PL UK
World stocks hit 2-week highs

date: 2008-11-27 09:43:00

Global stocks rose to their highest level in nearly two weeks on Thursday with European equities buoyed by sharp gains in Asia and the United States, dampening demand for safer assets such as government debt.

source: uk.news.yahoo.com

Panasonic slashes profit forecast

date: 2008-11-27 08:18:48

Japanese electronics goods maker Panasonic cuts its annual profit forecast by 90% because of the global economic downturn.

source: news.bbc.co.uk

Oil falls towards $53 as demand woes back in focus

date: 2008-11-27 06:24:00

Oil slipped towards $53 on Thursday, as investors fretted over falling oil demand after another set of bearish U.S. stocks and oil demand data, erasing some of the 7 percent gains on an equities rally a day earlier.

source: uk.news.yahoo.com

U.S. stocks rise on energy and tech

date: 2008-11-26 21:33:00

U.S. stocks rallied on Wednesday, as investors found value in beaten down technology shares and energy shares rose on higher crude oil prices, while European markets fell on fears about a deep global recession.

source: uk.news.yahoo.com

Europe announces 200bn euro plan

date: 2008-11-26 20:04:53

The European Commission unveils an economic recovery plan worth 200bn euros (£170bn) in an attempt to save millions of jobs.

source: news.bbc.co.uk

U.S. stocks up on bargains

date: 2008-11-26 19:07:00

U.S. stocks rose on Wednesday, as bargain hunting lifted technology shares and energy shares rose with higher crude oil prices, while European markets fell on fears about a deep global recession.

source: uk.news.yahoo.com

Porsche pushes back VW takeover as sales tumble

date: 2008-11-26 14:34:00

German luxury sports car maker Porsche said Wednesday it would push back a planned takeover of Volkswagen, the biggest European auto group, after being hit by falling sales.

source: uk.news.yahoo.com

US consumer spending slides one percent in October

date: 2008-11-26 14:31:00

US consumer spending dropped 1.0 percent in October, the steepest fall since September 2001, government data showed Wednesday in a further sign of the credit crunch hitting economic activity.

source: uk.news.yahoo.com

Big drop in US consumer spending

date: 2008-11-26 14:21:20

US consumer spending fell 1% in October, the largest decline since September 2001, in a further sign of the economic downturn.

source: news.bbc.co.uk

Europe announces 200bn-euro plan

date: 2008-11-26 13:25:10

The European Commission unveils an economic recovery plan worth 200bn euros (£170bn) in an attempt to save millions of jobs.

source: news.bbc.co.uk

European fiscal stimulus plans to tackle crisis

date: 2008-11-26 13:18:00

(Reuters) - Massive stimulus plans to drive the world out of recession took centre stage on Wednesday with the European Commission approving a 200 billion euro (170 billion pound) spending plan across the 27-nation bloc.

source: uk.news.yahoo.com

Morgan Stanley buys stake in Chinese trust bank

date: 2008-11-26 05:11:00

US banking giant Morgan Stanley has completed a deal to buy a 19.9 percent stake in a medium-sized Chinese trust bank based in the eastern city of Hangzhou, the two companies said Wednesday.

source: uk.news.yahoo.com

Europe to set out economic plans

date: 2008-11-26 02:08:02

EU member states are being urged to sign up to an economic recovery plan proposed by the European Commission.

source: news.bbc.co.uk

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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Dollar slides on weak US data

date: 2008-11-25 22:36:00

The dollar fell against the other major currencies Tuesday as weak US economic news and bit more risk-taking by global investors weighed on the greenback.

source: uk.news.yahoo.com

World stocks mixed on profit-taking

date: 2008-11-25 22:14:00

Global stocks sputtered Tuesday as investors took quick profits on some of the massive gains a day earlier and mulled the latest US and European efforts to fight the credit crunch.

source: uk.news.yahoo.com

Bulgaria loses EU millions for failure to tackle corruption

date: 2008-11-25 21:33:00

The European Commission punished Bulgaria Tuesday for failing to adequately tackle corruption, cutting off its access to hundreds of millions of euros in EU funding.

source: uk.news.yahoo.com

U.S. facing potential $8 trln financial rescue bill

date: 2008-11-25 19:04:00

(Reuters) - Two new Federal Reserve programs aimed at easing consumer credit and lowering mortgages costs have pushed the potential bill for U.S. financial rescue efforts to about $8.317 trillion (5.4 trillion ...

source: uk.news.yahoo.com

Ex-UBS bosses forgo $27.7m pay

date: 2008-11-25 17:49:07

Three former bosses at Swiss bank UBS are to forgo 33m Swiss francs in salary and other payments.

source: news.bbc.co.uk

US Fed announces $800bn stimulus

date: 2008-11-25 17:36:39

The US Fed says it will inject another $800bn into the economy as it battles to stimulate lending and boost the economy.

source: news.bbc.co.uk

US Fed unveils new $800bn rescue

date: 2008-11-25 14:42:29

The Federal Reserve is to pump an additional $800bn ($526.8bn) into the markets in another bid to deal with the financial crisis.

source: news.bbc.co.uk

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