PL UK
Europe looks to galvanise banks

date: 2008-12-02 13:01:00

The European Commission on Tuesday promised measures to get state-aided banks to start lending to the real economy but EU finance ministers squabbled over ways to push back against the global financial crisis.

source: uk.news.yahoo.com

Business.view: The urge to merge

date: 2008-12-02 07:30:59

M&A could boom again next yearLIKE every other business activity nowadays (except bankruptcy-advisory work) merging and acquiring companies (M&A) is in a deep slump. Last week BHP Billiton, a mining giant, withdrew from its planned hostile $188 billion acquisition of Rio Tinto. This is part of a ...

source: www.economist.com

After another sell-off, nations try again on credit crunch

date: 2008-12-02 07:13:00

Japan and Australia announced new measures to try to ease the global credit crisis Tuesday after the United States formally announced it was in recession, sparking a massive worldwide stock sell-off.

source: uk.news.yahoo.com

JP Morgan axes 9,200 jobs at WaMu

date: 2008-12-02 06:59:42

JP Morgan cuts more than 9,200 jobs at the former Washington Mutual, which it took over this autumn.

source: news.bbc.co.uk

Response: Protecting seafarers from pirates has always been our top priority, says Simon Bennett

date: 2008-12-02 00:40:42

Response: The shipping industry has long asked governments for help in preventing attacks, says Simon Bennett

source: www.guardian.co.uk

Profile: John Duffield

date: 2008-12-02 00:07:39

John Duffield is known in the City for his Marks & Spencer v-neck sweaters rather than any flashiness in the lifestyle he can enjoy as a result of the wealth he has accumulated in a long career as a fund manager. He also has a reputation for falling out with his employers. He set up New Star in ...

source: www.guardian.co.uk

Eurozone backs away from 200-bln-euro stimulus target

date: 2008-12-01 23:11:00

Finance ministers from the 15 countries sharing the euro failed on Monday to commit to a proposed 200-billion-euro economic stimulus target while agreeing they need a joint anti-recession package.

source: uk.news.yahoo.com

Dollar, yen profit from investor risk aversion

date: 2008-12-01 23:01:00

The dollar and particularly the yen strengthened on Monday as investors sought safe havens in global economic jitters that sent US and European stock markets plunging.

source: uk.news.yahoo.com

Wall Street plunges as recession becomes reality

date: 2008-12-01 21:41:00

Wall Street stocks plunged Monday, giving back most of their gains from the past week, amid bleak economic news from around the globe including confirmation of a recession in the United States.

source: uk.news.yahoo.com

US factory output plummets again

date: 2008-12-01 16:46:03

US manufacturing activity fell in November to a fresh 26-year low, the latest Institute for Supply Management data shows.

source: news.bbc.co.uk

Ford mulls sale of Volvo Car

date: 2008-12-01 15:10:00

Ailing US automaker Ford said Monday it would consider selling its Sweden-based subsidiary Volvo Car as part of a strategic realignment in the face of an auto industry slump.

source: uk.news.yahoo.com

Oil falls below $52 after OPEC defers output cut

date: 2008-12-01 13:43:00

Oil fell more than $3 to below $52 a barrel on Monday after OPEC decided to wait until mid-December to make another cut in output to try to defend sagging prices.

source: uk.news.yahoo.com

World stocks and oil fall after grim data

date: 2008-12-01 13:29:00

World stocks ended six consecutive days of gains on Monday and oil prices tumbled, boosting flows into the low-yielding yen as data showing slumping manufacturing activity in China and Europe fanned concerns over the economy.

source: uk.news.yahoo.com

US dollar drops against euro in market shift

date: 2008-12-02 23:03:00

The US dollar fell against the euro Tuesday after recent gains as the market adjusted positions ahead of an expected sharp cut in eurozone interest rates as part of European responses to market turmoil.

source: uk.news.yahoo.com

US carmakers in new bail-out plea

date: 2008-12-02 22:54:13

US carmakers General Motors, Ford and Chrysler present their new cost-cutting plans to Congress.

source: news.bbc.co.uk

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November 2008
Yahoo up on reports of new takeover bid

date: 2008-12-02 22:49:00

Yahoo shares gained more than seven percent on Wall Street on Tuesday amid reports former AOL chief executive Jonathan Miller was trying to raise money to purchase the Internet company.

source: uk.news.yahoo.com

Global stocks rise on bargain hunting as oil skids

date: 2008-12-02 21:33:00

U.S. stocks snapped back on Tuesday, a day after a massive sell-off, as investors scooped up beaten-down shares and oil fell more than 4 percent after an OPEC pledge to cut output was only partially fulfilled.

source: uk.news.yahoo.com

Tech Weekly podcast: Startups in recession, Yahoo and Twitter

date: 2008-12-02 18:57:06

Biz Stone, the man behind microblogging sensation Twitter is interviewed, and PaidContent Founder and digital media expert Rafat Ali on the dilemma for internet startups in these tough internet times.

source: www.guardian.co.uk


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New Star in fresh debt talks

date: 2008-12-01 10:22:00

Shares in New Star Asset Management , a fund manager plagued by money outflows, crashed on Monday as it said it had entered fresh debt talks with banks.

source: uk.news.yahoo.com

Ryanair in new Aer Lingus offer

date: 2008-12-01 08:34:53

The budget airline Ryanair makes a fresh 748m euro ($950m; £619m) takeover offer for the Irish flag-carrier Aer Lingus.

source: news.bbc.co.uk

Green.view: Green army

date: 2008-12-01 07:47:14

Many eyes make light workTHE rich world abounds in environmental ideals but lacks biodiversity. The number of animals and plants that thrive in Europe and much of North America is only a fraction of those ...

source: www.economist.com

Financial literacy: The money talks

date: 2008-12-01 06:17:37

An economist descends into the trenchesI SUPPOSE I could be described as financially literate. I have a doctorate in economics; my dissertation focused on financial decision-making. I write about economics and ...

source: www.economist.com

Royal Bank of Scotland offers respite on mortgage arrears

date: 2008-12-01 01:49:00

The Royal Bank of Scotland is first to soften relationship between lenders and borrowers in wake of banking crisis

source: www.guardian.co.uk

Babcock & Brown expects bank announcement Wednesday

date: 2008-12-01 00:31:00

Australian investment firm Babcock & Brown expects to be able to make an announcement on discussions with its banks by Wednesday.

source: uk.news.yahoo.com

Editorial: World wide web will be a mass experience this Christmas

date: 2008-12-01 00:07:16

Editorial: After subscription costs many web activities are free and could provide a cushion during recession

source: www.guardian.co.uk

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