NEWS | Wednesday, 24 September 2008

US crisis may damage Shipyards privatisation, economist warns

Charlot Zahra

Economists and bankers contacted by Business Today offered different interpretations of the extent to which local economy might be impacted in the wake of the crisis hitting Wall Street recently.
The situation in the US last week led to the declaration of bankruptcy of Lehman Brothers, the purchase of Merrill Lynch by the Bank of America, as well as to the US government going to the rescue of various US financial institutions including AIG. >>

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