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XML Business NewsEuropean markets recover on rate cut hopes (AP)published about 4 hours ago
AP - European stocks posted modest gains Tuesday ahead of Wall Street's opening on hopes the world's leading central banks will cut interest rates soon, possibly in a coordinated manner to deal with the world financial crisis.
Oil rebounds as Libya floats output cut (AFP)published about 4 hours ago
AFP - Oil prices rebounded by three dollars a barrel Tuesday after Libya called on crude producers to cut output to protect their incomes if the market continued trading at current levels.
Europe Seeks Unified Policy on Bank Crisispublished about 5 hours ago
Finance ministers from the European Union, which has had trouble coordinating policy, gathered to seek common ground to buttress the banking system.
Two Japanese and American win physics Nobelpublished about 5 hours ago
STOCKHOLM (Reuters) - Two Japanese scientists and a Tokyo-born American shared the 2008 Nobel Prize for physics for discoveries in sub-atomic particles, the prize committee said on Tuesday.
West Ham defiant despite bank hitpublished about 5 hours ago
West Ham insist they will not be affected by Icelandic bank Landsbanki being placed into receivership.
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Popular Business News» Australia and Japan Make Defensive Moves» Icesave savers warned on accounts» Iceland Seeks Emergency Loan From Russia» Nationalisations and rescues stepped up in finance debacle (AFP)» Greenberg blames AIG woes on shorts, accounting (Reuters)» Wall Street bounces back after global rout (AP)» UK banks in government funding talks as crisis grips (Reuters)» Fed to buy massive amounts of short-term debt (AP)» Oil rises above $91 after steep slide (Reuters)» Oil rebounds after falling to 8-month low (AP) |
AMD spins off plants in $8.4bn Abu Dhabi dealpublished about 9 hours ago
Advanced Micro Devices plans to spin off its chip plants and receive a lifeline of up to $8.43bn from Abu Dhabi as it struggles to ... more
AMD to sell chip plants in $8.4bn Abu Dhabipublished about 9 hours ago
Advanced Micro Devices plans to spin off its chip plants and receive a lifeline of up to $8.43bn from Abu Dhabi as it struggles to ... more
Carmakers float EU loan requestpublished about 14 hours ago
Carmakers facing falling sales asked Brussels for a €40bn ($55bn, £31bn) loan package yesterday. But the request from Acea, the European carmakers' lobby...
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Icesave savers warned on accountspublished less than 1 hour ago
Iceland's government takes control of the country's second largest bank, Landsbanki, which owns Icesave in the UK.
Tata announces new plant for Nanopublished about 3 hours ago
India's Tata Motors is to build the world's cheapest car, the Nano, in Gujarat state following a row over land for its original site.
A&L fined record £7m over PPI salespublished about 3 hours ago
Alliance & Leicester has apologised to customers after the FSA found 'serious failings' in the sale of hundreds of thousands of payment protection insurance policies
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Paris warns on executive paypublished about 4 hours ago
The French government has ordered companies to rein in executive pay and curb reward for failing top management or face legislation early next year
Paris warns companies on executive paypublished about 4 hours ago
The French government has ordered companies to rein in executive pay and curb reward for failing top management or face legislation early next year
Iceland nationalises Landsbankipublished about 7 hours ago
Iceland's second largest bank was nationalised as the beleaguered country used new powers that allow it to seize control of public companies in the financial ... more
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CBA in talks to buy BankWestpublished about 9 hours ago
Commonwealth Bank of Australia is in exclusive talks to buy BankWest, the Australian subsidiary of the UK's beleaguered HBOS, in a deal valuing the unit ... more
Thai police fire tear gas at protesterspublished about 10 hours ago
Police in Thailand have fired tear gas at protesters as about 3,000 demonstrators gathered outside parliament vowing to prevent the opening session of parliament, due ... more
Australia slashes interest rate by 1%published about 11 hours ago
Australia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, a dramatic attempt to insulate banks, households and firms ... more
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Mexico's Slim proposes works commissionpublished Tue, Sep 30 2008 20:31 GMT
Carlos Slim, the Mexican billionaire, called for the creation of a "national infrastructure commission" to overcome what he described as significant "deficiencies" in the government's ... more
Mexico's Slim proposes works commissionpublished Tue, Sep 30 2008 20:31 GMT
Carlos Slim, the Mexican billionaire, called for the creation of a 'national infrastructure commission' to overcome what he described as significant 'deficiencies' in the government's ... more
Argentina faces court battle over airlinepublished Tue, Sep 30 2008 12:57 GMT
Argentina's government could face a bitter legal battle over the renationalisation of Aerolineas Argentinas, the flag carrier
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AMD finds 'fabless' alternativepublished about 1 hour ago
The chip company is not going fabless in the classic sense of the word: a design house without any manufacturing facilities.
Has open source won--or has it lost?published about 3 hours ago
Open source hasn't achieved all the objectives of its most ardent followers, but it has dramatically changed how software is developed and people collaborate.
Has open source won--or has it lost?published about 3 hours ago
Open source hasn't achieved all the objectives of its most ardent followers but it has dramatically changed how software is developed and people collaborate.
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Fed To Buy Commerical Paperpublished about 1 hour ago
The central bank is setting up a special lending facility to help thaw credit markets.
Daimler Stalls Productionpublished about 2 hours ago
The German carmaker decides to scale back production to keep up with soaring costs and dropping profits.
RBS plunges on funding fearspublished about 2 hours ago
Shares in Royal Bank of Scotland plunged on talk that it had approached the UK government about a capital injection, but defensive stocks helped the ... more
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Secure savings scheme cuts ratespublished about 5 hours ago
Government-backed National Savings and Investments cuts interest rates on some deals as savers seek security.
Iceland rescues Landsbankipublished about 7 hours ago
Iceland's government takes control of the country's second largest bank, Landsbanki, which owns Icesave in the UK.
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