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Archive for March 26th, 2008Deutsche Bank issues profit warningPosted by UK Economy News
In UK financial news
26Mar 08 Deutsche Bank, Germany's biggest bank, warned Thursday it might miss 2008 earnings targets due to the international financial turmoil that the bank has managed to scrape through reasonably well so far.
Read full story US must review regulation of securities firms: PaulsonPosted by UK Economy News
In UK financial news
26Mar 08 The collapse of investment giant Bear Stearns highlights the need to "think more broadly" about regulation of securities firms in the US, Treasury Secretary Henry Paulson said.
Read full story Comments Off Citigroup to pay 1.66 bln dlrs to settle Enron litigationPosted by UK Economy News
In UK financial news
26Mar 08 US banking giant Citigroup said Wednesday it had agreed to pay 1.66 billion dollars to resolve its litigation with Enron creditors dating to the collapse of the former energy trading firm in 2001.
Read full story Comments Off Oil prices jump close to 103 dollarsPosted by UK Economy News
In UK financial news
26Mar 08 Oil prices surged by more than a dollar on Wednesday as traders switched investments away from the weak US currency and into commodities.
Read full story Comments Off Euro shoots past 1.57 dollars on positive German surveyPosted by UK Economy News
In UK financial news
26Mar 08 The European single currency breached 1.57 dollars on Wednesday after a buoyant reading on business sentiment in Germany, the biggest economy in the 15-nation eurozone, analysts said.
Read full story Comments Off German business confidence posts surprise rise in March: IfoPosted by UK Economy News
In UK financial news
26Mar 08 German business confidence posted a surprise jump in March, a key survey showed on Wednesday, pointing to fresh vigour and a bullish outlook in Europe's biggest economy.
Read full story Comments Off British regulator admits failings in Northern Rock fiascoPosted by UK Economy News
In UK financial news
26Mar 08 Britain's top financial services regulator admitted Wednesday to serious failings in its oversight of Northern Rock, the British bank that needed a government bailout to save it from collapse last year.
Read full story Comments Off EU opens antitrust proceedings against Visa EuropePosted by UK Economy News
In UK financial news
26Mar 08 The European Commission said on Wednesday it had opened antitrust proceedings against Visa Europe Ltd over the interchange fees the company charges for cross-border consumer payment card transactions.
Read full story Comments Off Eurozone current account slides into deficit: ECBPosted by UK Economy News
In UK financial news
26Mar 08 The European Central Bank said Wednesday that the eurozone payments current account had an estimated deficit of 10.6 billion euros (16.7 billion dollars) in January.
Read full story Comments Off Silvinit offers to buy potash rival’s stakePosted by UK Economy News
In UK financial news
26Mar 08 Russian potash miner Silvinit has offered to buy out a 25.1 percent stake held by managers of rival miner Uralkali , a source close to Silvinit's main shareholders said on Wednesday.
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