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New Zealand Facing "Serious" Economic Challenges - Finance Minister (Nasdaq)
(RTTNews) - Rising commodity prices and tight global credit are combining to present serious challenges to the economy of New Zealand, said Finance Minister Michael Cullen on Thursday.

Mortgage finance firm Fannie Mae shakes up executive ranks as shares rise for 3rd straight day (Minneapolis-St. Paul Star Tribune)
WASHINGTON - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.

Finance Ministry seeks feedback on proposed changes to tax legislation (Channel NewsAsia via Yahoo! Malaysia News)
SINGAPORE : The Ministry of Finance will have public consultations on the draft Stamp Duties (Amendment) Bill 2008 and the GST (Amendment) Bill 2008.

French Finance Minister Says Inflation Peaked In July (Nasdaq)
PARIS -(Dow Jones)- French Finance Minister Christine Lagarde said Wednesday the inflation trend has reversed since July thanks to the fall in prices of oil and raw materials.

AR Growth Finance seals US$4mn bond financing - Argentina (Business News Americas)
AR Growth Finance has completed a US$4mn bond financing at its Argentine subsidiary ProBenefit as well as a US$1mn bond for its own working capital purposes, the Delaware-based company said in a press release.