PL UK
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 pounds), although far less has been committed so far and money extended might not be lost.

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

Oil climbs back above $53 after Fed action

date: 2008-11-25 14:36:00

Oil pared its initial losses on Tuesday to climb back above $53 a barrel, after the U.S. Federal Reserve acted to support mortgage markets and U.S. GDP turned out to be no worse than forecast.

source: uk.news.yahoo.com

World stocks rise after Fed programme

date: 2008-11-25 13:50:00

World stocks rose more than one percent on Tuesday after the Federal Reserve unveiled a programme to buy mortgage and consumer-related securities in its latest attempt to support the U.S. financial system.

source: uk.news.yahoo.com

AXA issues profit warning, shares slump 13.91%

date: 2008-11-25 12:13:00

French insurance giant AXA issued a profit warning on Tuesday, saying the grim economic climate rendered its medium-growth targets "obsolete," sparking a sharp drop in its share prices.

source: uk.news.yahoo.com

BHP Billiton abandons Rio offer

date: 2008-11-25 10:49:17

Mining giant BHP Billiton calls off its bid for Rio Tinto, blaming falling commodity prices and demands that it sell assets.

source: news.bbc.co.uk

Cape Coral, Florida: From boom to bust

date: 2008-11-25 05:44:38

Ground zero of the housing-market collapseAS I drive up to the dusty fairgrounds of the German-American Social Club of Cape Coral, Florida, I see an abandoned white house with peeling paint and boarded-up windows across the street. Spray painted in large, black letters across the front of the home ...

source: www.economist.com

Financial crisis hits coffee sales at Starbucks

date: 2008-11-25 04:07:00

The US financial crisis has hit coffee sales at Starbucks, with an "extremely challenging" period forecast for fiscal year 2009, the company said Monday in its annual report.

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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Dollar mostly weaker as risk appetite returns

date: 2008-11-24 22:35:00

The dollar lost ground except against the yen Monday as a massive bailout of US banking giant Citigroup and government action in Britain to fight recession prompted investors to rush into riskier bets.

source: uk.news.yahoo.com

US, European stocks soar on Citigroup rescue, govt stimulus

date: 2008-11-24 22:21:00

Wall Street and European stock markets soared Monday as investors cheered a massive bailout for US banking giant Citigroup and the prospect of more government money to ease the pain of recession.

source: uk.news.yahoo.com

Citi rescue sparks Wall Street surge

date: 2008-11-24 21:59:00

Wall Street staged a powerful rally Monday as US government rescue of banking giant Citigroup sparked a second straight session of frenzied buying.

source: uk.news.yahoo.com

Britain fights recession with huge stimulus package

date: 2008-11-24 21:40:00

Britain unveiled a major economic stimulus package worth 20 billion pounds on Monday to reignite consumer spending and help the nation recover from a deep and painful recession expected next year.

source: uk.news.yahoo.com

Airbus to help customers in struggle for financing

date: 2008-11-24 21:36:00

Airbus said on Monday it was in good shape to weather the economic downturn and ready to help customers with financing as they grapple with the repercussions of the global financial crisis.

source: uk.news.yahoo.com

Obama names his US Treasury team

date: 2008-11-24 17:46:15

President-elect Barack Obama names his top economic advisers to oversee a huge stimulus package.

source: news.bbc.co.uk

John McDonnell: This is no time for fearful half measures. Darling must seize the nettle of major, redistributive tax reform and bank nationalisation

date: 2008-11-24 14:35:01

John McDonnell: Pre-budget report: This is no time for fearful half measures. Darling must seize the nettle of major, redistributive tax reform and bank nationalisation

source: www.guardian.co.uk

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