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Bank eyes 50 bln pounds mortgage rescue

LONDON (Reuters) - The Bank of England will next week announce plans to swap 50 billion pounds of government bonds for UK bank mortgages in an effort to break a lending squeeze gripping the home loan market, the BBC said on Friday.

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Bank eyes 50 bln pounds mortgage rescue

50 bln pounds mortgage rescue eyed

LONDON (Reuters) - The Bank of England will next week announce plans to swap 50 billion pounds of government bonds for UK bank mortgages in an effort to break a lending squeeze gripping the home loan market, the BBC said on Friday.

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50 bln pounds mortgage rescue eyed

Global stocks soar on robust corporate earnings

NEW YORK (Reuters) - Global stocks soared on Friday on U.S. earnings reports, including results from Citigroup, that gave investors hope the worst of a sharp credit crunch that has battered markets for months was over.

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Global stocks soar on robust corporate earnings

Banks in Clear Channel case ask for stay of trial

NEW YORK (Reuters) - The banks being sued in the dispute over the $20 billion (10 billion pound) Clear Channel Communications Inc leveraged buyout asked the Supreme Court of Texas to stay all proceedings in a trial court there, according to court documents.

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Banks in Clear Channel case ask for stay of trial

Banks in Clear Channel case ask for stay of trial

NEW YORK (Reuters) - The banks being sued in the dispute over the $20 billion (10 billion pound) Clear Channel Communications Inc leveraged buyout asked the Supreme Court of Texas to stay all proceedings in a trial court there, according to court documents.

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Banks in Clear Channel case ask for stay of trial

Strike to shut UK refinery and affect Forties

LONDON (Reuters) - Workers will launch a two-day strike on April 27 at Ineos’ Grangemouth refinery in Scotland, forcing it to shut down with a significant impact on the North Sea Forties pipeline system that terminates there, both the union and company said on Friday.

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Strike to shut UK refinery and affect Forties

Strike to shut UK refinery and affect Forties

LONDON (Reuters) - Workers will launch a two-day strike on April 27 at Ineos’ Grangemouth refinery in Scotland, forcing it to shut down with a significant impact on the North Sea Forties pipeline system that terminates there, both the union and company said on Friday.

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Strike to shut UK refinery and affect Forties

Citigroup to slash jobs after profit hit

NEW YORK (Reuters) - Citigroup Inc posted its second straight quarterly loss on Friday, hurt by more than $16 billion of write-downs and costs related to credit losses, and said it will cut another 9,000 jobs.

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Citigroup to slash jobs after profit hit

Oil hits new record

NEW YORK (Reuters) - Oil prices rose on Friday to a record over $116 a barrel as jitters over oil supplies from Nigeria …

Oil hits new record

London hotspots hardest hit by property downturn

LONDON (Reuters) - London’s most exclusive neighbourhoods, known for their exponential house prices, are proving to be the hardest hit by the downturn in the property market, a survey showed on Friday.

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London hotspots hardest hit by property downturn