FTSE down despite central bank action

September 18, 2008 on 8:13 pm | In Business News | No Comments

LONDON (Reuters) - The top share index ended 0.7 percent lower on Thursday in choppy trade as volatility reigned despite a concerted move by central banks to boost liquidity and Lloyds TSB’s deal to buy HBOS .

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FTSE down despite central bank action

HSBC says pulls out of KEB deal

September 18, 2008 on 7:28 pm | In Business News | No Comments

SEOUL (Reuters) - HSBC Holdings said on Friday it had dropped its offer to buy a 51 percent stake in South Korea’s Korea Exchange Bank from U.S. private equity firm Lone Star.

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HSBC says pulls out of KEB deal

Bank worries soothed by debt and short-selling plans

September 18, 2008 on 7:27 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. and British officials intervened to restore confidence in battered global financial markets on Thursday, helping Wall Street bounce back to its best day in six years.

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Bank worries soothed by debt and short-selling plans

Global crackdown on short selling intensifies

September 18, 2008 on 6:43 pm | In Business News | No Comments

WASHINGTON/LONDON (Reuters) - The Financial Services Authority imposed a temporary ban on short-selling financial stocks on Thursday, saying the measure was needed to prevent further instability in the financial sector.

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Global crackdown on short selling intensifies

HSBC to sell stake in Mexican lender

September 18, 2008 on 5:27 pm | In Business News | No Comments

MEXICO CITY (Reuters) - A unit of Europe’s biggest bank HSBC said on Thursday it had agreed to sell its minority stake in Mexican micro credit lender …

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HSBC to sell stake in Mexican lender

FSA bans shorting financial stocks

September 18, 2008 on 4:54 pm | In Business News | No Comments

LONDON (Reuters) - The Financial Services Authority imposed a temporary ban on short-selling financial stocks on Thursday, saying the measure was needed to prevent further instability in the financial sector.

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FSA bans shorting financial stocks

Stocks soar on U.S. crisis plan talk

September 18, 2008 on 4:43 pm | In Business News | No Comments

NEW YORK (Reuters) - The U.S. government began shopping around a plan to create a fund to mop up the toxic housing-related bad debt that has blown big holes in bank balance sheets in a move that triggered a …

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Stocks soar on U.S. crisis plan talk

Alitalia faces liquidation as buyers pull out

September 18, 2008 on 2:08 pm | In Business News | No Comments

ROME (Reuters) - Italian airline Alitalia faced the prospect of liquidation after a business group that had mounted a rescue bid withdrew its offer on Thursday, citing union opposition.

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Alitalia faces liquidation as buyers pull out

FSA bans short-selling financial stocks

September 18, 2008 on 2:07 pm | In Business News | No Comments

LONDON (Reuters) - The Financial Services Authority imposed a temporary ban on short-selling financial stocks on Thursday, saying the measure was needed to prevent further instability in the financial sector.

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FSA bans short-selling financial stocks

Central banks open taps to tackle market squeeze

September 18, 2008 on 1:45 pm | In Business News | No Comments

WASHINGTON/FRANKFURT/TOKYO (Reuters) - The world’s top central banks joined forces on Thursday to throw a multi-billion dollar lifeline to global markets in a dramatic effort to free up bank-to-bank lending frozen by upheavals on Wall Street.

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Central banks open taps to tackle market squeeze

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