English news - Business 1

2008-10-14 11:54:00

LONDON (AFP) - Oil prices rallied further on Tuesday after world leaders rolled out measures to tackle the global financial crisis, dealers said. New York's main contract, light sweet crude for delivery in November jumped 2.54 dollars to 83.73 dollars a b

2008-10-14 11:52:00

BRUSSELS (AFP) - Shares in Fortis bank were worth barely two euros when they resumed trading Tuesday for the first time since the group was broken up earlier this month, down over 60 percent from the previous closing price. Fortis shares have not traded s

2008-10-14 11:51:38

MOSCOW, October 14 (RIA Novosti) - Aeroflot's consolidated net profit for the first half of 2008 calculated to International Financial Reporting Standards (IFRS) fell 55% year-on-year to $72 million, Russia's flagship air carrier said in a statement Tue

2008-10-14 11:45:00

London's leading share index, the FTSE 100, jumped more than 4% in early trading as world markets soared for a second day on the back of global financial rescue plans for troubled banks.  US President George Bush looks set to reveal plans to inject t

2008-10-14 11:44:00

The inflation rate has gone up to 5.2%, the highest level since 1992, after gas and electricity price hikes. September's figure for the Consumer Prices Index compares with a rate of 4.7% in August.The latest figure is well above the Government's target of

2008-10-14 11:42:00

LONDON (AFP) - Britain's annual inflation surged to a 16-year high point of 5.2 percent in September owing to soaring energy bills, official data showed on Tuesday. Consumer Prices Index (CPI) annual inflation -- the government's target measure -- had sto

2008-10-14 11:41:00

LONDON (Reuters) - Consumer price inflation hit a 16-year high of 5.2 percent in September, but Bank of England policymakers had anticipated the rise which is unlikely to stand in the way of further interest rate cuts. The Bank said last week when it cut

2008-10-14 11:28:00

The number of first-time buyers getting on to the property ladder slumped to a record low during August, the Council of Mortgage Lenders has said. At the same time, new figures have revealed that estate agents are also selling less than one property a wee

2008-10-14 11:20:00

LONDON (Reuters) - Northern Rock said it was repaying its emergency government loan more quickly than planned, but warned the housing market slump could hinder further progress. In a trading statement, Northern Rock said the outstanding balance on the loa

2008-10-14 11:13:00

LONDON (Reuters) - The decline in house prices accelerated in September and sales fell to the lowest level in at least 30 years, a survey showed Tuesday, in a sign the housing market slump may have some way to go yet. The Royal Institution of Chartered Su