English news - Business 7

2008-10-13 15:19:00

British savers and businesses with deposits in the collapsed Iceland bank Landsbanki - which ran Icesave in the UK - are to be given extra help to get their money back. Chancellor Alistair Darling said the move would involve taking a security over assets

2008-10-13 15:18:00

PARIS (AFP) - French rogue trader Jerome Kerviel, accused of gambling away billions of euros at Societe Generale, is a "very minor player" compared to the mega-losses run up by banks in the global financial crisis, his lawyers said Monday. "Kerviel is one

2008-10-13 14:40:00

Gordon Brown has called for major reform of the financial system after the Government's £37bn bail-out of three High Street banks. "This cannot simply be a short-term rescue to paper over the cracks," he told City leaders."Only a surgical approach th

2008-10-13 11:53:00

BEIJING (AFP) - China said Monday its trade surplus hit a monthly all-time high of 29.3 billion dollars in September despite slowing global demand brought on by the financial crisis. Exports in September reached 136.4 billion dollars, up 21.5 percent over

2008-10-13 11:49:00

The FTSE 100 index of Britain's leading shares was up around 200 points, or 5%, in early trading as the stock market was boosted by the Government's £37bn bail-out package for three major banks. The index recovered some of its recent losses, after fa

2008-10-13 11:44:00

Gordon Brown has hailed the Government's £37bn bail-out of three high street banks and vowed to be a "rock of stability" in the global financial chaos. The Prime Minister told a Downing Street news conference the action ministers were taking was "unp

2008-10-13 11:44:00

LONDON (AFP) - European governments attacked the financial crisis on several fronts Monday buying into banks and giving huge new loans in a campaign that brought relief to shell-shocked share markets. Stock markets in Europe and Asia rose strongly after a

2008-10-13 11:41:16

MOSCOW, October 13 (RIA Novosti) - Russia's largest mobile handset retailer, Euroset, said on Monday its net profit calculated to Russian Accounting Standards declined 50.5% year-on-year in the first half of 2008 to 85.2 million rubles ($3.25 million).

2008-10-13 11:22:00

LONDON (Reuters) - Barclays executives said on a conference call: * Says expects to resume dividend payments in Q3 2009* CEO says by raising funds with own investors, likes the freedom to makestrategic decisions without government involvement* CEO says ba

2008-10-13 11:12:47

MOSCOW, October 13 (RIA Novosti) - S&P's has placed the ratings of Russian diamond miner Alrosa and rail monopoly Russian Railways (RZD) on the CreditWatch list with a negative outlook, the international rating agency said on Monday. S&P's said the move