English news - Business 4

2008-10-14 01:33:00

City executives have been criticised for raking in record-breaking multi-million-pound salaries that "defy gravity". While consumers tighten their belts as the credit crunch bites, the average pay for lead executives in FTSE 100 companies reached a record

2008-10-13 23:14:00

NEW YORK (AFP) - Shares in Morgan Stanley soared 87 percent on Monday after the US investment bank secured a cash injection of 9.0 billion dollars from Mitsubishi UFJ Financial Group, Japan's largest bank. At the end of a remarkable day on Wall Street dur

2008-10-13 23:12:00

NEW YORK (AFP) - Oil prices rallied Monday, lifted by a burst of optimism after world leaders formed a united front to tackle the global financial crisis. New York's main contract, light sweet crude for delivery in November, leapt 3.49 dollars to close at

2008-10-13 23:10:00

NEW YORK (AFP) - Nobel economics prize winner Paul Krugman said Monday that the global financial crisis is "terrifying," but expressed cautious hope that a corner is being turned. The Princeton University professor, who was awarded the prestigious prize e

2008-10-13 23:03:00

NEW YORK (Reuters) - Governments around the world bet hundreds of billions of dollars to rescue failing banks on Monday, sending world stocks soaring and giving Wall Street its biggest one-day gain ever. Britain, Germany, France and other European countri

2008-10-13 23:00:00

WASHINGTON (AFP) - Governments around the world launched multi-pronged attacks on the financial crisis Monday, sparking record gains on stock markets amid hopes of recovery in the humbled banking sector. After spiralling relentlessly downwards in the last

2008-10-13 22:50:00

NEW YORK (Reuters) - Wall Street roared back from its worst week ever with one of its best single days ever on Monday, as governments pledged to pour cash into struggling banks to restore confidence in a rocky global financial system. Bargain-hunting inve

2008-10-13 22:46:00

One of Britain's most successful businessmen has welcomed the Government's £37bn bank bail-out. Speaking on Jeff Randall Live, Sir Philip Green, the owner of Topshop andBHS, said the part-nationalisation of Royal Bank of Scotland, HBOS and Lloyds TSB

2008-10-13 22:24:00

The Dow Jones Industrial Average of top American shares closed up 936 points at 9387.6 - boosted by worldwide moves to tackle the global financial crisis. In the UK, the FTSE 100 index of Britain's leading firms closed up over 300 points, or 8%, as the st

2008-10-13 22:20:00

NEW YORK (Reuters) - Morgan Stanley stock nearly doubled after Japan's Mitsubishi UFJ Financial Group (MUFG) completed its $9 billion (2.88 billion pound) investment in the bank on Monday. U.S. government support helped Morgan nail down a critical dea