English news - Business 10

2008-10-13 02:46:00

High Street banks HBOS and Royal Bank of Scotland could be effectively nationalised today as the Government puts its £500bn financial rescue package into action. Lloyds TSB and Barclays are also set to ask for taxpayer cash in return for shares in or

2008-10-13 01:54:00

PARIS (AFP) - European Union leaders hammered out a plan Sunday to confront the financial crisis which will involve hundreds of billions of dollars of new initiatives to head off a feared "meltdown." Two weeks after the Wall Street collapse of Lehman Brot

2008-10-13 01:31:00

PERTH (Reuters) - Oil rose over $3 to top $80 a barrel on Monday, recouping some of previous session's 10 percent loss, in a relief rally as leaders in the United States and euro zone took steps to pull the banking sector away from a deeper collap

2008-10-13 01:07:00

PARIS (Reuters) - Nations from Europe to Australia rushed out plans on Sunday to shore up their banks, trying to halt a markets crash with pledges to back lending, buy stakes in financial institutions and take other emergency steps. European leaders meeti

2008-10-13 01:01:00

CANNES, France (AFP) - A golden age for television beckons as established TV companies go head on with the Internet and other new digital media platforms to woo audiences worldwide. And with a fast growing variety of new forms of audiovisual entertainment

2008-10-13 00:51:00

LONDON (Reuters) - The Icelandic government has appointed lawyers to look at suing the British government over comments made about a UK subsidiary of Kaupthing Bank, a day before it collapsed, a media report said on Sunday. Warnings by the Treasury that a

2008-10-13 00:20:00

WASHINGTON (AFP) - The heads of the World Bank and International Monetary Fund on Sunday assured developing countries that their needs would not be forgotten in efforts to tackle the financial crisis. Picking up on complaints that the crisis will put rece

2008-10-12 23:30:00

WASHINGTON (AFP) - An unprecedented worldwide effort costing trillions of dollars to tame the financial crisis faces an acid test Monday when battered Asian stock markets pass a critical judgment on the measures. World finance leaders have mounted an extr

2008-10-12 23:10:00

Lloyds TSB's original takeover of HBOS has collapsed and now the terms of a new deal are being negotiated, Sky News has learned. Lloyds had initially agreed to pay £9.8bn for its rival but there were fears it was paying too much because HBOS shares h

2008-10-12 22:58:00

PARIS (Reuters) - Countries from Europe to Australia rushed out plans on Sunday to shore up their banks, trying to stem a crash in markets by pledging to back lending, buy stakes in financial institutions and take other measures. European leaders at an em