Euro and stocks tumble as crisis intensifies

October 5, 2008 on 10:06 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks fell 2-3 percent on Monday, led by shares of exporters, after a hectic weekend in Europe as the financial crisis gathered steam there, knocking the euro to the lowest in a year.

View original post here:
Euro and stocks tumble as crisis intensifies

China urges Europe to reject BHP bid for Rio

October 5, 2008 on 9:37 pm | In Business News | No Comments

SYDNEY (Reuters) - A senior Chinese government official urged European regulators to reject BHP Billiton’s $89 billion (50.4 billion pound) bid for Rio Tinto , saying it would be harmful to the global economy, the Sydney Morning Herald paper reported.

Here is the original post:
China urges Europe to reject BHP bid for Rio

Wachovia pursues Wells Fargo deal but Citi intervenes

October 5, 2008 on 8:09 pm | In Business News | No Comments

NEW YORK (Reuters) - Wachovia Corp will pursue a deal to sell itself to banking rival Wells Fargo & Co. despite an attempt by Citigroup Inc to block the deal, with a showdown in court set for Tuesday.

Read more here:
Wachovia pursues Wells Fargo deal but Citi intervenes

Judge sets hearing on Wachovia deal

October 5, 2008 on 7:39 pm | In Business News | No Comments

NEW YORK (Reuters) - A district court judge set a court hearing for Tuesday to decide whether an exclusivity agreement in Citigroup Inc’s bid to buy Wachovia Corp’s banking assets prevents a competing deal by Wells Fargo to go forward.

Credit:
Judge sets hearing on Wachovia deal

Germany agrees bank rescue

October 5, 2008 on 7:16 pm | In Business News | No Comments

BERLIN (Reuters) - Germany acted to stem turmoil in its financial sector on Sunday, thrashing out a new rescue for imperilled lender Hypo Real Estate and, in a surprise move, pledging to guarantee private savings accounts.

Excerpt from:
Germany agrees bank rescue

Germany and France deny plans for European bank fund

October 5, 2008 on 7:06 pm | In Business News | No Comments

ROME (Reuters) - German and French officials denied on Sunday that they were set to endorse a common fund to bail out European …

Source:
Germany and France deny plans for European bank fund

Oil falls 2 pct to $92

October 5, 2008 on 7:00 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil prices slumped 2 percent on Monday, falling for a fourth day as traders feared efforts to contain the spreading credit crisis would fail to stave off a deeper decline in oil demand.

Go here to read the rest:
Oil falls 2 pct to $92

Germany guarantees deposits and rescues bank

October 5, 2008 on 6:36 pm | In Business News | No Comments

BERLIN/WASHINGTON (Reuters) - Germany offered a blanket bank deposit guarantee on Sunday in a bid to contain the spreading credit crisis as officials clinched deals to rescue Germany’s Hypo Real Estate and recapitalize two other European banks.

See the original post:
Germany guarantees deposits and rescues bank

Oil falls below $92 in opening trade

October 5, 2008 on 6:18 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil prices dropped more than 2 percent in opening trade on Monday, falling for a fourth day as traders feared efforts to contain the spreading credit crisis would fail to stave off a deeper decline in oil demand.

Read more from the original source:
Oil falls below $92 in opening trade

Germany agrees rescue deal for Hypo

October 5, 2008 on 5:39 pm | In Business News | No Comments

BERLIN (Reuters) - The German government and banks on Sunday agreed a new rescue package for Hypo Real Estate that addresses additional liquidity needs that surfaced at the troubled German lender in recent days, the Finance Ministry said.

More here:
Germany agrees rescue deal for Hypo

Next Page »

Entries and comments feeds. Valid XHTML and CSS

Copyright Galaxy Visions Group