U.S. launches all-out attack on credit crisis

September 19, 2008 on 8:26 pm | In Business News | No Comments

WASHINGTON (Reuters) - The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression, readying a plan to tap hundreds of billions of dollars in taxpayer funds to buy up toxic mortgage-related debt.

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U.S. launches all-out attack on credit crisis

Lehman and Barclays pact gets revised

September 19, 2008 on 6:56 pm | In Business News | No Comments

NEW YORK (Reuters) - The terms of Barclays’ planned acquisition of Lehman Brothers main North American businesses have been revised, pending court approval, …

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Lehman and Barclays pact gets revised

Oil posts biggest 3-day gain since 1998

September 19, 2008 on 4:28 pm | In Business News | No Comments

NEW YORK/LONDON (Reuters) - Oil prices rose almost 7 percent on Friday to cap their biggest three-day rally in a decade on expectations a sweeping U.S. government bailout plan would boost liquidity across the battered financial markets.

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Oil posts biggest 3-day gain since 1998

Oil rises $6.50 on U.S. crisis plan

September 19, 2008 on 3:57 pm | In Business News | No Comments

NEW YORK/LONDON (Reuters) - Oil rose more than $6.50 on Friday to post its biggest three-day rally in a decade on expectations a sweeping U.S. government bailout plan would boost liquidity across the battered financial markets.

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Oil rises $6.50 on U.S. crisis plan

Lloyds raises 767 mln pounds to boost capital

September 19, 2008 on 2:14 pm | In Business News | No Comments

LONDON (Reuters) - Lloyds TSB sold shares worth 767 million pounds on Friday to take advantage of a surge in bank stocks to boost its capital a day after its 12 billion-pound takeover of rival HBOS .

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Lloyds raises 767 mln pounds to boost capital

Darling says SLS made 100 billion-plus available

September 19, 2008 on 1:39 pm | In Business News | No Comments

LONDON (Reuters) - Chancellor Alistair Darling said on Friday the Bank of England’s Special Liquidity Scheme had made more than 100 billion pounds available to the banking system.

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Darling says SLS made 100 billion-plus available

Lloyds sells shares at or near 270p/share

September 19, 2008 on 1:30 pm | In Business News | No Comments

LONDON (Reuters) - Lloyds TSB sold shares at or near 270 pence apiece in a placing to raise about 767 million pounds, traders said …

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Lloyds sells shares at or near 270p/share

FSA short-selling ban seen drastic but necessary

September 19, 2008 on 1:28 pm | In Business News | No Comments

LONDON (Reuters) - Hopes that the Financial Services Authority’s short-selling ban will soothe recent market jitters largely outweighed misgivings over the move, with most market participants seeing it as a drastic but necessary step.

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FSA short-selling ban seen drastic but necessary

FTSE soars to biggest gain in its history

September 19, 2008 on 1:24 pm | In Business News | No Comments

LONDON (Reuters) - The FTSE 100 powered to the biggest daily gain in its 24-year history on Friday as banks surged on a radical U.S. government plan aimed at …

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FTSE soars to biggest gain in its history

Paulson calls for U.S. asset rescue

September 19, 2008 on 12:04 pm | In Business News | No Comments

WASHINGTON (Reuters) - Treasury Secretary Henry Paulson on Friday called for the U.S. government to spend hundreds of billions of dollars more to rescue financial firms from lethal mortgages that threaten to collapse the financial system.

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Paulson calls for U.S. asset rescue

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