.08
The sliding value of the U.S. dollar against most global currencies is putting many businesses and workers under increasing financial pressure.

9. Record oil price drags down U.S. stocks data: 10.04.08
Oil prices surged to a fresh record high, piercing $112 a barrel at one point, on Wednesday as a new spate of recession fears and a bleak corporate profit outlook pulled down U.S. stocks.

10. Fed loses its unified voice data: 10.04.08
As the U.S. Federal Reserve Board deals with the biggest American financial crisis in a generation, its policies are coming under criticism from within.


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