HSBC and StanChart to open Vietnam banks

September 8, 2008 on 10:53 pm | In Business News | No Comments

HANOI (Reuters) - Two European banks, HSBC Holdings and Standard Chartered have won approval to be the first foreign banks to open wholly-owned units in Vietnam, as the communist-run state opens up more to foreign investment.

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HSBC and StanChart to open Vietnam banks

Retail sales fall for third straight month

September 8, 2008 on 7:15 pm | In Business News | No Comments

LONDON (Reuters) - Retail sales fell for the third month running in August as wet and dull weather kept people out of the shops, a survey showed on Tuesday.

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Retail sales fall for third straight month

Fannie, Freddie bailout greeted with cautious optimism

September 8, 2008 on 5:25 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. mortgage rates fell on Monday after the government seized control of Fannie Mae and Freddie Mac, raising hopes the plan would provide at least temporary respite from troubles in housing and credit markets.

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Fannie, Freddie bailout greeted with cautious optimism

Oil up slightly as Hurricane Ike threatens Gulf

September 8, 2008 on 3:26 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. oil prices rose slightly on Monday as Hurricane Ike took aim at the U.S. Gulf of Mexico’s cluster of offshore rigs, most of which remained paralyzed in the wake of last week’s Hurricane Gustav.

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Oil up slightly as Hurricane Ike threatens Gulf

EU anti-fraud agency investigates trade official

September 8, 2008 on 2:52 pm | In Business News | No Comments

BRUSSELS (Reuters) - The European Anti-Fraud Office (Olaf) said on Monday it was launching an investigation into claims by a newspaper that a senior trade official leaked commercially sensitive information in return …

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EU anti-fraud agency investigates trade official

Fannie, Freddie bailout greeted with joy and anxiety

September 8, 2008 on 2:33 pm | In Business News | No Comments

NEW YORK (Reuters) - Wall Street greeted the U.S. government’s seizure of mortgage giants Fannie Mae and Freddie Mac on Monday, hoping it would provide at least temporary respite from the troubles plaguing housing and credit markets.

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Fannie, Freddie bailout greeted with joy and anxiety

FSA fines ex-Moore Europe hedge fund manager

September 8, 2008 on 2:08 pm | In Business News | No Comments

LONDON (Reuters) - The Financial Services Authority (FSA) said on Monday it had fined a former hedge fund manager at Moore Europe Capital Management for market abuse.

FSA fines ex-Moore Europe hedge fund manager

Pound lowest in more than 2 years

September 8, 2008 on 1:52 pm | In Business News | No Comments

NEW YORK (Reuters) - The pound fell to its lowest in more than two years against a broadly strong U.S. dollar on Monday, pressured by data showing factory inflation may have peaked and a U.S. decision to take control of mortgage agencies Fannie Mae and Freddie Mac.

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Pound lowest in more than 2 years

FTSE rally supported by banks

September 8, 2008 on 1:49 pm | In Business News | No Comments

LONDON (Reuters) - The top share index closed up 3.9 percent on Monday, supported by improved sentiment on the banking sector, but trading was severely disrupted with trading on the London Stock Exchange halted for …

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FTSE rally supported by banks

Equities surge on mortgage bail-out

September 8, 2008 on 12:53 pm | In Business News | No Comments

NEW YORK (Reuters) - Shares in mortgage finance companies Fannie Mae and Freddie Mac plunged while their debt soared Monday, one day after the U.S. government took over the companies, as investors bet the action would wipe out stockholders but fully guarantee their bonds.

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Equities surge on mortgage bail-out

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