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BHP approves $1.9 billion Worsley Alumina expansion

SYDNEY (Reuters) - BHP Billiton said it would spend nearly $2 billion (1 billion pounds) expanding an alumina refinery in Australia, saying the outlook for the powder-like aluminium-making material was strong.

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BHP approves $1.9 billion Worsley Alumina expansion

Fed lowers U.S. rates and hints cuts may be at end

WASHINGTON (Reuters) - The Federal Reserve lowered U.S. interest rates by a modest quarter percentage point on Wednesday, as expected, and hinted the move could be the last in a series meant to buffer the economy from a credit crunch and housing downturn.

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Fed lowers U.S. rates and hints cuts may be at end

Credit losses may be half of estimates

LONDON (Reuters) - The scale of losses and the economic fallout from the credit crunch may not be as bad as feared and sub-prime write-offs could end up costing less than half market forecasts, the Bank of England said on Thursday.

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Credit losses may be half of estimates

Drug firms question investment in UK

LONDON (Reuters) - Global drugmakers have started to question their investment in Britain, following a government decision to scrap a 50-year-old drug pricing scheme, the outgoing head of the country’s industry body said on Thursday.

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Drug firms question investment in UK

U.S. Fed lowers rates

WASHINGTON (Reuters) - The Federal Reserve lowered U.S. interest rates by a modest quarter percentage point on Wednesday and hinted the move could be the last in a series meant to buffer the economy from a credit crunch and housing downturn.

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U.S. Fed lowers rates

Glaxo wins U.S. FDA approval for wider Advair use

WASHINGTON (Reuters) - U.S. health regulators have said GlaxoSmithKline Plc’s Advair is safe and effective to more widely treat patients with chronic obstructive pulmonary disease (COPD), the drugmaker said on Wednesday.

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Glaxo wins U.S. FDA approval for wider Advair use

U.S. Fed lowers interest rates

WASHINGTON (Reuters) - The Federal Reserve lowered U.S. interest rates by a modest quarter percentage point on Wednesday and hinted the move could be the last in a series meant to buffer the economy from a credit crunch and housing downturn.

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U.S. Fed lowers interest rates

UK and France urge EU to do more to help small businesses

LONDON (Reuters) - The leaders of Britain and France urged the European Union on Wednesday to do more to help small businesses and to boost firms’ access to finance at a time when funds are scarce because of the credit crunch.

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UK and France urge EU to do more to help small businesses

U.S. Fed cuts key interest rate to 2 pct

WASHINGTON (Reuters) - The Federal Reserve lowered a key U.S. interest rate by a modest quarter percentage point on Wednesday in what may be the last of a series of cuts aimed at aiding an economy hit hard by a housing slump and credit market turmoil.

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U.S. Fed cuts key interest rate to 2 pct

PepsiCo buys UK vitamin water brand V Water

NEW YORK (Reuters) - PepsiCo said on Wednesday it acquired V Water, adding a new front to the war over vitamin-enhanced bottled water.

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PepsiCo buys UK vitamin water brand V Water