Stockholm - Sweden is set to establish a fund to help banks that run into problems in future, Financial Markets Minister Mats Odell said Tuesday.

The Swedish National Debt Office was to manage the fund that was to be financed by the state and banking sector. The aim was to "stabilize" the bank sector and ensure lower mortgage rates, Odell told reporters.

Mumbai, Oct 14 : The Reserve Bank of India (RBI) on Tuesday decided to inject Rs.

London - Britain's nationalized mortgage lender Northern Rock said Tuesday it was "well ahead" of its government loan repayment target, having paid back more than half of the 26 billion pounds (45 billion dollars) in emergency loans from the Bank of England.

Government-appointed Northern Rock chief executive Ron Sandler said that, as at September 30, the sum of 11.4 billion pounds was still outstanding.

Since nationalization of Britain's fifth-biggest mortgage lender in February, Sandler's strategy has involved halving the balance sheet to 50 billion pounds by the end of
2011 by stopping all business lending and accelerating mortgage redemptions for existing customers.

Dubai - Amid the global financial crisis, Dubai ruler Sheikh Mohamed bin Rashid al-Maktoum ordered a further 19 billion dollars to be pumped into the national banking sector to boost liquidity, the Emirates news agency WAM reported on Tuesday.

The decision raised the amount of money that has been pumped into the banking sector to 32.7 billion dollars over the last month.

The UAE Central bank, along with the Ministry of Finance, are to inject the money into the national banking sector.

London- The recovery of the London stock market continued into a second day Tuesday as co-ordinated efforts to stabilize the financial sector pushed the Financial Times Share Index (Footsie) 4 per cent higher in early trading.

The Footsie rose by 157 points to 4,413.9 points during morning trading, but the shares of of leading banks remained volatile after the bail-out plans announced Monday.

Royal Bank of Scotland, which is in line to receive 20 billion pounds (35 billion dollars) under the cash injection scheme, was up 5 per cent, while Barclays' shares rose by

Washington, Oct 14 : Shaukat Tareen, the Financial Adviser to Pakistan Prime Minister, has allayed fears of Pakistan going bankrupt, saying that debt repayments amounting to nearly 500 million dollars were not due until next year.

He maintained that Pakistan was emerging as a strong country from economic point of view, and that there was “no threat of Pakistan getting bankrupt”, reported The News.