Big US slump ends volatile week

Selling was driven by continuing concerns over financial institutions, especially sub-prime lenders, and its knock-on effect to the credit market. A Bear Stearns top executive said that credit markets were in the worst turmoil he had seen in 22 years. "These times are pretty significant," said Sam Molinaro, the investment bank's chief financial officer.

World Bank leader visits Cambodia

Mr Zoellick has praised the rapid economic development of Cambodia and its neighbour Vietnam. But pressure groups have called on him to use the Bank's influence to reduce corruption and push forward reforms.

The World Bank has had to suspend some of its operations in Cambodia, after allegations of corruption.

Mr Zoellick arrived in Cambodia fresh from meeting Asia-Pacific finance ministers in Australia. He endorsed calls for more intensive efforts to help poor countries and said the Bank would play a leading role in cutting poverty in half by 2015.

Ray Oman to publish new website

Ray Oman commissioned Wizard IT Solution to design and develop a new website.