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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 13, 2008
Page
3
In Pakistan’s Miran Shah area two drones fired missiles at a house near a matchbox factory killing five. Officials said no foreigners among the dead, challenging initial al Qaida links and highlighting ongoing U S drone activity in the North Waziristan region.
Car bombers struck Mosul twice, killing seven including three youths and wounding twenty five. A separate Mosul attack killed five Iraqis and the bomber. In Baghdad a parked car bomb in Bayaa killed seven and wounded nine as two Iraqi soldiers were killed by snipers in Yarmouk. Government announces new security measures for Christians amid ongoing violence.
In Baghdad the Iraq Stock Exchange posts about a 40 percent September rise driven by security gains. Only two hours daily trading on floor boards and markers, with foreigners under 3 percent of volume, while officials warn oil price drops could strain Iraq’s budget outlook.
European Union nations announced plans to guarantee inter bank lending for up to five years and allow member states to take equity stakes in troubled banks. Britain, France, Germany and Italy endorsed the toolkit aimed at stabilizing markets after the U S 700 billion rescue. No figures on national spending were provided, expected by Wednesday.
European leaders adopt a rescue approach offering interbank lending guarantees for up to five years and EU member states’ rights to take equity stakes in banks. The US pursues a different path focusing on buying bad assets to shore up bank balance sheets.
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