English news - Business 6

2008-10-13 18:28:00

WASHINGTON (AFP) - IMF head Dominique Strauss-Kahn said Monday that in the current global financial crisis, those governments that could afford it should consider stimulus plans for their economies. Strauss-Kahn told the annual meeting of the Internationa

2008-10-13 18:27:00

The Dow Jones Industrial Average of top American shares opened up around 4%, boosted by worldwide moves to tackle the global financial crisis. Meanwhile, the FTSE 100 index of Britain's leading firms closed up over 300 points, or 8%, as the stock market w

2008-10-13 15:41:00

LONDON (Reuters) - Governments across the world launched multi-billion dollar bailouts on Monday to shore up tottering global banks and Britain called for a new Bretton Woods agreement to reshape the world financial system. Stocks markets reacted positive

2008-10-13 15:31:10

MOSCOW, October 13 (RIA Novosti) - MDM Bank, one of Russia's top thirty banks, said on Monday its net profit increased almost three times in July-September quarter on quarter to 427.77 million rubles ($16.5 million). "The increase in net profit is relat

2008-10-13 15:31:00

STOCKHOLM (AFP) - US economist Paul Krugman, a prolific New York Times columnist and fierce critic of Washington's economic policies, won the Nobel Economics Prize on Monday, the Nobel jury said. Krugman, 55, a Princeton University professor, has formulat

2008-10-13 15:31:00

PARIS (Reuters) - France will use two funding vehicles to prop up the financial sector, one of which will guarantee bank lending and the other will provide capital to banks in need, President Nicolas Sarkozy said on Monday. The bank lending vehicle will h

2008-10-13 15:30:00

MOSCOW, October 13 (RIA Novosti) - The tough economic situation in Russia and the world will not affect Russian natural gas projects, such as the Nord Stream and South Stream pipelines, the president of the Russian Gas Union said on Monday. "These

2008-10-13 15:28:00

BERLIN (AFP) - European governments launched a multi-pronged attack to combat the financial crisis on Monday, approving hundreds of billions of dollars in loans and buying into banks in a move to end panic on the markets. Governments across the continent,

2008-10-13 15:26:00

Sir Fred Goodwin is stepping down as chief executive of Royal Bank of Scotland, as the company announced it was raising £20bn of new funds in a Government scheme. Sir Fred had been under pressure after the drop in the bank's share price.He is to be r

2008-10-13 15:25:00

WASHINGTON (AFP) - The US Federal Reserve has approved Wells Fargo's takeover of troubled banking rival Wachovia, a deal which would create the largest bank branch network in the United States. "The Federal Reserve Board on Sunday announced its approval o