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Stanford Financial chairman and CEO Sir Robert Allen Stanford ...

(AFP/Getty Images/File) — Fri, 03 Jul 2009 21:53:43 GMT

(AFP/Getty Images/File) - Stanford Financial chairman and CEO Sir Robert Allen Stanford leaves the Bob Casey Federal Courthouse after a bond hearing in June 2009 in Houston, Texas. Two US legal firms announced Friday that they have filed a class action suit against a London-based insurer on behalf of the Mexican victims of fraudulent financier Allen Stanford.(AFP/Getty Images/File/Dave Einsel)

Inter-American Development Bank president Luis Alberto Moreno ...

(AFP) — Fri, 03 Jul 2009 20:40:52 GMT

(AFP) - Inter-American Development Bank president Luis Alberto Moreno takes part in the opening session of the Finance Minister Summit in Vina del Mar, Chile. Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here on Friday.(AFP/Martin Bernetti)

Brazilian President Luiz Inacio Lula da Silva, seen here in ...

(AFP/File) — Fri, 03 Jul 2009 20:27:16 GMT

(AFP/File) - Brazilian President Luiz Inacio Lula da Silva, seen here in June 2009, will call on wealthy nations to moderate their demands on poor countries during next week's G8 summit in Italy, a presidential spokesman said Friday.(AFP/File/Evaristo Sa)

A view of the Volkswagen logo. Volkswagen hopes to turn out ...

(AFP/File) — Fri, 03 Jul 2009 20:05:57 GMT

(AFP/File) - A view of the Volkswagen logo. Volkswagen hopes to turn out its first all-electric car in 2013, VW head Martin Winterkorn said Friday(AFP/File/Karen Bleier)

A general view of a plenary session of the Bundestag, Germany's ...

(AFP/File) — Fri, 03 Jul 2009 19:48:06 GMT

(AFP/File) - A general view of a plenary session of the Bundestag, Germany's lower house of parliament in Berlin in 2008. The lower house approved a bill that provides for the creation of "bad banks" to help commercial and state-owned banks recover from the financial crisis.(AFP/File/John Macdougall)

Turkey's Prime Minister Tayyip Erdogan, seen here on June ...

(AFP/file) — Fri, 03 Jul 2009 19:30:33 GMT

(AFP/file) - Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget)

Turkey's Foreign Minister Ahmet Davutoglu, seen here in ...

(AFP/File) — Fri, 03 Jul 2009 19:30:33 GMT

(AFP/File) - Turkey's Foreign Minister Ahmet Davutoglu, seen here in June 2009, addresses a press conference in Berlin. Russian Gazprom's recent deal to buy natural gas from Azerbaijan will not endanger Europe's flagship pipeline project Nabucco, Davutoglu said.(AFP/File/John Macdougall)

An investor looks at the stock price monitor at a private securities ...

(Canadian Press) — Fri, 03 Jul 2009 19:09:03 GMT

(Canadian Press) - An investor looks at the stock price monitor at a private securities company in Shanghai, China. Hong Kong's Hang Seng index edged up 0.1 per cent. THE ASSOCIATED PRESS /Eugene Hoshiko

Fu Chengyu, president of China National Offshore Oil Corporation ...

(AFP/File) — Fri, 03 Jul 2009 18:48:03 GMT

(AFP/File) - Fu Chengyu, president of China National Offshore Oil Corporation (CNOOC), talks during a plenary session at the 19th World Petroleum Congress in Madrid in 2008. Two giant Chinese oil companies are interested in buying a 30-percent stake in an affiliate of Spanish oil major Repsol, media reported.(AFP/File/Philippe Desmazes)

An undated photo of a ship docking at Port Klang, west of capital ...

(AFP/File) — Fri, 03 Jul 2009 18:36:52 GMT

(AFP/File) - An undated photo of a ship docking at Port Klang, west of capital Kuala Lumpur, Malaysia. Malaysia's exports slumped 29.7 percent in May from a year earlier, hitting their lowest level since 2001 with demand evaporating, according to official data released Friday.(AFP/File)

David Webb makes a test broadcast for SABC News International ...

(AFP/File) — Fri, 03 Jul 2009 17:56:42 GMT

(AFP/File) - David Webb makes a test broadcast for SABC News International in Johannesburg in 2007. More than half the workforce at South Africa's embattled public broadcaster will go on strike on Monday over a pay dispute which has gone unresolved as the institution's board collapsed.(AFP/File/Alexander Joe)

A British Airways passenger plane comes in to land at Gatwick ...

(AFP/File) — Fri, 03 Jul 2009 17:40:34 GMT

(AFP/File) - A British Airways passenger plane comes in to land at Gatwick Airport in March 2009. BA said that it would slash capital expenditure by one fifth in the current financial year after posting another sharp drop in monthly passenger numbers.(AFP/File/Adrian Dennis)

Finance Minister Jim Flaherty. THE CANADIAN PRESS/Sean Kilpatrick ...

(Canadian Press) — Fri, 03 Jul 2009 17:23:14 GMT

(Canadian Press) - Finance Minister Jim Flaherty. THE CANADIAN PRESS/Sean Kilpatrick

A trader sits at the MICEX stock exchange in Moscow in a file ...

(Reuters) — Fri, 03 Jul 2009 17:08:40 GMT

(Reuters) - A trader sits at the MICEX stock exchange in Moscow in a file photo. REUTERS/Alexander Natruskin

The Amalgamated Bank of South Africa logo. The Zambian government ...

(ABSA) — Fri, 03 Jul 2009 17:05:36 GMT

(ABSA) - The Amalgamated Bank of South Africa logo. The Zambian government is ready to face a leading South African bank in court for 74.3 million dollars sought over the breach of a feedstock contract.(ABSA)

Algeria's Minister of Energy Chakib Khelil is pictured in ...

(AFP/File) — Fri, 03 Jul 2009 16:48:27 GMT

(AFP/File) - Algeria's Minister of Energy Chakib Khelil is pictured in May 2009. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Samuel Kubani)

A woman carries tapioca seeds next to a gas flare fire near ...

(AFP/File) — Fri, 03 Jul 2009 16:48:27 GMT

(AFP/File) - A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Lionel Healing)

The dollar climbed against the euro Friday after eurozone retail ...

(AFP/File) — Fri, 03 Jul 2009 16:38:21 GMT

(AFP/File) - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.(AFP/File/Bertrand Langlois)

Air India headquarters in Mumbai in June 2009. Employees of ...

(AFP/File) — Fri, 03 Jul 2009 15:59:39 GMT

(AFP/File) - Air India headquarters in Mumbai in June 2009. Employees of India's national carrier Air India staged a nationwide two-hour strike on Friday to protest what they said was management's failure to pay salaries on time.(AFP/File/Indranil Mukherjee)

A view of new office and residential buildings in the so-called ...

(AFP/File) — Fri, 03 Jul 2009 15:59:22 GMT

(AFP/File) - A view of new office and residential buildings in the so-called central business district of Beijing. China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, according to state media.(AFP/File/Peter Parks)

A woman carries tapioca seeds next to a gas flare fire near ...

(AFP/File) — Fri, 03 Jul 2009 14:51:49 GMT

(AFP/File) - A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Lionel Healing)

An oil platform in the North Sea. Oil market officials in London ...

(AFP/SCANPIX/File) — Fri, 03 Jul 2009 13:34:16 GMT

(AFP/SCANPIX/File) - An oil platform in the North Sea. Oil market officials in London have launched a probe into an alleged rogue trader who helped push prices to eight-month peaks this week, costing his company nearly $10 million (£6.12 million).(AFP/SCANPIX/File)

Oil prices fell further, but losses were less severe than a ...

(AFP/File) — Fri, 03 Jul 2009 12:59:48 GMT

(AFP/File) - Oil prices fell further, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.(AFP/File/Thomas Coex)

Europe's main stock markets weakened further after sliding ...

(AFP/File) — Fri, 03 Jul 2009 10:49:25 GMT

(AFP/File) - Europe's main stock markets weakened further after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Jean Ayissi)

Ships are seen at Rio Tinto's at Cape Lambert port in the ...

(AFP/HO/File) — Fri, 03 Jul 2009 08:51:07 GMT

(AFP/HO/File) - Ships are seen at Rio Tinto's at Cape Lambert port in the Western Australia. The mining giant has confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt.(AFP/HO/File)

Lorim Point, Rio Tinto's Alcan Mining Operation at Weipa, ...

(AFP/Rio Tinto/File) — Fri, 03 Jul 2009 08:51:07 GMT

(AFP/Rio Tinto/File) - Lorim Point, Rio Tinto's Alcan Mining Operation at Weipa, in northern Queensland. Mining giant Rio Tinto confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt.(AFP/Rio Tinto/File)

British prime minister Gordon Brown smiles during a visit to ...

(AFP/Pool) — Fri, 03 Jul 2009 08:51:07 GMT

(AFP/Pool) - British prime minister Gordon Brown smiles during a visit to Rio Tinto power station in Lynemouth, northern England. Mining giant Rio Tinto confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt.(AFP/Pool/Nigel Roddis)

File photo of a BHP Billiton operation in South Australia. BHP ...

(AFP/BHP Billiton/Ho) — Fri, 03 Jul 2009 08:34:38 GMT

(AFP/BHP Billiton/Ho) - File photo of a BHP Billiton operation in South Australia. BHP Billiton, the world's biggest miner, said it had agreed to sell an Australian nickel refinery to Australian businessman Clive Palmer for an undisclosed sum.(AFP/BHP Billiton/Ho)

A 13-storey residential building under construction in Shanghai ...

(AFP/File) — Fri, 03 Jul 2009 07:16:30 GMT

(AFP/File) - A 13-storey residential building under construction in Shanghai fell over on June 27. The building that collapsed last week, killing a construction worker, did so because contractors had recklessly shifted the earth at its base, the city government said.(AFP/File)

A sales assistant holds up a Nokia handset featuring a new mobile ...

(AFP/File) — Fri, 03 Jul 2009 07:06:56 GMT

(AFP/File) - A sales assistant holds up a Nokia handset featuring a new mobile internet music download platform at a store in Hong Kong. Rampant piracy and a crumbling market for CDs has put the music industry in Asia under immense pressure, but experts are hoping that technology like Nokia's music services will help to fill the gap.(AFP/File/Mike Clarke)

A sales assistant shows a customer a Nokia handset at a store ...

(AFP/File) — Fri, 03 Jul 2009 07:06:56 GMT

(AFP/File) - A sales assistant shows a customer a Nokia handset at a store in Hong Kong. Rampant piracy and a crumbling market for CDs has put the music industry in Asia under immense pressure, but experts are hoping that technology like Nokia's music services will help to fill the gap.(AFP/File/Mike Clarke)

Visitors walk past a Deutsche Telekom logo in Hanover. The biggest ...

(AFP/File) — Fri, 03 Jul 2009 07:05:20 GMT

(AFP/File) - Visitors walk past a Deutsche Telekom logo in Hanover. The biggest German telecommunications operator, Deutsche Telekom, is looking to swap its loss-making T-Mobile unit in Britain for an asset in another country, a press report said.(AFP/File/John Macdougall)

Employees work behind a counter at a local bank in Jakarta. ...

(AFP/File) — Fri, 03 Jul 2009 07:04:26 GMT

(AFP/File) - Employees work behind a counter at a local bank in Jakarta. Indonesia's central bank has cut its benchmark interest rate by 25 basis points to 6.75% in a bid to stimulate the economy as inflationary pressures ease.(AFP/File/Adek Berry)

Floor traders work at the Hong Kong Stock Exchange Friday, July ...

(AP) — Fri, 03 Jul 2009 06:24:59 GMT

(AP) - Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)

A customer admires a Honda Motor's hybrid vehicle at a showroom ...

(AFP/File) — Fri, 03 Jul 2009 06:05:11 GMT

(AFP/File) - A customer admires a Honda Motor's hybrid vehicle at a showroom in Tokyo. Japan's near-silent hybrid cars have been called dangerous by the vision-impaired and some users, prompting a government review on whether to add a noise-making device, according to an official.(AFP/File/Yoshikazu Tsuno)

Delta Flight 16, on Boeing 777-200LR, prepares to takeoff from ...

(AFP/HO) — Fri, 03 Jul 2009 05:36:42 GMT

(AFP/HO) - Delta Flight 16, on Boeing 777-200LR, prepares to takeoff from Sydney International Airport for the airline's first nonstop Sydney-to-Los-Angeles flight, on July 3. The nonstop service will provide Australians with unparalleled connections from Los Angeles to more than 300 key destinations in the U.S. as well as Canada, Mexico, Central and South America, the Caribbean and Europe.(AFP/HO/James Morgan)

Unemployment advisor Shawn Morales with the New York State Labor ...

(AFP/Getty Images) — Fri, 03 Jul 2009 02:14:18 GMT

(AFP/Getty Images) - Unemployment advisor Shawn Morales with the New York State Labor Department's Division of Employment Services gives information to a job seeker in the Brooklyn borough of New York City. According to a Department of Labor report, US employers cut more jobs in June, causing unemployment to rise to 9.5 percent, the highest since August 1983.(AFP/Getty Images/Chris Hondros)

US President Barack Obama said the latest surge in job losses ...

(AFP) — Fri, 03 Jul 2009 02:14:18 GMT

(AFP) - US President Barack Obama said the latest surge in job losses was "sobering," after new government figures pushed the unemployment rate to a new 26-year high of 9.5 percent.(AFP/Saul Loeb)

A job seeker sits near an employment bulletin board at the New ...

(AFP/Getty Images) — Fri, 03 Jul 2009 02:14:18 GMT

(AFP/Getty Images) - A job seeker sits near an employment bulletin board at the New York State Labor Department's Division of Employment Services in New York City. President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound.(AFP/Getty Images/Chris Hondros)

A trader works the floor of the New York Stock Exchange June ...

(Reuters) — Thu, 02 Jul 2009 23:02:37 GMT

(Reuters) - A trader works the floor of the New York Stock Exchange June 23, 2009. REUTERS/Eric Thayer

Chart shows daily market figures for Dow, S&P, Russell 2000 ...

(AP) — Thu, 02 Jul 2009 22:09:18 GMT

(AP) - Chart shows daily market figures for Dow, S&P, Russell 2000 and Nasdaq, along with NYSE and Nasdaq diary; stand-alone;

Market charts show weekly figures for Dow, S&P 500, Nasdaq, ...

(AP) — Thu, 02 Jul 2009 22:04:18 GMT

(AP) - Market charts show weekly figures for Dow, S&P 500, Nasdaq, NYSE, AMEX and Russell 2000; two sizes;

An investor looks at the stock price monitor at a private securities ...

(Canadian Press) — Thu, 02 Jul 2009 21:56:39 GMT

(Canadian Press) - An investor looks at the stock price monitor at a private securities company Thursday in Shanghai, China. The benchmark Shanghai Composite Index jumped 52.1 points, or 1.7 percent, to close at 3060.25. THE ASSOCIATED PRESS/Eugene Hoshiko

The Washington Post building in Washington, DC. Amid an outcry ...

(AFP/Getty Images/File) — Thu, 02 Jul 2009 21:33:47 GMT

(AFP/Getty Images/File) - The Washington Post building in Washington, DC. Amid an outcry from its own newsroom, The Washington Post on Thursday canceled plans to host events offering lobbyists access to US government officials, members of Congress and Post reporters.(AFP/Getty Images/File/Alex Wong)

A woman holding several euro and US dollar notes. The dollar ...

(AFP/File) — Thu, 02 Jul 2009 21:29:36 GMT

(AFP/File) - A woman holding several euro and US dollar notes. The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens.(AFP/File/Bertrand Langlois)

A man walks into the US Bankruptcy Court in lower Manhattan ...

(AFP/Getty Images/File) — Thu, 02 Jul 2009 21:07:35 GMT

(AFP/Getty Images/File) - A man walks into the US Bankruptcy Court in lower Manhattan in New York City. The fate of General Motors was placed in the hands of a New York judge Thursday who must decide whether the largest US automaker can execute a swift exit from bankruptcy protection by selling its best assets to a new company.(AFP/Getty Images/File/Chris Hondros)

The fate of General Motors was placed in the hands of a New ...

(AFP/File) — Thu, 02 Jul 2009 21:07:35 GMT

(AFP/File) - The fate of General Motors was placed in the hands of a New York judge Thursday who must decide whether the largest US automaker can execute a swift exit from bankruptcy protection by selling its best assets to a new company.(AFP/File/Patrick Hertzog)

An oil platform in the North Sea. Oil prices sank under 67 dollars ...

(AFP/SCANPIX/File) — Thu, 02 Jul 2009 19:58:53 GMT

(AFP/SCANPIX/File) - An oil platform in the North Sea. Oil prices sank under 67 dollars a barrel Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.(AFP/SCANPIX/File)

The logo of German engineering and electronics group Siemens ...

(AFP/DDP/File) — Thu, 02 Jul 2009 19:38:13 GMT

(AFP/DDP/File) - The logo of German engineering and electronics group Siemens in Munich. German industrial giant Siemens will pay 100 million dollars over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the World Bank said Thursday.(AFP/DDP/File/Oliver Lang)

Job seekers look over the employment bulletin board the New ...

(AFP/Getty Images/File) — Thu, 02 Jul 2009 19:17:08 GMT

(AFP/Getty Images/File) - Job seekers look over the employment bulletin board the New York State Labor Department's Division of Employment Services in the Brooklyn, June 2009. US employers shed 467,000 jobs in June, pushing the unemployment rate up 0.1 points to 9.5 percent, the Labor Department reported.(AFP/Getty Images/File/Chris Hondros)