In Russia, the dollar and euro fell sharply against the ruble.
In Europe, French bank, BNP Paribas has suspended three funds, as the US subprime mortgage debacle continues to effect markets abroad. According to a statement, the funds were, 'no longer possible to value fairly.' (in french)
In Pakistan, General Musharraf considers, then decides against emergency rule.
In Russia once more, Russian military chief of staff denied the Russian air force dropped a missile in Georgian territory.
And, in the United States, President Bush is considering corporate tax cuts.
