The Federal Reserve will provide up to US$540b in loans to help relieve pressure on money-market mutual funds beset by redemptions.
US shares plunged to fresh five-year lows Thursday in a vicious late-date selloff as jitters intensified over the global financial crunch.
Money markets were paralysed on Wednesday as lending beyond a week virtually dried up amid concerns over the US plan to buy up toxic assets.
DMX Technologies Group has secured a Managed Security Services contract to provide managed security services for Anji-TNT Automotive Logistics Co. The latter is a leading specialised third-party logistics provider to the automotive market in China.
