PARIS (Reuters) - BNP Paribas said on Thursday the value of three funds suspended due to volatility in the United States subprime market had declined rapidly in the past weeks.
It said the three funds had a value of 1.593 billion euros ($2.19 billion) at August 7, down from 2.075 billion at July 27.
WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Thursday approved the nomination of Federal Reserve Chairman Ben Bernanke for a second term, sending it to the full Senate for a final confirming vote. | Video
"I told Michelle when we got here that in six months my poll numbers will start crashing," says President Obama. He's not worried -- yet. Full Article
The Pentagon burns through $5 million in borrowed money every hour in Afghanistan and the amount is expected to more than double once additional troops are deployed. Commentary
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