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CBI cuts economic growth forecast

LONDON (Reuters) - Global credit turmoil will hurt economic growth well into next year, the Confederation of British Industry said on Tuesday as it cut …

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CBI cuts economic growth forecast

Oil falls below $100 on dollar and demand concerns

SYDNEY (Reuters) - Oil fell over $1 to below $100 a barrel on Tuesday, extending a 10 percent fall from last week’s record amid a build-up in U.S. crude stocks, concerns over slower energy demand and a recovering U.S. dollar.

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Oil falls below $100 on dollar and demand concerns

Some foreign investors gamble on Zimbabwe

HARARE (Reuters) - Foreign investors prepared to brave Zimbabwe’s political and economic volatility could win big if Saturday’s election brings policy changes in the crisis-hit but resource-rich country.

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Some foreign investors gamble on Zimbabwe

CBI cuts economic growth forecast for 2008

LONDON (Reuters) - Global credit turmoil will hurt economic growth well into next year, the Confederation of British Industry said on Tuesday as it cut its 2008 and 2009 growth forecasts.

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CBI cuts economic growth forecast for 2008

House-buyer numbers drop to record low

LONDON (Reuters) - The global credit crunch is hitting the housing market, pushing house-buyer numbers to a record low, figures showed on Tuesday.

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House-buyer numbers drop to record low

Senator hails US ban on UK firm that sold to Iran

WASHINGTON (Reuters) - The head of the U.S. Senate Banking Committee on Monday hailed a Commerce Department decision to suspend the export privileges of a British company that had illegally shipped three U.S.-made aircraft to Iran and was preparing to send it three more.

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Senator hails US ban on UK firm that sold to Iran

U.S. stocks up and bonds down on upbeat credit view

NEW YORK (Reuters) - U.S. stocks jumped and bond prices tumbled on Monday as fears over the global credit crisis eased as JP Morgan boosted its bid for troubled investment bank Bear Stearns and U.S. existing home sales climbed.

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U.S. stocks up and bonds down on upbeat credit view

Oil slides further on dollar and demand worries

NEW YORK (Reuters) - Oil prices dropped sharply on Monday, extending a slide from last week’s record to 10 percent amid a recovery in the U.S. dollar and lingering worries over slowing energy demand.

Oil slides further on dollar and demand worries

JPMorgan raises Bear bid, grabs stake

NEW YORK (Reuters) - JPMorgan Chase & Co on Monday raised its takeover offer for Bear Stearns Cos to about five times its original bid and struck a deal to buy nearly 40 percent of the bank, all but locking up the controversial acquisition.

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JPMorgan raises Bear bid, grabs stake

U.S. stocks up as credit worries abate

NEW YORK (Reuters) - U.S. stocks jumped sharply and bonds fell on Monday as JP Morgan moved to complete a sharply higher bid for troubled investment bank Bear Stearns, easing nervous investors’ fears about a global credit crisis.

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U.S. stocks up as credit worries abate