Read full story
Comments Off
Archive for October 3rd, 2008From the Wild West to Wachovia: Wells Fargo takes on CitiPosted by UK Economy News
In UK financial news
3Oct 08 Californian bank Wells Fargo announced a 15.1-billion-dollar deal to buy troubled US rival Wachovia on Friday in an attempt to outflank Citigroup and its government-backed rescue plan.
Read full story World credit crisis hitting Brazil: ministerPosted by UK Economy News
In UK financial news
3Oct 08 The global financial crisis is hitting Brazil's internal credit market and will slow growth in Latin America's biggest economy next year, Brazilian Finance Minister Guido Mantega said Friday.
Read full story Comments Off AIG plans asset sales to repay US debtPosted by UK Economy News
In UK financial news
3Oct 08 Embattled insurance giant AIG announced plans Friday to sell off "non-core" assets to pay off its loan from the US Federal Reserve, which would conclude a controversial government bailout.
Read full story Comments Off Ford selling stock to pay debtPosted by UK Economy News
In UK financial news
3Oct 08 Ford Motor Co. said Friday it is selling 500 million dollars in stock to retire short-term debt owed by Ford Motor Credit.
Read full story Comments Off Sputtering US economy loses 159,000 jobsPosted by UK Economy News
In UK financial news
3Oct 08 The struggling US economy lost 159,000 jobs in September as the weight of the housing collapse and credit crunch hit a broad swath of industries, government data showed Friday.
Read full story Comments Off Dutch government nationalises Dutch activities of FortisPosted by UK Economy News
In UK financial news
3Oct 08 The Netherlands government nationalised the Dutch activities of embattled Belgian-Dutch banking group Fortis Friday in a 16.8 billion euro deal to ease pressures from the global financial crisis.
Read full story Comments Off Europe seeks way out of financial stormPosted by UK Economy News
In UK financial news
3Oct 08 European leaders looked set to cobble together a response to the global financial crisis at a mini-summit on Saturday despite disagreements that killed off talk of a Europe-wide bail-out package.
Read full story Comments Off Netherlands government nationalises Dutch part of FortisPosted by UK Economy News
In UK financial news
3Oct 08 The Netherlands government confirmed Friday it was nationalising the Dutch activities of embattled Belgian-Dutch banking group Fortis at a cost of 16.8 billion euros (23.5 billion dollars) in a move it hoped would reassure investors.
Read full story Comments Off Aer Lingus says plans ’substantial savings’ to survivePosted by UK Economy News
In UK financial news
3Oct 08 Irish airline Aer Lingus said Friday it planned to urgently implement "substantial savings" in order to remain an independent company.
Read full story Comments Off BHP seen pressing on with Rio bid despite crisisPosted by UK Economy News
In UK financial news
3Oct 08 Miner BHP Billiton may have to pay more for a $55 billion (31 billion pound) loan as the credit crisis deepens, but this is unlikely to force it to abandon its $95 billion all-share takeover bid for rival Rio Tinto .
Read full story Comments Off |
|
Subscribe to RSS
