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U.S. passes bailout, focus shifts to fallout

NEW YORK/WASHINGTON (Reuters) - The U.S. Congress approved a $700 billion (396 billion pound) bank bailout on Friday, but stock markets fell as investors shifted attention to still-emerging fallout from the global credit …

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U.S. passes bailout, focus shifts to fallout

RBS says no impact on ABN plans from Fortis bailout

LONDON (Reuters) - Royal Bank of Scotland said its cost savings and revenue benefit targets from its purchase of ABN AMRO assets would be unaffected by the nationalisation of the Dutch banking activities of Fortis

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RBS says no impact on ABN plans from Fortis bailout

U.S. House passes financial bailout

NEW YORK/WASHINGTON (Reuters) - The U.S. House of Representatives approved a $700 billion (396 billion pound) bailout package for U.S. banks, under pressure from all sides as the effort to head off a spreading financial crisis hung in the balance.

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U.S. House passes financial bailout

Brown creates economic council

LONDON (Reuters) - Prime Minister Gordon Brown established a National Economic Council on Friday to coordinate economic policies across government and help people cope with the fallout from the financial crisis.

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Brown creates economic council

Dutch govt buys Fortis Dutch activities

BRUSSELS/AMSTERDAM (Reuters) - The Dutch government nationalised the banking and insurance activities of Fortis in the Netherlands on Friday after the troubled financial services company hit an acute cash crunch.

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Dutch govt buys Fortis Dutch activities

Heineken gets watchdog approval to buy Beamish

DUBLIN (Reuters) - Dutch brewer Heineken said on Friday Ireland’s Competition Authority had given unconditional approval for its purchase of Scottish & Newcastle’s Irish unit Beamish & Crawford.

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Heineken gets watchdog approval to buy Beamish

FTSE rises 2.3 percent on bailout hopes

LONDON (Reuters) - The FTSE 100 ended up 2.3 percent on Friday, led by banks on hopes that the U.S. House of Representatives will give the green light to a $700 billion (396 billion pound) financial sector rescue package.

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FTSE rises 2.3 percent on bailout hopes

BHP seen pressing on with Rio bid despite crisis

LONDON (Reuters) - Miner BHP Billiton may have to pay more for a $55 billion (31 billion pound) loan as the credit crisis deepens, but this is unlikely to force it to abandon its $95 billion all-share takeover bid for rival Rio Tinto .

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BHP seen pressing on with Rio bid despite crisis

FTSE rises 2.3 percent as banks lead on bailout hopes

LONDON (Reuters) - The FTSE 100 ended up 2.3 percent on Friday, led by banks on hopes that the U.S. House of Representatives will give the green light to a $700 billion (396 billion pound) financial sector rescue package.

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FTSE rises 2.3 percent as banks lead on bailout hopes

European stocks add to sharp gains

PARIS (Reuters) - European stocks rose further in late trade on Friday, up 3.3 percent, tracking sharp gains on Wall Street on hopes over the vote of the U.S. House of Representatives on the rescue plan for the ailing financial sector.

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European stocks add to sharp gains