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Archive for October 4th, 2008Belgian govt mulls sale or nationalisation of troubled FortisPosted by UK Economy News
In UK financial news
4Oct 08 The Belgian government was mulling the future of Fortis over the weekend, amid speculation that it could totally nationalise the Belgian part of the troubled banking group or sell assets to BNP Paribas.
Read full story European leaders vow to fight financial stormPosted by UK Economy News
In UK financial news
4Oct 08 The leaders of Europe's four main economic powers vowed Saturday to protect fragile banks from the global financial crisis but insisted on sanctions against the chiefs of failed banks.
Read full story Comments Off T-Mobile admits losing data for 17 million customers: statementPosted by UK Economy News
In UK financial news
4Oct 08 Europe's leading telecommunications company, Deutsche Telekom, admitted Saturday that it has lost confidential data belonging to 17 million T-mobile clients.
Read full story Comments Off German bank announces collapse of 35 billion euro rescuePosted by UK Economy News
In UK financial news
4Oct 08 German bank Hypo Real Estate (HRE) said Saturday that a planned 35-billion-euro (48-billion-dollar) rescue had fallen through after the banking consortium involved pulled out of the deal.
Read full story Comments Off EU leaders agree to seek early release of EIB funds: BrownPosted by UK Economy News
In UK financial news
4Oct 08 European leaders have agreed to ask for the early release of 32 billion euros in European funds to help small businesses weather the global finance crisis, British Prime Minister Gordon Brown said Saturday.
Read full story Comments Off Failed bank chiefs to face sanctions: SarkozyPosted by UK Economy News
In UK financial news
4Oct 08 The leaders of Britain, France, Germany and Italy vowed at an emergency summit Saturday to help European banks and financial institutions in trouble but also to sanction the heads of failed banks, President Nicolas Sarkozy said.
Read full story Comments Off Iran says oil under 100 dollars is ‘unsuitable’Posted by UK Economy News
In UK financial news
4Oct 08 Iranian Oil Minister Gholam Hossiein Nozari said on Saturday that a price of under 100 dollars for a barrel of crude oil is "unsuitable."
Read full story Comments Off IMF chief calls for united European response to crisisPosted by UK Economy News
In UK financial news
4Oct 08 IMF chief Dominique Strauss-Kahn called Saturday on European countries to provide a united response to the financial crisis, following talks with French President Nicolas Sarkozy.
Read full story Comments Off Britain to seek quick release of European business fundPosted by UK Economy News
In UK financial news
4Oct 08 Britain will urge the early release of 12 billion pounds (15 billion euros, 21 billion dollars) in funds committed to helping small business in Europe, when Prime Minister Gordon Brown meets with other European leaders Saturday.
Read full story Comments Off 20th Century Fox strikes Bollywood dealPosted by UK Economy News
In UK financial news
4Oct 08 Twentieth Century Fox announced Saturday it had struck a multiple movie agreement with a top Indian producer, part of a Hollywood trend to reach out to Indian cinema.
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