English news - Business 5

2008-10-13 21:44:00

LONDON (Reuters) - Philip Green, the billionaire owner of Bhs department store chain and Arcadia fashion group, said on Monday he did not want the businesses of Icelandic retail investor Baugur to fail. "I'm not interested in these businesses falling over

2008-10-13 20:02:23

MOSCOW, October 13 (RIA Novosti) - Russian President Dmitry Medvedev has signed a bill on insurance of bank deposits, increasing the amount guaranteed to 700,000 rubles ($26,800) from 200,000 rubles, the Kremlin said Monday. Increased payments will be m

2008-10-13 19:37:00

LONDON (AFP) - Oil prices rallied Monday as world leaders united to tackle a financial crisis engulfing Europe and the United States, analysts said. New York's main contract, light sweet crude for delivery in November jumped 2.92 dollars to 80.62 dollars

2008-10-13 19:14:00

Germany has confirmed it will pump £63bn into its banks and put up £315bn in interbank lending guarantees as Europe pulls together to tackle the global financial crisis. Chancellor Angela Merkel announced the package after its terms were agreed

2008-10-13 19:08:00

LONDON (AFP) - Global stock markets staged spectacular gains Monday as governments pumped billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors into buying shares. Wall Street skyrocketed at the opening, with the

2008-10-13 19:05:00

NEW YORK (Reuters) - Oil prices rose more than $3 to $81 a barrel on Monday as global markets rallied after governments launched bailout schemes to shore up banks. Britain, Germany, France, Italy and other European governments all announced rescue

2008-10-13 18:46:00

NEW YORK (Reuters) - The world's financial stewards bet solidly on recapitalizing ailing banks as the fastest way out of the financial crisis in a clear new direction on Monday that reinvigorated stock markets after their worst week in history. U.S. stock

2008-10-13 18:39:00

BERLIN (AFP) - Governments around the globe launched a multi-pronged attack on the finance crisis Monday, with markets enjoying record one-day rises as Europe approved more than a trillion dollars in loans. After a relentless downward spiral in the last f

2008-10-13 18:31:00

LONDON (Reuters) - House of Fraser, the third-largest department store group, and toy store Hamleys, both part-owned by Icelandic investor Baugur, said Monday they were unaffected by the financial crisis in Iceland. Their comments came as retail billionai

2008-10-13 18:31:00

The FTSE 100 has staged a dramatic recovery at news of the Government's 'unprecedented' £37bn bail-out of three High Street banks. It ended the day 8.26% higher at 4256.9 - the second biggest one-day rise since 1984.There were similar gains else