Yahoo! News: Business
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                  as of Sat, 24 Sep 2005 23:26:52 GMT

    Rita insured losses seen up to $6 bln (Reuters)

Reuters - Hurricane Rita caused anywhere from $2.5 billion to $6 billion
 in insured losses in eastern Texas and western Louisiana, three major
 catastrophe risk modeling companies said on Saturday, far less than was
 feared as the storm lost steam before striking land.

    Oil industry to assess Rita's damage (Reuters)

Reuters - The U.S. oil industry snapped into action on Saturday to
 assess damage to its installations in the wake of Hurricane Rita, which
 hit the Gulf Coast near Sabine Pass, Texas, around daybreak.

    Emerging powers push for more sway (Reuters)

Reuters - Fast-growing Asian nations on Saturday demanded more power in
 global financial institutions, but whether their calls would be the
 catalyst for real change was unclear despite backing from major powers.

    Snow says US economy will rebound (Reuters)

Reuters - Storms battering the U.S. Gulf Coast will soften the immediate
 economic outlook but rebuilding will boost growth, U.S. Treasury
 Secretary John Snow told an international financial conference on
 Saturday.

    IMF: countries must work on imbalances (Reuters)

Reuters - Global economic imbalances pose serious risks to the world's
 prosperity, and countries must share the work of fixing them,
 International Monetary Fund Managing Director Rodrigo Rato said on
 Saturday.

    Bigger quotas for emerging nations: Japan (Reuters)

Reuters - Emerging economies, notably those in Asia, are
 under-represented in the International Monetary Fund and their voting
 rights should be increased to reflect their growing role in the global
 economy, Japan's finance minister said on Saturday.

    Rita Shutters 150 Wal-Mart Facilities (AP)

AP - Wal-Mart Stores Inc., the nation's largest retailer, said Saturday
 that Hurricane Rita forced the closure of 150 of its facilities,
 including 120 of its branded stores, in Texas and Louisiana.

* Aged 2 of 9 ( 23rd at 18:36 +/- 6h )
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