U.S. Congress examines bailout plan

September 20, 2008 on 8:28 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Bush Administration sent a $700 billion (382 billion pounds) plan for a U.S. government bailout of bad mortgage debt to Congress on Saturday, seeking extraordinary authority as it tackles the worst financial crisis since the Great Depression.

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U.S. Congress examines bailout plan

WITNESS: Speculation and sandwiches as OPEC burns night oil

September 20, 2008 on 8:08 pm | In Business News | No Comments

Barbara Lewis is deputy energy editor for Europe, Middle East and Africa for Reuters. She has worked at Reuters for eight years and has covered numerous OPEC meetings over the past decade. In the following story she describes the tensions and fervour of an ‘ordinary’ oil exporters’ quota-setting meeting — in Ramadan and with oil prices around $100 (54.6 pounds) a barrel.

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WITNESS: Speculation and sandwiches as OPEC burns night oil

U.S. Congress examines market bailout plan

September 20, 2008 on 7:36 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Bush Administration sent a $700 billion (382 billion pounds) plan for a U.S. government bailout of bad mortgage debt to Congress on Saturday, seeking extraordinary authority as it tackles the worst financial crisis since the Great Depression.

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U.S. Congress examines market bailout plan

U.S. Congress gets $700 bln financial bailout plan

September 20, 2008 on 12:17 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Bush administration sent a $700 billion (382 billion pound) financial markets rescue plan to Congress on Saturday where Democrats are looking to add aid for distressed homeowners and other measures to help average citizens in addition to Wall Street.

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U.S. Congress gets $700 bln financial bailout plan

Berlusconi warns Alitalia now risks bankruptcy

September 20, 2008 on 8:39 am | In Business News | No Comments

ROME (Reuters) - Alitalia remained airborne on Saturday but Prime Minister Silvio Berlusconi ruled out any last-minute rescue by a foreign airline and said Italy’s flag carrier could be headed for bankruptcy.

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Berlusconi warns Alitalia now risks bankruptcy

Shell declares force majeure on Nigeria oil exports

September 20, 2008 on 5:46 am | In Business News | No Comments

LAGOS (Reuters) - Royal Dutch Shell said on Saturday it had declared a second force majeure on crude oil shipments from Nigeria following militant attacks in recent days on its facilities in the Niger Delta.

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Shell declares force majeure on Nigeria oil exports

U.S. readies massive toxic-debt plan

September 20, 2008 on 5:26 am | In Business News | No Comments

NEW YORK (Reuters) - The U.S. government is preparing a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt, after curbing short-selling and guaranteeing money-market mutual funds in an effort to bring stability to the financial markets.

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U.S. readies massive toxic-debt plan

U.S. judge approves Lehman asset sale to Barclays

September 20, 2008 on 2:15 am | In Business News | No Comments

NEW YORK (Reuters) - A U.S. bankruptcy judge approved a revised version of Barclays’ deal to purchase the core U.S. business of Lehman Brothers.

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U.S. judge approves Lehman asset sale to Barclays

U.S. judge approves Lehman and Barclays pact

September 20, 2008 on 12:53 am | In Business News | No Comments

NEW YORK (Reuters) - A U.S. bankruptcy judge approved Barclays’ deal to purchase the core U.S. business of Lehman Brothers.

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U.S. judge approves Lehman and Barclays pact

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