English news - Business 8

2008-10-13 11:05:00

LONDON (Reuters) - Governments across the world moved on Monday to shore up confidence in the tottering global financial system with a slew of bank bailouts worth hundreds of billions of dollars. The moves were designed to stave off the world's worst fina

2008-10-13 10:56:43

MOSCOW, October 13 (RIA Novosti) - Russia's largest mobile handset retailer, Euroset, the subject of a recent takeover, has closed its two subsidiaries in India, a spokeswoman for the company said on Monday. Euroset, which has over 5,000 retail outlets

2008-10-13 10:42:00

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 10:27:00

LONDON (Reuters) - Britain bailed out three major banks with 37 billion pounds on Monday, as European governments used taxpayers' cash to take control and boost confidence in the battered industry. In return for the government's cash, which could make it

2008-10-13 10:19:00

Gordon Brown has hailed the Government's "unprecedented" £37bn bail-out of three high street banks - RBS, HBOS and Lloyds TSB. The Prime Minister said it was essential for the whole country from families to business. The move has also been welco

2008-10-13 10:17:00

MOSCOW, October 13 (RIA Novosti) - Russia\'s largest mobile handset retailer, Euroset, the subject of a recent takeover, has closed its two subsidiaries in India, a spokeswoman for the company said on Monday. Euroset, which has over 5,000 retail outlets

2008-10-13 10:02:00

WASHINGTON, October 13 (RIA Novosti) - Russia's second largest bank, VTB, will apply to state-controlled national development bank, Vnesheconombank, for a loan to refinance its $11.4 billion foreign liabilities in 2008-2009, VTB CEO Andrei Kostin has

2008-10-13 07:35:00

Hong Kong share prices ended the morning up 3.2% as markets across Asia rallied on international efforts to stabilise the global financial system. The benchmark Hang Seng index rebounded from its worst weekly decline in a decade to reach midday up 478.8 p

2008-10-13 07:10:00

TOKYO (AFP) - The Japanese government and central bank are to stop selling their two-trillion-yen (20-billion-dollar) stake in domestic banks to avoid putting further pressure on finance stocks, a report said Monday. The government and the Bank of Japan b

2008-10-13 07:02:00

WASHINGTON (AFP) - US Republican presidential nominee John McCain is working on a new economic plan designed to help rank-and-file investors as well as homeowners facing the loss of their homes, an adviser to the candidate has said. "I think it goes along