Pakistan rupee falls to new low

Hungary in three-point rate rise
Hungary's central bank raises interest rates by three points to 11.5% amid fears over its plunging currency.

Pakistan shares up on resignation
Pakistan's leading stocks rise after the news that President Pervez Musharraf is to step down.

Volatile day for Karachi stocks
Pakistan shares suffer a volatile day of trading after rumours that President Pervez Musharraf had resigned.

Russia pushes Ukraine on gas debt
Russia demands Ukraine to repay a $2.4bn gas debt, raising fears of a renewed dispute which could disrupt supplies to Europe.

Oil price hovers at $50 a barrel
Oil prices are hovering around $50 a barrel amid growing fears over a global recession and lower demand for oil.