English news - Business 3

2008-10-14 05:09:00

WASHINGTON (AFP) - US President George W. Bush and his Treasury Secretary Henry Paulson were Tuesday to unveil details of a comprehensive financial rescue package that includes investing hundreds of billions of government dollars into several troubled ban

2008-10-14 03:53:00

HONG KONG (Reuters) - Asian stocks surged on Tuesday, with Japan's Nikkei up more than 12 percent, after world policymakers led by Europe readied plans to inject cash into banks in the biggest effort yet to ease the global financial crisis. Government bon

2008-10-14 03:51:00

LONDON (Reuters) - Retail sales fell for a fourth straight month in September on a like-for-like basis as furniture stores recorded their worst performance in at least eight years, a survey showed on Tuesday. The British Retail Consortium said like-for-li

2008-10-14 03:50:00

LONDON (Reuters) - The decline in British 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 Char

2008-10-14 03:48:00

NEW YORK (Reuters) - The U.S. government agreed on Monday to take $25 billion (14 billion pound) stakes in several big banks in a bid to shore up the banking system and arrest the financial crisis, sources familiar with the situation said. The move fo

2008-10-14 03:46:00

TOKYO (AFP) - Japan's government on Tuesday announced measures aimed at stabilising the ailing stock market, including a loosening of restrictions on companies buying back their own shares. The moves helped to fuel a powerful rally on the Tokyo stock mark

2008-10-14 03:19:00

MADRID/NEW YORK (Reuters) - Spain's Santander bank said it will acquire the remaining stake of Sovereign Bancorp it does not own for $1.9 billion (1.09 billion pound) in stock, as the euro zone's largest bank hunted for bargains in a sector pummelled

2008-10-14 03:09:00

TOKYO (AFP) - Japanese share prices soared more than 10 percent in early trade on Tuesday following spectacular gains on overseas markets on hopes of an easing of the global financial crisis. The Tokyo Stock Exchange's benchmark Nikkei-225 index rose 866.

2008-10-14 01:52:00

DETROIT, Michigan (AFP) - Chrysler's top executive confirmed Monday that the company is holding talks about a potential alliance with another automaker, but cautioned no deal had been reached. "I can tell you that we have approached and have been approach

2008-10-14 01:40:00

LONDON (Reuters) - Property group Land Securities is in exclusive talks to sell its outsourcing arm Trillium to privately owned Telereal, The Financial Times reported on Tuesday. The newspaper said a deal to sell the division to a Middle East consortium f